Mr. Tim Morgan-Wynne reports

EUROMAX ANNOUNCES NEW LEGAL DECISION

The Administrative Court has issued its decision in respect of Euromax Resources Ltd.'s appeal challenging the termination of the Ilovica 6 concession by the government of the Republic of North Macedonia. The court has upheld the company's lawsuit and annulled the disputed decision to terminate the Ilovica 6 concession. The court has returned the case to the respective authority to reconsider and redecide.

As part of this decision, the court, having recognized that the merger of the Ilovica 6 and Ilovica 11 concessions represents a prior legal matter, rejected the company's proposal that the government be required to decide on the concessions merger, citing the matter being out of the court's authority. Until a final approval for the concessions merger is concluded, the company acknowledges that there is still material uncertainty related to intended development of the Ilovica-Shtuka project.

Tim Morgan-Wynne, executive chairman, stated: "We are encouraged by the fact that the Administrative Court has restored the legal status of the Ilovica 6 concession. The company looks forward to a constructive and forward-looking engagement with the relevant stakeholders to take the next steps."

About Euromax Resources Ltd.

Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project.

We seek Safe Harbor.