Mr. Tim Morgan-Wynne reports

EUROMAX ANNOUNCES DELAY IN ANNUAL FILINGS

Euromax Resources Ltd. has not been able to meet the prescribed deadline for filing the following continuous disclosure documents of the company (collectively, the annual filings):

• The audited annual financial statements for the year ended Dec. 31, 2023;
• The company's management's discussion and analysis for the year ended Dec. 31, 2023;
• The annual information form for the year ended Dec. 31, 2023; and
• The certification of the foregoing filings as required by National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings.

Companies listed on the TSX Venture Exchange are usually subject to a 120-day period to report year-end financial results, which the company has been working toward. However, since the company's listing on the TSX-V only became effective on Jan. 9, 2024, the company remained subject to the reporting requirement of 90 days applicable to Toronto Stock Exchange issuers for the year ended Dec. 31, 2023. As a result, the company was notified by its principal regulator, the Ontario Securities Commission, that it is in default of its annual filing obligations. Euromax is making every effort to submit the annual filings in a timely fashion and expects to be in a position to file the annual filings by no later than April 30, 2024. The company will engage with the Ontario Securities Commission as necessary during this time.

The company will provide an update in due course and will issue a news release once the annual filings have been filed.

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.