Euromax Announces Board Changes

VANCOUVER, BC, June 15, 2026 /CNW/ - Euromax Resources Ltd. (TSXV: EOX) ("Euromax" or the "Company"), announces that Tim Morgan-Wynne has resigned from the Company's Board of Directors and as Chief Executive Officer, effective June 11, 2026. The Company has appointed P. Gage Jull, previously Non Executive Chairman, as Executive Chairman and interim Chief Executive Officer.

Gage Jull, Executive Chairman, stated: "The Company expresses its utmost gratitude to Tim for his achievements during his 6 years of executive leadership. Having successfully restored the Ilovica 6 concession to full legal ownership, he has now delivered the key milestone of approval of the Merger of Concessions which will be instrumental in unlocking value for shareholders. He has decided that it is time for a new team to take on the next stage of the Company's development and we wish him all the best in his future endeavours."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

Forward-Looking Information

This news release contains statements that are forward-looking, such as those relating to the vesting of the RSUs, the achievement of certain milestones in relation to the Ilovica-Shtuka gold-copper project, and the approval of the Option Plan by shareholders at the Company's next annual general meeting of shareholders. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the dates the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including its annual information form for the year ended December 31, 2025 and financial statements and related management's discussion and analysis ("MD&A") for the financial years ended December 31, 2025 and 2024, as well as the unaudited condensed consolidated interim financial statements and related MD&A for the three months ended March 31, 2026 and 2025, filed with the securities regulatory authorities in certain provinces of Canada and available on SEDAR+ at sedarplus.ca. The forward-looking statements contained in this document are as of the date of this document and are subject to change after this date. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Euromax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.

For more information, please visit www.euromaxresources.com

SOURCE Euromax Resources Ltd.

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