An anonymous director reports

EURO SUN MINING ANNOUNCES UP TO $5 MILLION PRIVATE PLACEMENT

Euro Sun Mining Inc. intends to complete a non-brokered private placement of up to 100 million common shares of the company at a premium placed at five cents per common share for gross proceeds to the company of up to approximately $5-million.

Euro Sun intends to use the proceeds of the offering to repay outstanding amounts under the two convertible security financing agreements with Lind Global Fund II LP, an investment entity managed by The Lind Partners, a New York-based institutional fund manager, and to complete the remaining permitting requirements for the Rovina Valley project. Euro Sun also takes this opportunity to formally thank Lind for its valued support as the Rovina Valley project continues to gain traction.

Closing of the offering is expected to occur on or about Aug. 18, 2023, and may close in one or more tranches. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions, including, without limitation, receipt of Toronto Stock Exchange approval.

The company may pay finders' fees to eligible finders in accordance with the policies of the Toronto Stock Exchange.

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second-largest gold deposit in Europe.

We seek Safe Harbor.