An anonymous director reports

EURO SUN CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT FINANCING, ISSUES DEBENTURE AND OTHER CORPORATE UPDATES

Euro Sun Mining Inc. has closed a final tranche of its previously announced non-brokered private placement financing of units of the company. Pursuant to the closing of the final tranche, the company issued 5.48 million units of the company at a price of five cents per unit for gross proceeds of $274,000. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of five cents per common share until two years from the issue date.

In connection with closing of the final tranche, the company paid an aggregate amount of $9,100 plus applicable taxes in cash commissions and 182,000 broker warrants to finders. Each broker warrant will entitle the holder thereof to purchase one common share at a price of five cents for a period of 24 months from the date of the closing of the final tranche.

Euro Sun intends to use the proceeds of the offering for the advancement of its Rovina Valley project and for general corporate purposes.

The securities issued under the final tranche are subject to a hold period that expires four months plus one day from the date of issuance.

$350,000 debenture

The company is pleased to announce that it has issued a debenture with a holding company of a director of the company, providing for a principal amount of $350,000 and maturing on Dec. 19, 2025. The debenture is non-interest bearing, and is secured against all of the assets and property of the company pursuant to a general security agreement.

Euro Sun intends to use the principal amount for financing annual mining licence fees for the Rovina Valley project, and for working capital costs in Canada and Romania.

The entering into of the transaction documents and the transactions thereunder constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the transaction documents as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the company. The material change report will not be filed more than 21 days prior to closing of the placement due to the timing of the announcement of the transaction documents.

Corporate update

The company also announces the resignation of Kenny Choi as the corporate secretary of the company. Management and the board of directors of the company thank Mr. Choi for his tireless contributions to the company during his tenure.

About Euro Sun Mining Inc.

Euro Sun Mining is a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley project, one of Europe's largest copper gold projects.

We seek Safe Harbor.