Mr. Jeremy Poirier reports

EUROPEAN ENERGY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

European Energy Mining Corp. has closed its previously announced, oversubscribed, non-brokered private placement consisting of 5,787,800 units at a price of 36 cents per unit for total gross proceeds of to $2,083,608.

Each unit consists of one common share and one-half of a common share purchase warrant. Each warrant is exercisable for one additional common share at an exercise price of 75 cents until Oct. 20, 2026.

In connection with the private placement, the company has paid Leede Jones Gable Inc. a cash commission of $140,112 and has paid Raymond James Ltd. a cash commission of $5,040. The company also issued 695,000 shares to Leede Jones Gable Inc. as compensation and issued 14,000 broker warrants (having the same terms as the warrants) to Raymond James Ltd. as compensation.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months and one day from the date of issuance. The company intends to use the net proceeds of the private placement for exploration work on its properties and for working capital.

A director of the company has subscribed for 27,800 units pursuant to the private placement. The issuance of the units to the director pursuant to the private placement will be considered to be a related party transaction within the meaning of Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of the insider participation.

Early warning disclosure

The following disclosure is being provided under the early warning provisions of Canadian securities legislation. Zhuo Wei Ye of 1009 Expo Blvd., Vancouver, B.C., V6Z 2V9, acquired ownership and control over five million units (five million shares and 2.5 million warrants) pursuant to the private placement at an aggregate price of $1.8-million.

Prior to the private placement, the acquiror did not hold any securities of the company. The acquiror now holds five million shares, representing 14.2 per cent of the outstanding shares. If all of the acquiror's warrants were exercised for shares, the acquiror would hold 7.5 million shares or 19.9 per cent of the outstanding shares on a partially diluted basis. The shares and warrants were acquired for investment purposes. The acquiror may acquire additional securities or dispose of existing securities on the basis of the acquiror's assessment of market conditions and in compliance with applicable securities regulatory requirements. A copy of the acquiror's early warning report will be filed on the company's SEDAR+ profile or can be obtained by contacting the company at 604-722-9842.

About European Energy Metals Corp.

European Energy Metals is a junior mining company currently focused on the lithium-cesium-tantalum Finnish pegmatite project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies.

We seek Safe Harbor.