Mr. Tim Morgan-Wynne reports

EUROMAX PROVIDES FINANCING UPDATE

Euromax Resources Ltd. has agreed to issue a non-interest-bearing, unsecured, non-convertible promissory note in the principal amount of $475,000 (U.S.) to one of its current major shareholders, Galena Resource Equities Ltd., an entity controlled and managed by Galena Asset Management S.A., which is an affiliate of Trafigura Pte. Ltd.. The proceeds from the promissory note will be used to provide the company with short-term working capital. The company currently has no source of operational cash flow and it is anticipated that the company will require additional financing in the second half of 2025.

Galena is a related party to the company under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, by virtue of its shareholding being in excess of 10 per cent of the company's issued and outstanding share capital. Accordingly, the entering into of the promissory note constitutes a related party transaction under MI 61-101. The transaction is exempt from the formal valuation requirement under Section 5.4 of MI 61-101, pursuant to Subsection 5.5(b) of MI 61-101, and from the minority approval requirement under Section 5.6 of MI 61-101, pursuant to Subsection 5.7(f) of MI 61-101. The company did not file a material change report with respect to the promissory note at least 21 days prior to the anticipated issuance of the promissory note due to the company's determination that it is in the best interest of the company to avail itself of the proceeds of the note in an expeditious manner.

About Euromax Resources Ltd.

Euromax has a major development project in northern Macedonia, and is focused on building and operating the Ilovica-Shtuka copper project.

We seek Safe Harbor.