Euromax Resources closes final tranche of financing

Mr. Tim Morgan-Wynne reports EUROMAX ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT Euromax Resources Ltd., further to its news releases dated Dec. 15, 2025, and Dec. 30, 2025, has closed the second and final tranche of its previously announced non-brokered private placement through the issuance of 73,257,815 common shares of the company at a subscription price of 3.25 Canadian cents (2.299 U.S. cents) per common share for aggregate gross proceeds of $2,380,878.99 (Canadian) ($1,684,504.73 (U.S.)). The sole placee of the final tranche was an insider of the company. The common shares issued pursuant to the final tranche are subject to a hold period of four months and one day from the date of issuance, expiring on May 8, 2026, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The gross proceeds from the common shares issued pursuant to the final tranche will be used as follows: Office, administration and communications costs -- 20 per cent; Salaries -- 31 per cent; Legal and administrative fees -- 18 per cent; Finance costs -- 7 per cent; Project working capital -- 9 per cent; Tax, audit and accounting fees -- 15 per cent. Amounts representing 6 per cent of the proceeds of the private placement will be used to finance normal salary payments to non-arm's-length parties. Amounts representing up to 5 per cent of the proceeds of the private placement may be used to finance payments to persons conducting investor relations activities within the meaning of the policies of the TSX-V. As the final tranche placee is a related party of Euromax, in completing the final tranche, the company relied on the exemptions from the formal valuation and minority approval requirements of Policy 5.9 of the TSX-V and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively. The private placement remains subject to the final acceptance of the TSX-V. 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. We seek Safe Harbor.