Avrupa Minerals Private Placement Fully Subscribed at $510,000

Avrupa Minerals Ltd. (AVU) has fully subscribed to and increased its previously announced private placement, raising gross proceeds of $510,000. The offering consists of 10,200,000 units priced at $0.05 per unit, with each unit comprising one common share and one-half common share purchase warrant.

Net proceeds will be allocated to fund exploration at copper-focused projects in Finland, support ongoing operations in Portugal, and provide working capital. Closing is expected within 10 days pending TSX Venture Exchange and other regulatory approvals.

Warrants carry a $0.10 exercise price for 36 months from closing. All securities are subject to a statutory hold period of four months and one day.

Avrupa Minerals Ltd. (AVU) announced a financing event that serves as a direct follow-up to its June 17, 2026, announcement of a $500,000 placement. The offering price of $0.05 aligns with the recent trading range, indicating no premium and resulting in immediate dilution for existing shareholders. The capital raise is modest and primarily serves to extend operational runway rather than accelerate major project milestones. No new project data, resource updates, or strategic partnerships were disclosed alongside the financing. The market impact is limited to short-term liquidity provision, with no material change to the company's fundamental trajectory or valuation drivers.

Avrupa Minerals Ltd. (AVU) operates as a project generator and exploration company focused on base metals and gold within politically stable European jurisdictions. Its flagship asset is the Sesmarias Cu/Zn VMS project, located in Portugal’s Iberian Pyrite Belt. On June 3, 2026, the company announced an initial Mineral Resource Estimate for Sesmarias of 6.5 million tonnes at 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag.

Avrupa Minerals has submitted a full mining license application for Sesmarias and is actively seeking an earn-in joint venture partner to advance permitting and resource expansion. In Finland, the company holds a portfolio consisting of seven copper-zinc VMS permits and one gold prospect, acquired via Akkerman Finland Oy. These assets are located within trucking distance of the active Pyhäsalmi Mine. Additionally, the company holds a 49% interest in the Slivova Gold Project in Kosovo, which is currently on hold pending license re-issuance by local authorities.