Kolima Copper/Zinc Exploration Permit Issued, Pyhasalmi Mining District, Finland

Avrupa Minerals Ltd., through its subsidiary Akkerman Finland Oy, has successfully cleared all appeals and fully issued the Kolima exploration permit in the Pyhäsalmi Mining District of Central Finland. The permit covers the Kolima prospect, which hosts historical distal-type VMS zinc-lead mineralization and is interpreted as a potential distal facies of a larger, undiscovered massive sulfide system.

Historical work by the Geological Survey of Finland between 1956 and 1993 outlined a 200-400 meter wide, 2,000 meter long zone with over 10,000 meters of drilling. Management views this development as a key step to advance the Pyhäsalmi VMS project portfolio toward drilling. The company plans to move forward with exploration by permitting selected scout drill hole collars in high-potential target areas identified by geological analysis.

Avrupa Minerals Ltd. (AVU) has secured a permit issuance, a procedural milestone that removes regulatory encumbrances and allows the company to proceed with scout drilling at Kolima. This development aligns with the company's stated 2026 exploration roadmap to advance brownfield targets adjacent to the operating Pyhäsalmi Mine. The news is incremental and expected, following prior land acquisitions and permit applications in the district, and does not represent a resource discovery, a change in project economics, or a major financing event. There is no material impact on near-term cash flow or valuation. The company's immediate focus remains on securing a mining partner for the Sesmarias project in Portugal and advancing Finnish exploration.

Avrupa Minerals Ltd. (AVU) is a junior exploration company focused on base metals in politically stable European jurisdictions. Its flagship project is the Sesmarias Copper-Zinc VMS project in Portugal's Iberian Pyrite Belt. An initial NI 43-101 Mineral Resource Estimate was filed in July 2026, defining 6.5 million tonnes at 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag (6.2% ZnEq). The company is seeking an earn-in JV partner to advance permitting and drilling.

In Finland, the company holds eight exploration permits in the Pyhäsalmi Mining District via Akkerman Finland Oy, targeting copper-zinc VMS and one gold prospect. The Kolima permit is the latest addition, bringing the total portfolio to seven Cu/Zn permits and one gold permit.