Euromax Resources Ltd. announced a private placement to issue 61,464,496 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 1,229,289.92 on April 25, 2024. Each unit consists of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of CAD 0.05 per Common Share for a period of five years following the closing of the Offering.

The proposed placees of the Offering include two controlling shareholders and two directors of the Company. All Proposed Placees are insiders of the Company. Closing of the Offering is subject to acceptance by the TSXV of the terms of the Offering and other customary closing conditions.

In addition to any applicable resale restrictions under Canadian securities laws, all securities issued under the Offering will be subject to a four month resale restriction imposed by the TSXV. The transaction has been approved by Ontario Securities Commission. Closing of the Offering is subject to acceptance by the TSXV of the terms of the Offering and other customary closing conditions.

In addition to any applicable resale restrictions under Canadian securities laws, all securities issued under the Offering will be subject to a four month resale restriction imposed by the TSXV.