Euromax Announces Security Based Compensation Grants

(TheNewswire)

VANCOUVER, BC, March 12, 2026 – TheNewswire - Euromax Resources Ltd. (TSXV: EOX): (“Euromax” or the “Company”), announcestoday that it has granted a total of 250,000 stock options and11,698,429 restricted share units (“RSUs”) to certaindirectors and officers of Euromax in accordance with the Company’sStock Option Plan (the “Option Plan”) and Restricted Share Unit Plan(the “RSU Plan”), respectively. The grants aim to align the interests ofthe Company’s leadership with those of its shareholders, recognizecontributions, and support long-term retention and performance.

Each stock option is exercisable at a price of $0.05per common share in the capital of Euromax (each a “Common Share”) fora period of three years from issuance, with all such stock optionsvesting as of the date of the grant. Subject to the one-year minimum vestingperiod prescribed under Policy 4.4 – Security Based Compensation (“Policy4.4”) of the TSX Venture Exchange, the RSUsvest in up to five tranches upon the achievement of certain milestonesin respect of the Ilovica-Shtuka gold-copper project, asfollows:

• 10% of the RSUs vesting upon the merger of theconcessions;  

• 10% of the RSUs vesting upon the approval of theEnvironmental Impact Assessment;  

• 60% of the RSUs vesting upon the approval of theExploitation Permit;  

• 10% of the RSUs vesting upon the approval of theConstruction Permit; and  

• 10% of the RSUs vesting upon the approval of theIntegrated Pollution Prevention and Control.  

Each RSU, once vested in accordance with the terms ofthe RSU Plan and the applicable RSU agreement, entitles theparticipant to receive one Common Share.

The maximum number of Common Shares issuable under theOption Plan is 91,177,819 CommonShares, and the maximum number of Common Sharesthat may be reserved for issuance under the RSU Plan is 49,001,332 Common Shares. In accordancewith Policy 4.4, Euromax shareholders will beasked to consider and, if thought appropriate, pass, with or withoutvariation, a resolution to re-approve the Option Plan at theCompany’s next annual general meeting of shareholders.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

About Euromax Resources Ltd.

Euromax has a major development project in NorthMacedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project.

Forward-Looking Information

This news release containsstatements that are forward-looking, such as those relating to thevesting of the RSUs, the achievement of certain milestones in relationto the Ilovica-Shtuka gold-copper project, and the approval of theOption Plan by shareholders at the Company’s next annual generalmeeting of shareholders. Forward-looking statements are frequentlycharacterised by words such as “plan”, “expect”, “project”, ”intend”, ”believe”, ”anticipate” and other similar words, or statements thatcertain events or conditions “may” or “will” occur.Forward-looking statements are based on the opinions and estimatesof management at the datesthe statements are made, and are subject to a variety of risks anduncertainties and otherfactors that could cause actual events or results to differ materiallyfrom those projected in the forward-looking statements. This information is qualified in its entirety by cautionary statements and risk factor disclosure  contained in filings made by the Company,including its annual information form for the year ended December 31,2024 and financial statements and related management’s discussionand analysis (“MD&A”) for the financial years ended December 31, 2024 and 2023, aswell as the unaudited condensed consolidated interim financialstatements and related MD&A for the three and nine months endedSeptember 30, 2025 and 2024, filed with the securities regulatoryauthorities in certain provinces of Canada and available on SEDAR+ atsedarplus.ca. The forward-looking statements containedin this document are as ofthe date of this document andare subject to change after this date. Readers are cautioned thatthe assumptions used in thepreparation of such information, although considered reasonable at thetime of preparation, mayprove to be imprecise and, as such, undue reliance should not beplaced on forward-looking statements. Euromax disclaims any intention or obligation to updateor revise any forward-looking statements, whether as a result of new information,future events or otherwise, unless required by applicable law.

This news release shall notconstitute an offer to sell or a solicitation of any offer to buy anysecurities, nor shall there be any sale of any securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful. The securities referenced herein have not been, nor willthey be, registered under the United States Securities Act of 1933, asamended (the “U.S. Securities Act”), and such securities may not beoffered or sold within the United States absent registration under theU.S. Securities Act or an applicable exemption from the registrationrequirements thereunder.

For more information, please visit www.euromaxresources.comor contact:

Tim Morgan-Wynne, Chief ExecutiveOfficer

+44 20 3918 5160

tmorganwynne@euromaxresources.com

Copyright (c) 2026 TheNewswire - All rights reserved.