Euromax Enters into Agreements to Extend Maturity Dates of Previously Issued Convertible Debentures

(TheNewswire)

VANCOUVER, BC – TheNewswire- February 27, 2026 - EuromaxResources Ltd. (TSXV: EOX): ("Euromax" or the"Company"), announces that, further to its press release dated February 19, 2026,the Company has obtained agreements from each of the European Bank for Reconstruction and Development (“EBRD”) and CC Ilovitza Limited (“CCC”), an affiliate of Consolidated Contractors Company Group,to extend the maturity dates of EBRD’s and CCC’s previouslyissued convertible debentures in the aggregateprincipal amounts of USD$5,000,000 and CAD$5,200,000, respectively, from February 28, 2026 to February 28, 2027(collectively, the “Debenture Amendments”).

The Debenture Amendments do not make any changes to theconversion price applicable to principal under the convertibledebentures ($0.15 per share) or to the applicable interest rate (20%for the period from and including April 30, 2018 to and excludingMarch 31, 2019 and 7% for the period from and including March 31, 2019to and excluding February 28, 2027).

In order to comply with the requirements of the TSXVenture Exchange, EBRD and CCC had previously agreed that for as longas the Company is listed on the TSX Venture Exchange, any issuance ofshares pursuant to a conversion of accrued and unpaid interest underthe convertible debentures and of any fees under the EBRD convertibledebenture will be subject to the policies of the TSX Venture Exchange,including the requirement that such issuance would be subject to prioracceptance by the TSX Venture Exchange and that such shares would beissued at a price that is not less than the market price (as definedin the policies of the TSX Venture Exchange) at the time such accruedand unpaid interest or fees become payable.    

In completing the Debenture Amendments, the Company isrelying on the exemptions from the formal valuation and minorityapproval requirements in Multilateral Instrument 61-101 –Protection of MinoritySecurity Holders in Special Transactions(“MI 61-101”) contained in sections 5.5(e) and 5.7(1)(c) of MI 61-101,respectively.

The Debenture Amendments remain subject to the finalacceptance of the TSX Venture Exchange.

Neither the TSX Venture Exchange norits regulation services provider accepts responsibility for theadequacy or accuracy of this news release.

About Euromax Resources Ltd.

Euromax has a major development project in North Macedonia and isfocused on building and operating the Ilovica-Shtuka gold-copperproject.

Forward-Looking Information

This news release containsstatements that are forward-looking, such as those relating to theconversion of any fees and interest under the convertible debenturesand the final acceptance of the TSX Venture Exchange of the DebentureAmendments. Forward-looking statements are frequently characterized bywords such as “plan”, “expect”, “project”, ”intend”,”believe”, ”anticipate” and other similar words, or statementsthat certain events or conditions “may” or “will” occur.Forward-looking statements are based on the opinions and estimates ofmanagement at the dates the statements are made, and are subject to avariety of risks and uncertainties and other factors that could causeactual events or results to differ materially from those projected inthe forward-looking statements. This information is qualified in itsentirety by cautionary statements and risk factor disclosure containedin filings made by the Company, including its annual information formfor the year ended December 31, 2024 and financial statements andrelated management’s discussion and analysis (“MD&A”) for the financial years endedDecember 31, 2024 and 2023, and the unaudited condensed consolidatedinterim financial statements for the three months ended September 30,2025 and 2024 along with the accompanying MD&A, filed with thesecurities regulatory authorities in certain provinces of Canada andavailable on SEDAR+ at www.sedarplus.ca. The forward-lookingstatements contained in this document are as of the date of thisdocument, and are subject to change after this date. Readers arecautioned that the assumptions used in the preparation of suchinformation, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements. Euromax disclaimsany intention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except asotherwise required by applicable law.

For more information, please visit www.euromaxresources.com or contact:

Tim Morgan-Wynne, Chief ExecutiveOfficer

+44 20 3918 5160

tmorganwynne@euromaxresources.com

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