Avrupa Minerals Closes $506,357 Private Placement

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TSX-V: AVU

US OTC: AVPMF

FRANKFURT: 8AM

410 – 325 Howe Street, Vancouver, BC Canada V6C 1Z7 T: (604) 687-3520 F: (888) 889-4874

October 26, 2020 NR 07 - 2020

Avrupa Minerals Closes $506,357 Private Placement

Vancouver, BC, October 26, 2020 - Avrupa Minerals Ltd. (AVU:TSXV) is pleased to

report that the financing announced on October 9, 2020 has now been closed. A total

of $506,357 from the issuance of the 16,878,566 units was raised to provide working

capital for exploration programs in Portugal, Kosovo, potential new acquisitions, and for

general corporate purposes.

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “We are pleased

with the continued strong support from our shareholders and new investors. Avrupa is

moving ahead with the partner -funded Alvalade copper-zinc project where we expect to

commence with drilling and an airborne geophysical program in the coming weeks. We

are actively considering the acquisition of certain attractive base and precious metals

possibilities around Europe, any one of which will enhance our portfolio.”

Each unit is comprised of one common share and one common share purchase warrant

at $0.03 per unit. The warrant is valid for t hree years expiring October 23, 202 3 and is

exercisable at $0.05 to acquire one common share.

All securities are subject to a four-month hold expiring on February 24, 2021.

Avrupa Minerals Ltd. is a growth -oriented junior exploration and development

company directed to discovery of mineral deposits, using a hybrid prospect generator

business model. The Company holds one 100% -owned license in Portugal, the

Alvalade VMS Pro ject, now optioned to MATSA in an earn- in joint venture agreement.

Avrupa focuses its project generation work in politically stable and prospective regions

of Europe, presently including Portugal and Kosovo. The Company continues to seek

and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1- 604-687-3520 or visit our

website at www.avrupaminerals.com.

On behalf of the Board,

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

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This news release was prepared by Company management, who take full responsibility for its content. Paul W.

Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the

Society o f Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian

Securities Administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the QP, has not only

reviewed, but prepared and supervised t he preparation or approval of the scientific and technical content in the news

release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.