Avrupa Minerals Closes $570,000 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

December 29, 2025 NR 11 - 2025

Avrupa Minerals Closes $570,000 Private Placement

Vancouver, BC – December 29, 2025 – Avrupa Minerals Ltd. (TSXV:AVU) (“Avrupa”

or the “Company”) is pleased to announce that it has closed the private placement as

announced on December 3.

The Company raised $570,000 from the sale of 11,400,000 Units at $0.05 per Unit. Each

Unit is comprised of one common share and one common share purchase warrant. Each

common share purchase warrant entitles the holder t o purchase one common share for

$0.075 per common share until December 29, 2028. T he common share purchase

warrants are non-transferable. All securities are subject to a four-month hold expiring on

April 30, 2026. The Company paid cash finder’s fee of $800.

A director of the Company purchased or acquired dir ection and control over a total of

1,000,000 Units under the private placement. The placement to this person constitutes a

“related party transaction” within the meaning of T SX Venture Exchange Policy 5.9 and

Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special

Transactions (“MI 61-101”) adopted in the Policy. The Company has relied on exemptions

from the formal valuation and minority shareholder approval requirements of MI 61-101

contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101 with respect to related party

participation in the placement as neither the fair market value (as determined under MI

61-101) of the subject matter of the transaction, n or the fair market value of the

consideration for the transaction, insofar as it in volved the related party, exceeded 25%

of the Company's market capitalization (as determined under MI 61-101).

The proceeds of the private placement financing wil l be used to fund exploration at its

copper-focused projects in Finland, ongoing operati ons in Portugal, and for working

capital. Avrupa also holds the Slivova gold project in Kosovo which is currently under

option to a third party who manages and funds the project.

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

directed to discovery of mineral deposits, using a hybrid project generator business

model. The Company holds one 100%-owned project in Portugal, the Alvalade VMS

Project, and has submitted an application for a min ing license covering the Sesmarias

massive sulfide showing within the Project area. T he Company holds one 49%-owned

exploration license covering the Slivova Gold Proje ct in Kosovo, optioned to Western

Tethyan Resources. The Company is actively advanci ng seven copper-zinc prospects

and one gold prospect in central Finland through it s partnership with Akkerman

Exploration B.V. in the Finnish exploration company , Akkerman Finland Oy. Avrupa

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focuses its project generation work in politically stable and prospective regions of Europe,

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

develop other opportunities around Europe, and is a ctively looking for new JV

partnerships in Finland and Portugal.

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

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 of

Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Secur ities

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

prepared and supervised the 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.