Change of Ownership Registration for the Slivova Gold Project, Kosovo
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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
June 4, 2025 NR 05 - 2025
Change of Ownership Registration for the Slivova Gold Project, Kosovo
Avrupa Minerals Ltd. (AVU:TSXV) reports that the change in control of its subsidiary in
Kosovo, AVU Kosova (“AVUK”), previously described i n the Company news release of
April 3, 2025 ( NR-03 -- Progress at Slivova ), has been officially registered with the Kosovo
Business Registration Agency and the Kosovo Mining Bureau (“ICMM”). AVUK is now
held 49% by Avrupa Minerals and 51% by JV partner W estern Tethyan Resources
(“WTR”), a UK-registered entity physically based in Kosovo. AIM-listed Ariana Resources
holds 76% of WTR.
While the ownership change in AVUK was registered properly, in accordance with Mining
Law regulations, and in a timely manner at ICMM, un foreseen delays in the approval of
this formal registration resulted in the lapse of t he Slivova exploration license at the end
of business on May 16, 2025. To cover the expirati on of the license, ICMM legal
department informally indicated that AVUK should re -apply for the exact same Slivova
area at the start of business on May 19, 2025. On behalf of AVUK, WTR legal
representation agreed to the informal recommendatio n, and the application for the new
Slivova license was successfully completed and regi stered in the ICMM system.
Application for exploration areas is registered at ICMM on a “first come-first served” basis,
thus continuity of tenure was secured for the Slivo va Project. Full processing of the
application is expected in the coming 3-5 months, a ccording to the Mining Law
regulations.
In the meantime, according to principals of Ariana and Western Tethyan Resources, WTR
will continue to plan for “the next stage of technical work on the Slivova Project to advance
it to the feasibility stage”. Further information about WTR and Ariana Resources and the
Slivova license tenure may be found in their news r eleases, issued simultaneously with
AVU’s news release.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented:
“We are pleased with the seemingly positive outcome of the Slivova change of ownership
proceedings, and look forward to a speedy re-start of the Project. Security of land tenure
is important for our programs in Europe and is a basic tenet of mineral exploration. ”
Dr. Kerim Şener, Managing Director of Arian Resources, said:
“We look forward to the approval of the change of c ontrol and the corresponding re-
application for the Slivova license being processed by the ICMM in due course. In the
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meantime, WTR is planning for the next stage of technical work on the Slivova Project to
advance it to the feasibility stage.”
Mentor Demi, CEO of Western Tethyan Resources, added:
“The Slivova project is an exciting near-term oppor tunity for WTR. While we await final
ICMM confirmation of our position, this application safeguards our interest and enables
us to remain on track for exploration and potential development.”
Western Tethyan Resources (WTR) is a UK-registered, mineral exploration and
development company focused on South East Europe. T he company has a strategic
alliance with Newmont Corporation and Ariana Resour ces and is currently focused on
exploration for major copper-gold deposits in the L ecce Magmatic Complex and Vardar
Belt. The company is assessing several other explor ation project opportunities across
Eastern Europe, targeting copper-gold deposits acro ss the porphyry-epithermal
transition.
Ariana Resources is an AIM-listed mineral exploration and developme nt company with
an exceptional track-record of creating value for i ts shareholders through its interests in
active mining projects and investments in explorati on companies. Its current interests
include gold production in Turkey and copper-gold exploration and development projects
in Cyprus and Kosovo.
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. Avrupa holds one 100%-owned license in Port ugal, the Alvalade VMS Project,
and holds 49% of the JV company, AVU Kosova, that o perates the Slivova Gold Project
in Kosovo. The Company is actively advancing six p rospects in central Finland through
its partnership with Akkerman Finland Oy. Avrupa 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 deve lop 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
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
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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 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.