Euromax Announces Debenture Extension VANCOUVER

Euromax Announces Debenture Extension

VANCOUVER

, Dec. 20 2018 /CNW/ -

Euromax Resources Ltd.,

(TSX: EOX; OTCQB: EOXFF)

("

Euromax

" or the "

Company

"), announces that 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 date of

EBRD's and CCC's previously issued convertible debentures in the aggregate principal amounts of

USD$5,000,000

and

CAD$5,200,000

, respectively, from

December 31, 2018

, to

February 28, 2019

.

About Euromax Resources Ltd.

Euromax is a minerals development company whose corporate strategy is centered on the

development of the Ilovica-Shtuka Project, the company's core copper development project located

in

Macedonia

. Euromax, through its local subsidiaries, has been involved in the exploration and

development of a number projects in south-eastern

Europe

since

January 2011

.

SOURCE

Euromax Resources

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%SEDAR: 00009131E

For further information:

please visit www.euromaxresources.com or contact: Varshan Gokool,

President & CEO, +44 203 918 5161, [email protected]; Martina Kostovska,

Communications Manager, +389 2 3 220 998, [email protected]

CO: Euromax Resources

CNW 08:20e 20-DEC-18