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Euromax Announces Results of Annual General Meeting and New Board Appointments

Management Changes Shareholder Meetings

Euromax Announces Results of Annual

General Meeting and New Board Appointments

VANCOUVER

,

June 24, 2019

/CNW/ -

Euromax Resources Ltd,

(TSX: EOX): ("

Euromax

" or the

"

Company

") is pleased to report that all resolutions proposed, as set out in the Notice of Meeting

dated

16 May 2019

, were duly passed at its Annual General Meeting held in

Skopje

,

North

Macedonia

on

Thursday, June 20, 2019

.

At the Meeting, each of the individuals nominated by management for election as a director of the

Company were duly elected and the number of directors of the Corporation was fixed at six (6) in

accordance with the Corporation's Articles.

The results are as follows:

Name of Nominee

Vote For

%

James Burke

181,486,151

99.62%

Varshan Gokool

182,071,739

99.94%

Martyn Konig

182,071,739

99.94%

Tim Morgan-Wynne

182,065,946

99.93%

Raymond Threlkeld

181,320,239

99.53%

Nicolas Treand

181,419,172

99.58%

Re-Appointment of Auditors

BDO LLP were re-appointed as auditors of the Corporation, to hold office until the next annual

general meeting of Shareholders, and to authorize the directors to fix their remuneration.

The Board & Management wishes to express its thanks to all shareholders for their support.

Board Appointments

Euromax is also is pleased to announce that

Ivan Vutov

, PhD, has been appointed as a Director of

the Company.

Mr. Vutov joins the Board of Directors and takes the position as Director nominated by Galena

Resource Equities Limited and is currently Chairman of Board of Directors of Geotrading AD and

also Vice President of Geotechmin OOD. Mr. Vutov is also member of the Supervisory Board of

Ellatzite-Med AD. Mr. Vutov has PhD in Social Management University of National and World

Economy,

Sofia, Bulgaria

.

Additionally, Nicolas Treand, currently Director, alongside exsiting management will assume an

executive role in charge of Macedonian affairs.

The Company further announces that the following members have been appointed to the Board

Committees:

Audit Committee

Tim Morgan-Wynne

(Chair),

James Burke

and

Martyn Konig

Compensation Committee

Martyn Konig

(Chair),

Tim Morgan-Wynne

,

James Burke

and Nicolas Treand

Technical Committee

Greg Morris

(Chair),

Patrick Forward

,

Raymond Threlkeld

and Vladislav Trashliev

About Euromax Resources Ltd.

Euromax has a major development project in

North Macedonia

and is focused on building and

operating the Ilovica-Shtuka copper-gold project.

Forward-Looking Information

This news release contains statements that are forward-looking, such as those relating to results of

operations and financial condition, capital spending, financing sources, commodity prices, mineral

resources and property evaluation plans and programmes. Forward-looking statements are

frequently characterised by words such as "plan", "expect", "project", "intend", "believe",

"anticipate" and other similar words, or statements that certain events or conditions "may" or "will"

occur. Forward-looking statements are based on the opinions and estimates of management at the

dates the statements are made, and are subject to a variety of risks and uncertainties and other

factors that could cause actual events or results to differ materially from those projected in the

forward-looking statements. The forward-looking statements contained in this document are as of

the date of this document, and are subject to change after this date. Readers are cautioned that the

assumptions used in the preparation of such information, although considered reasonable at the

time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed

on forward-looking statements. Euromax disclaims any intention or obligation to update or revise

any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE

Euromax Resources

View original content:

http://www.newswire.ca/en/releases/archive/June2019/24/c2701.html

%SEDAR: 00009131E

For further information:

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

President & CEO, +44 20 3918 5160, [email protected]; Martina Kostovska,

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

CO: Euromax Resources

CNW 07:25e 24-JUN-19