Euromax Provides Further Update on Mining Concession
T S X : E O X
www.euromaxresources.com
Euromax Provides Further Update on Mining Concession
Euromax Resources Ltd, Vancouver, September 30, 2019 ‐ (TSX: EOX): ("Euromax" or the
"Company") has received a notification from the Ministry of Economy of the Republic of North
Macedonia (“Ministry of Economy”) that the State Commission for Acting Upon Administrative
and Employment proceedings in the Second Instance (“State Commission” ) h a s r e j e c t e d t h e
C o m p a n y ’ s a p p e a l a g a i n s t t h e M i n i s t r y o f E c o n o m y ’ s R e j e c t i o n R esolution, as outlined in the
Company’s press release dated 12 th July 2019. The notification con cerns the Company’s Ilovica
6 concession and the Ilovica 11 concession remains unaffected.
The notification allows for the Company to appeal the State Commission’s decision within 30 days
via the Administrative Court of North Macedonia. Based on a strong legal case the Company
intends to submit an appeal. Other legal avenues, including International Arbitration, remain
open and these will be persued as appropriate.
Euromax Resources looks forward to resolving the situation with a l l r e l e v a n t G o v e r n m e n t
Institutions in accordance with the Minerals and Administrative Laws of North Macedonia.
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, permitting and licensing, 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 condition s “may” or “will” occur. Forwar d‐looking statements are based on the opinions and
estimates of management at the dates the statements are made, a nd 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. Reade rs 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.
For more information, please visit www.euromaxresources.com or contact:
Varshan Gokool, President & CEO
+44 20 3918 5160