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ESM.TO ·

Euro Sun Announces 2020 Annual Meeting Results

Shareholder Meetings

1

66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto ON M5K 1E6, Canada.

EURO SUN ANNOUNCES 2020 ANNUAL MEETING RESULTS

July 31, 2020

Toronto, Ontario

Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) reports, in accordance

with the policies of the Toronto Stock Exchange, that the nominees listed in the

Management Information Circular dated July 3, 2020 (the “Circular”) for the 2020 Annual

Meeting of shareholders of the Company (the “ Meeting”) were elected as directors of the

Company. 40.33% of all of the issued and outstanding shares of the Company were

represented at the Meeting.

Detailed results of the vote for the election of directors held at the Meeting on July 31, 2020

in Toronto, Ontario are set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on

the following vote.

% Votes For % Votes Withheld

G. Scott Moore 61.93 38.07

David C. Danziger 92.55 7.45

Daniel Callow 95.64 4.36

Eva Bellissimo 89.47 10.53

Bruce Humphrey 92.07 7.93

Peter Vukanovich 98.04 1.96

Paul J. Perrow 98.20 1.79

Shareholders at t he annual meeting also approved the appointment of the Company's

auditors.

Following the filing and mailing of the Circular, the board of directors of the Company

determined to withdraw the resolutions approving the Company’s stock option plan and the

changes to the deferred share unit plan given the feedback from ISS and Glass Lewis and

the fact that the board has retained a consultant to review the compensation policies of the

Company. Accordingly, those resolutions were not be put to shareholders at the Meeting.

Euro Sun’s board would like to express its gratitude to its shareholders for their continued

support.

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration

and development of its 100%-owned Rovina Valley gold and copper project located in west-

central Romania, which hosts the second largest gold deposit in Europe.

For further information about Euro Sun Mining, or the contents of this press release, please

contact Investor Relations at [email protected]

Caution regarding forward-looking information:

This press release contains "forward-looking information" within the meaning of applicable Canadian

securities legislation. Forward-looking information includes, without limitation, statements regarding

the election of directors and the Company’s stock option plan and deferred share unit plan. Forward-

looking information is subject to known and unknown risks, uncert ainties and other factors that may

cause the actual results, level of activity, performance or achievements of the Company to be

materially different from those expressed or implied by such forward- looking information, including

risks inherent in the mining industry and risks described in the public disclosure of the Company

which is available under the profile of the Company on SEDAR at www.sedar.com and on the

Company's website at www.eurosunmining.com. Although the Company has attempted to identify

important factors that could cause actual results to differ materially from those contained in forward -

looking information, there may be other factors that cause results not to be as anticipated, estimated

or intended. There can be no assurance that such information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward- looking information. The Company

does not undertake to update any forward-looking information, except in accordance with applicable

securities laws.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.