Euro Sun Announces New Court Date Set FOR Hearing of Energy Transition Metals Rovina Valley Project
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EURO SUN ANNOUNCES NEW COURT DATE SET FOR HEARING OF ENERGY
TRANSITION METALS ROVINA VALLEY PROJECT
July 7, 2023
Toronto, Ontario
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) announces that a new
court date has finally been set t o hear the matter with respect to the suspension of Euro
Sun’s environmental license for the Rovina Valley Project. This development is after two
previous court dates were delayed by more than five months at the request of Asociatia
Declic, an NGO, and mor e recently, through an unfortunate strike by Romania’s judges.
News of this delay has also triggered a response from the President of the County Council
of Hunedoara in a televised interview a day ago. He stressed the strategic importance of the
Rovina Val ley Project in relation to the upliftment of the region through job creation and
stressed the government role in ensuring the Rovina Valley Project moves ahead. This will
go a long way to unlocking Europe's independence in the energy transition process whi ch
will inevitably result in the betterment of the Romanian nation and its people. The new court
date for Euro Sun to champion the Rovina Valley Project is now set for September 29 ,
2023. Management is optimistic for a positive outcome in the upcoming cour t case for Euro
Sun and the Romanian economy.
Euro Sun’s long-term investment in the Rovina Valley Project , the second biggest copper
and gold deposit in Europe, is set to propel Romania to the forefront in delivering the
essential metals necessary for Eur ope’s energy transition. In particular, the Rovina Valley
Project will have reduced environmental impact due to no cyanide use and no wet tailings.
The Rovina Valley Project will also bring about much economic relief for the Rovina area in
Romania, a region with a profound legacy in mining.
Mr. Grant Sboros, Chief Executive Officer at Euro Sun commented as follows:
“The recent delays obstructing the start of this exciting project for Romania have obviously
been unfortunate and frustrating for everyone. We do, however, remain excited and resolute
in delivering this exceptional project to benefit Romania and the entire region. The Rovina
Valley Project continues to have the backing of community leaders and remains a world -
class example of how c ommunities h ave come together to design and plan for a better
future. After attending meetings in the last two weeks with the representatives of the local
authorities, we are assured of their support for the projects future as they fully understand
the imp ortance of t he projects impact on the development of the area. We a t Euro Sun
remain extremely proud of the Rovina Valley Project, which is designed to have one of the
least environmental impacts globally, and which will put Romania at the forefront of the
green energy transition for Europe.”
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed mining company foc used 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.
Further information:
For further informa tion about Euro Sun Mining, or the contents of this press release, please
contact Investor Relations at [email protected]
Caution regarding forward-looking information:
This pre ss rele ase contains "forward -looking i nformation" wit hin the meaning of applicab le
Canadian securities legislation. Forward -looking information incl udes, w ithout limitation,
statements regarding the timing of c ourt dates; outcome of litigation with respect to the R VP;
Europe’s energy transition and demand for energy metals ; environmental impact of the RVP ;
and development of the RVP. For ward-looking in formation is subject to known a nd unknown
risks, u ncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of t he Company t o be materially different from those expresse d
or implied by s uch forward-looking information, including ris ks inherent i n the mining industry
and risks described in the public disclosure of th e Company which is available under the profile
of t he Company o n SEDAR at www.sedar.com and on the Com pany's website
at www.eurosunmining.com. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from tho se contained in forward -looking
information, there may be other factors that cause results not to be as anticipated, est imated or
intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ mate rially from those anticipated in such stateme nts.
Accordingly, readers should not place undue reliance on fo rward-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.