Euro Sun Closes Third Tranche of Private Placement Financing

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EURO SUN CLOSES THIRD TRANCHE OF PRIVATE PLACEMENT

FINANCING

February 7, 2025

Toronto, Ontario

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “ Company”) is pleased to announce

that it has closed a third tranche (the “ Third Tranche”) of its previously announced non-

brokered private placement financing of units of the Company (the “ Offering”). Pursuant to the

closing of the Third Tranche, the Company issued 5,700,900 units of the Company (each a

“Unit” and collectively, the “ Units”) at a price of C$0.05 per Unit for gross proceeds of

C$285,045.00. Each Unit consists of one common share of the Company (each, a “ Common

Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will entitle

the holder to acquire one additional Common Share of the Company at an exercise price of

C$0.05 per Common Share until two years from the issue date.

In connection with closing of the Third Tranche, the Company paid an aggregate amount of

$3,500 cash commissions and 170,000 broker warrant’s (the “ Broker Warrants”) to finder s.

Each Broker Warrant will entitle the holder thereof to purchase one Common Share at a price of

$0.05 for a period of 24 months from the date of the closing of the Third Tranche.

Euro Sun intends to use the proceeds of the Offering for the advancement of its Rovina Valley

Project and for general corporate purposes.

The securities issued under the Third Tranche are subject to a hold period that expires four

months plus one day from the date of issuance. The Company has received conditional

approval from the TSX to extend the closing date of the Offering until February 13, 2025.

About Euro Sun Mining Inc.

Euro Sun Mining is a publicly listed development-stage mining company focused on unlocking

value through the responsible development of the Rovina Valley Project, one of Europe’s largest

copper gold projects.

Further information:

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 closing of the Third Tranche, closing of further tranches under the

Offering and use of proceeds of the Offering. Forward-looking information is subject to known

and unknown risks, uncertainties 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.sedarplus.ca 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of

the securities in the United States. The securities have not been and will not be registered

under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any

state securities laws and may not be offered or sold within the United States or to, or for the

account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such

registration or an applicable exemption from such registration requirements.