Euro Sun Mining Confirms Validity of Mining Licence and Option to Extend

1

EURO SUN MINING CONFIRMS VALIDITY OF MINING LICENCE AND OPTION TO

EXTEND

21 June 2024

Bucharest, Romania

BUCHAREST, Romania, June 21, 2024 (GLOBE NEWSWIRE) – Following recent inquiries, Euro Sun

Mining Inc., (TSX: ESM) (“Euro Sun” or the “ Company”) through its wholly owned Romanian

subsidiary, SAMAX Romania S.R.L. , wishes to confirm that the mining license for the Rovina

Valley Project is valid for 20 years from when it was issued in November 2018. Furthermore,

Euro Sun Mining also has the option, subject to the terms of the licence, to extend this license

after 2038 if required.

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.

The Rovina Valley Project supports a circular economy by unlocking much needed investment

and job creation in Hunedoara County and, delivers critical minerals necessary for Europe’s green

energy transition. The Rovina Valley Project adopts the latest in modern mining environmental

methodology and uses no cyanide or wet tailings in processes.

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 mining license for the Rovina Valley Project ; and development of the

Rovina Valley Project. 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.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 o r 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.