Euro Sun Mining Issues US$200,000 Promissory Note and Grants Exclusivity

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Euro Sun Mining Issues US$200,000 Promissory Note and Grants

Exclusivity

April 29, 2024

Toronto, Ontario

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

it has issued a convertible promissory note (the “Note”) to John Robins and James Paterson (the

“Lenders”) providing for a principal amount of US$ 200,000 (the “ Principal Amount ”) and

maturing on April 22, 2025. The Note bears interest at 6% per annum, compounded monthly, and

is secured against all of the assets and property of the Company pursuant to a n amended and

restated general security agreement. The Principal Amount and all interest accrued thereon is

convertible into common shares of the Company (the “ Conversion Shares”) at a price of $0.06

per Conversion Share, subject to the approval of the Toronto Stock Exchange.

Euro Sun intends to use the Principal Amount for working capital costs in Canada and Romania.

The Note (along with the promissory notes issued pursuant to the press releases dated March 1,

2024 and April 2, 2024) are issued pursuant to a letter of intent between the Company and the

Lenders. Provided that the Lenders issues an advance of US$200,000 every 30 day period (a

“Subsequent Advance”), up to a maximum of five Subsequent Advances, the Company shall

grant a 30-day exclusivity period to the Lenders to negotiate a further financing.

All Conversion Shares issued under the Promissory Note are subject to a hold period of four

months and one day from the date of issuance.

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.

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, any

Subsequent Advances or further financing with the Lenders; issuance of the Conversion Shares

and use of proceeds of the Principal Amount. 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 dif ferent 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.

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 of the Company 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