Euro Sun Reports Positive Developments Related to the Mining Licen Ce Ratification FOR Its Rovina Valley Project, Romania Investor Conference Call to Be Hosted ON Thur Sday
EURO SUN REPORTS POSITIVE DEVELOPMENTS RELATED TO THE
MINING LICEN CE RATIFICATION FOR ITS ROVINA VALLEY
PROJECT, ROMANIA
INVESTOR CONFERENCE CALL TO BE HOSTED ON THUR SDAY, NOVEMBER 2, 2017, AT 11:00 A.M .
ET
October 30, 2017
Toronto, Ontario
Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to report positive
developments related to the ratification of its wholly owned gold and copper Rovina Valley
Project (the “Project”) in Romania. The National Agency for Mineral Resources (“NAMR”) today
has publicly issued documents related to the Rovina Valley Project, including the draft
government approval and a substantiation note for the mining licence approval.
Furthermore, following the recent implementation of improved transparency policies, NAMR will
be publishing all docu ments related to the mining licence, including the Company’s
environmental reform plan, the technical report related to environmental reclamation, as well as
the social impact study and the social impact assistance plan.
The new president of NAMR has expressed full support for the Project, and the signatory stage
of the mining licence ratification is expected to begin following a designated 10-day commentary
period. No further public audiences are to be held.
Scott Moore, President and CEO of Euro Sun stated: “ In a recent meeting held with the new
President of NAMR, the agency acknowledged the importance of the Rovina Valley Project for
Romania and indicated their willingness to support the project and work diligently to expedite its
development. We feel very positive about the increased transparency in the permitting process
and the issuance of all key documents relating to approval of the Mining Licen ce by NAMR. We
will be meeting all ministers in the coming weeks to ensure a smooth and rapid completion of
the process.”
Investor Conference Call Details
Euro Sun invites you to participate in a conference call to be held Thursday, November 2, 2017
at 11:00 a.m. Eastern Time to discuss the recent news regarding the permitting advancements
as well as to provide a general corporate update. The call will be hosted by Stan Bharti,
Chairman, Scott Moore, President and CEO and Brad Humphrey, Vice -President of Corporate
Development. A question and answer period will follow the call.
Date: Thursday, November 2, 2017
Time: 11:00 a.m. ET
Local and International: 1-647-427-2311
North American Toll Free: 1-866-521-4909
Participation code: 2895027
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. The property hosts 10.84 million gold equivalent ounces (7.19 mil lion ounces of gold
grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%*), making it the second
largest gold deposit in Europe.
*Notes Related to the Mineral Resource Estimate : Gold equivalent ounces (“AuEq”) are
determined by using a gold price of US$1,370/oz and a copper price of US$3.52/lb. These
prices are the three -year trailing average as of July 10, 2012. Metallurgical recoveries are not
taken into account for AuEq. Base case cut-off used in the table are 0.35 g/t AuEq for the Colnic
deposit and 0.25% CuEq for the Rovina deposit, both of which are amenable to open -pit mining
and 0.65 g/t AuEq for the Ciresata deposit which is amenable to underground bulk mining. For
the Rovina and Colnic porphyries, the resource is an in-pit resource derived from a Whittle Shell
Model using gross metal values of $1,350/oz Au price and $3.00/lb Cu price, net of payable
amounts after smelter charges and royalty for net values of US$1,313/oz Au and US$2.57/lb Cu
for Rovina and US$2.27/Ib Cu for Colnic). Rounding of tonnes as required by reporting
guidelines may result in apparent differences between tonnes, grade, and contained metal
content.
Qualified Person
The mineral resources stated in this press release have been reviewed and approved by Mr.
Pierre Desautels, P.Geo. Principal Resource Geologist of AGP, who served as the independent
Qualified Person as defined by National Instrument 43 -101, responsible for pre paring the
Mineral Resource Estimate and Technical Report dated August 30, 2012.
Further information:
For further information about Euro Sun Mining, or the contents of this press release, please
contact Investor Relations at [email protected] or +1 416.309.4299.
Caution regarding forward-looking information:
This press release contains "forward -looking information" within the meaning of applicable Canadian
securities legislat ion. Forward -looking information includes, without limitation, statements regarding
permitting advancements . Forward -looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of acti vity, 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 whi ch 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 informatio n, except in accordance with
applicable securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.