Verdict ON Euro Sun Mining’S Evironmental Case to Be Delivered End of October

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VERDICT ON EURO SUN MINING’S EVIRONMENTAL CASE TO BE DELIVERED

END OF OCTOBER

October 16, 2023

Toronto, Ontario

Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) announces that the

Cluj-Napoca district court (the “Court”) has notified parties that it will require an additional

time to deliver its verdict on the annulment of the Company’s environmental endorsement

for the Rovina Valley Project (the “Project”).

Further to the Company’s press release dated October 3, 2023, the matter was heard at

the Court on September 29, 2023 and a verdict was anticipated on October 16, 2023.

However, the Court exercised its discretion to postpone the verdict for an additional two

weeks as it required more time to complete the verdict. The Company looks forward to a

positive outcome as a result of its extensive legal arguments presented to the Court.

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,

statements regarding the timing of court dates and decisions; outcome of litigation with respect

to the Project; environmental impact of the Project; anticipated economic benefits of the

Project and development of the 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 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.