Verdict ON Euro Sun Mining’S Environmental Case Delivered
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VERDICT ON EURO SUN MINING’S ENVIRONMENTAL CASE DELIVERED
October 30, 2023
Toronto, Ontario
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) announces that the
Cluj-Napoca district court (the “ Court”) delivered a judgement today requiring the
Company to re-apply for their Environmental Endorsement for the Rovina Valley Project
(the “Project’).
The Court ruled that the Environmental Resources Management’s certificate ( “ERM
Certificate”) issued by The Ministry of Environment was not valid at the time when the
Company’s environmental report was submitted for obtaining the Environmental
Endorsement.
The Company will not appeal this judgement and will now work on preparing new
documentation for obtaining an Environmental Endorsement.
Commenting on this judgement, CEO of Euro Sun Mining , Mr . Grant Sboros, said
“Although the verdict delivered was disappointing , Euro Sun will now re-submit the
necessary technical documentation. The Company had prepared contingency plans for
this possible outcome and remains resolute that the necessary certification will now be
processed in due course. I wish to again thank our shareholders and senior leadership for
their ongoing support as we work tirelessly to deliver this exceptional and vital European
project.”
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 outcome of litigation with respect to the Project; re-submission of
technical documentation; 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 th at 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.