Euro Solar Broadcasts $2.15 Million Non-public Placement

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NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) — Euro Solar Mining Inc., (TSX: ESM) (“Euro Solar” or the “Firm”) is happy to announce that it intends to finish a non-brokered personal placement financing of as much as 43,000,000 items of the Firm (the “Items”) at a value of C$0.05 per Unit for gross proceeds to the Firm of as much as roughly C$2.15 million (the “Providing”). Every Unit will consist of 1 frequent share of Euro Solar and one share buy warrant of Euro Solar (“Warrant”). Every Warrant will likely be exercisable to accumulate one frequent share of Euro Solar at a value of C$0.05 per share for twenty-four months from the closing of the Providing.

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Closing of the Providing is anticipated to happen on or about December 13, 2024 and should shut in a number of tranches. All securities issued in reference to the Providing will likely be topic to a statutory maintain interval of four-months and sooner or later. Completion of the Providing is topic to quite a lot of circumstances, together with with out limitation, receipt of Toronto Inventory Trade approval.

Euro Solar intends to make use of the proceeds of the Providing for basic company functions.

The Firm could pay finder’s charges to eligible finders in accordance with the insurance policies of the Toronto Inventory Trade.

About Euro Solar Mining Inc.

Euro Solar is a Toronto Inventory Trade listed mining firm centered on the exploration and growth of its 100%-owned Rovina Valley gold and copper venture positioned in west-central Romania, which hosts the second largest gold deposit in Europe.

Additional data:

For additional details about Euro Solar Mining, or the contents of this press launch, please contact Investor Relations at information@eurosunmining.com.

Warning relating to forward-looking data:

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This press launch comprises “forward-looking data” throughout the which means of relevant Canadian securities laws. Ahead-looking data consists of, with out limitation, statements relating to the Providing and use of proceeds of the Providing. Ahead-looking data is topic to identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking data, together with dangers inherent within the mining trade and dangers described within the public disclosure of the Firm which is out there beneath the profile of the Firm on SEDAR at www.sedarplus.ca  and on the Firm’s web site at www.eurosunmining.com. Though the Firm has tried to establish vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There could be no assurance that such data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The Firm doesn’t undertake to replace any forward-looking data, besides in accordance with relevant securities legal guidelines.

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The TSX doesn’t settle for duty for the adequacy or accuracy of this information launch.

This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any of the securities in america. The securities haven’t been and won’t be registered beneath america Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities legal guidelines and is probably not provided or offered inside america or to, or for the account or good thing about U.S. individuals (as outlined in Regulation S beneath the 1933 Act) absent such registration or an relevant exemption from such registration necessities.

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