Ilovitza Inferred Resource Estimate: 303 Million Tonnes Containing 1.6 Billion Pounds Of Copper Plus 2.9 Million Ounces Of Gold

VANCOUVER CANADA: EurOmax Resources Limited (TSX-V: EOX) is pleased to announce  is it has received the results of an independent Mineral Resource estimate by Broad Oak Associates of Toronto, Ontario (�Broad Oak�) on the Ilovitza copper-gold-molybdenum project in Macedonia.  The results conclude that the Ilovitza deposit contains an inferred resource of  303 million tonnes grading 0.23% copper, 0.31 grams per tonne gold and 0.005% molybdenum. This resource contains approximately 1.6 billion pounds of copper, 2.9 million ounces of gold and 3.5 million pounds of molybdenum.  In copper equivalent terms this equals 3.5 billion pounds of copper. 
 
John Menzies, Chairman & CEO commented, �This is an excellent first step for Ilovitza.  It is arguably one of the largest undeveloped copper-gold resources in Europe. It is ideally located for development being close to rail, a port and two smelters including one of the most efficient in Europe.  Our focus will now be to continue Diamond drilling particularly to the NW of the resource where we have an untested high order magnetic anomaly with a gold and copper soil anomaly downslope.  We believe this area has potential for significantly higher grades which is confirmed by a short hole drilled on the edge of the feature that contains the highest copper-gold grade at Ilovitza�
 
EurOmax will file on SEDAR within 45 days this NI 43-101 compliant report.
 
Highlights
 
Broad Oak�s  Mineral Resource Statement confirms:

• An inferred resource of 303 million tonnes grading 0.23% copper, 0.31 g/t gold and 0.005% molybdenum containing approximately 1.6 billion pounds of copper, 2.9 million ounces of gold and 34.6 million pounds of molybdenum, below the base of oxidation.
  
• An inferred resource of 41 million tonnes grading 0.26 grams per tonnes containing 326,000 ounces of gold above the base of oxidation. 
  
• The resource estimation process has also highlighted that while the deposit is open in all directions particular attention should be paid to drilling to the north and west.

See the Full Press Release here

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On Behalf of the Board of Directors

�John C. Menzies�
Chairman and CEO