Euromax Resources Ltd. - Vancouver, 29th April 2016 (TSX-V: EOX): ('Euromax' or the 'Company'), is pleased to announce that it has entered into a convertible loan agreement (the 'Convertible Loan Agreement') with the European Bank for Reconstruction and Development (the 'EBRD') for an investment of US$5 million in respect of funding of the ongoing pre-development of the Ilovica project in the FYR Macedonia.

Euromax is also pleased to announce that it has also entered into definitive transaction documentation for a convertible loan of C$5.2 million, as the first tranche of a proposed investment of up to US$30 million and a strategic alliance with CC Mining S.A. ('CCM') which is related to Consolidated Contractors Company Group ('CCC Group'), as previously announced on 8 April 2016. Euromax also announces the appointment of Peel Hunt LLP as its European Broker. The appointment will encompass working in collaboration with the Company's brokers in North America to support an intensive marketing programme over the coming year aimed at raising awareness of the Company and the Ilovica Project.

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Proposed Funding Package and Formation of Strategic Relationship With CCC