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TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is delighted to announce that, further to the Company’s press release dated June 20, 2025 (the “June 20 Release”) respecting a financing term sheet, the Company has entered into a pre-development facility agreement dated July 10, 2025 (the “Facility Agreement”) with Trafigura Pte Ltd. (the “Lender”), pursuant to which the Lender has made available a facility of up to US$2.5m (the “Facility”). The Company intends to draw down from the Facility for general corporate purposes while it negotiates the definitive agreement for the copper concentrates prepayment facility of up to US$200m (the “US$200m Facility”) previously referenced in the June 20 Release.

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Mr. Grant Sboros, CEO of Euro Sun, commented: “I am very pleased to announce that we have now signed the definitive facility agreement for a portion of the facility referenced in our previous press release. This is a critical step forward in strengthening our financial foundation and advancing our strategic growth plans. With this financing in place, we are securing the stability and resources needed to negotiate the definitive agreement for the larger US$200m facility to drive forward development of our Rovina Valley copper-gold project.”

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Other Terms

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As of the date of this press release, the Company has delivered drawn down utilization requests for the full US$2.5m under the Facility; drawdowns shall be repayable on or (in certain circumstances) prior to June 30, 2027. Subject to a capitalization option, interest is payable quarterly by the Company on the outstanding amount owing under the Facility, calculated based on a market rate of interest.

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Offtake Agreement

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The Company has also entered into a binding offtake agreement (the “Offtake Agreement”) dated July 10, 2025, with the Lender providing for offtake volumes of up to 100% of commercial production for nine years or until minimum aggregate quantities of specified tonnages have been delivered. Pursuant to the Offtake Agreement, certain of the Lender’s rights to offtake volumes and minimum aggregate quantities of specified tonnages shall continue after prepayment or repayment of the Facility.

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The proposed transactions described in the Facility Agreement and Offtake Agreement (the “Transactions”) are arm’s length for purposes of the policies of the Toronto Stock Exchange. Except as described in the June 20 Release respecting the Settlement (as defined in the June 20 Release), no finder’s fees are payable in connection with the Transactions.

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Address Change

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We are also pleased to announce that the Company has relocated its registered and head office to 289 Courtland Avenue, Vaughan, Ontario, Canada L4K 4W9. This new location, which also serves as the office of the Company’s chairman, Carlo LiVolsi, better aligns with the Company’s current leadership and operational focus.

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About Euro Sun Mining Inc.

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Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Project located in west-central Romania, which hosts the second largest copper & gold deposit in Europe. Already granted European strategic status, the Rovina Valley Project is expected to unlock much needed investment and job creation in Hunedoara County and will deliver critical minerals necessary for Europe’s green energy transition.