Euromax Announces Ilovica Feasibility Study Results

Euromax Resources Ltd. Vancouver, 6th January 2016 (TSX-V: EOX): ("Euromax" or the "Company") is pleased to announce the results of the Feasibility Study ("FS"), for its 100% owned Ilovica gold-copper porphyry project in Macedonia (the "Project").

The FS supports the economic robustness of the Project previously indicated by the Pre-Feasibility Study and, through the optimization of the processing flow sheet and a more precise level of costing, demonstrates significant reductions in both capex and operating costs, and a consequential increase in the IRR.

 Feasibility Study Highlights

For more information, please visit www.euromaxresources.com or contact:

Steve Sharpe, President & CEO +44 (0)20 3667 2970 ssharpe@euromaxresources.co.uk

Patrick Forward +44 (0)20 3667 2970 pforward@euromaxresources.co.uk