Euromax Resources Step Out Drill Hole Intersects 3.03 g/t Gold Over 2.6 Metres, 80 Metres Below Existing Resource

Euromax Resources (OTC Other: EOXFF; TSX-V: EOX) has results from the Company’s first drill hole to test the recently identified magnetic low and chargeability high to the south of the currently outlined resource at the Company’s 100% controlled Breznik project in western Bulgaria.  To this end, drill hole BR-882 intersected 3.03 grams per tonne gold, 8.9 grams per tonne silver and 2.01% zinc over a vein interval of 2.6 metres from a depth of 238 metres down hole, approximately 80 metres deeper than previously intersected veins. 

In May 2011, the Company applied for a Commercial Discovery Certificate at Breznik, which is the first step in the granting of a mining.  Approval is expected in late 2011 or early 2012, which puts the Company in an excellent position to seek a partner and advance toward production.

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