EurOmax Intersects 86 Meters at 1.76 Grams Per Tonne Gold at Its Trun Gold Project, Bulgaria

EurOmax Resources Ltd. (TSX VENTURE:EOX)(OTCQX:EOXFF) ("EurOmax" or, the "Company") is pleased to announce results from the twenty-five latest drill holes at its 100% controlled Trun Gold Project, Bulgaria. Results include 86 meters at 1.76 grams per tonne gold starting at surface in diamond drill hole MTC-1174A from the Ruy Zone. Drilling has also produced encouraging near-surface gold intercepts from the Logo Zone. Diamond drill holes MTC-11115 and MTC-11116 encountered 24.1 meters at 3.03 grams per tonne gold and 25.1 meters at 4.10 grams per tonne gold, respectively. Both intercepts start at surface.

"In 2011, we drilled approximately 10,600 meters at Trun, in part to meet drilling requirements in order to apply for a commercial discovery certificate this July," commented Dr. Quinton Hennigh, Chief Geologist of EurOmax. "Drill results at Trun have continued to produce several significant intercepts, from which we have developed a very focused 6,000 meter drill program for this year. The 2012 program is expected to be completed by the end of April, which allows the results to be included in the commercial discovery certificate application."

Summary of Results from Big Hill (Northern Area of Trun Property)

Ruy Zone

--  Diamond drill hole MTC-1174A, a vertical hole testing the Ruy Zone,
    intersected 86 meters at 1.76 grams per tonne gold. This hole was
    collared approximately 5 meters west of hole MTC-1174 (87 meters at 2.14
    grams per tonne gold announced in a news release dated June 14, 2011)
    which was oriented in a westerly direction with an inclination of -70
    degrees. Analysis of these intercepts suggests the Ruy Zone may be
    dipping moderately to the east. 
    
--  Diamond drill holes MTC-11101 and MTC-11101A are situated approximately
    100 meters northwest of hole MTC-1174A and were drilled in an easterly
    direction with an inclination of -60 degrees. Hole MTC-11101 failed in
    bad ground, but MTC-11101A successfully penetrated the Ruy Zone
    intersecting 26 meters at 1.52 grams per tonne gold. Gold mineralization
    was encountered further down hole than expected indicating the Ruy Zone
    may strike closer to north rather than the north-northwest orientation
    previously believed. 
    
--  Diamond drill holes MTC-11104, MTC-11117 and MTC-11120, all situated
    approximately 80 meters northwest of hole MTC-11101A, failed to
    intersect significant mineralization. Given that the Ruy Zone is now
    recognized to have a more northerly strike and moderate dip to the east
    as ascertained from other recent holes described above, all three of
    these holes are believed to have been drilled in the barren footwall of
    the zone. 

Logo Zone

--  Diamond drill holes MTC-11115 and MTC-11116 encountered 24.1 meters at
    3.03 grams per tonne gold and 25.1 meters at 4.10 grams per tonne gold,
    respectively. Both intercepts start at surface, and are along the
    southwestern margin of the Logo resource area. These results suggest
    there might be significant near-surface mineralization in this area that
    has previously been overlooked.  
    
--  Diamond drill holes MTC-11105, MTC-11107, MTC-11109, MTC-11111, MTC-
    11113 and MTC-11122 test areas surrounding the Logo resource on the
    eastern, southern and southwestern sides and were drilled to look for
    extensions of mineralization. MTC-11113 encountered 26.1 meters at 0.59
    grams per tonne gold. 
    
--  Based upon recent re-logging of all drill core from the Logo resource,
    the geometry of this zone has been reinterpreted. Mineralization now
    appears to be controlled by a moderately northeast-plunging recumbent
    fold in the metamorphic host rocks rather than forming stacked, sheet-
    like bodies as previously believed.  

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Summary of Drill Results from Big Hill (Northern Area)                      
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                      From        To    Length      Gold    Length      Gold
Hole                   (m)       (m)       (m)     (gpt)      (ft)     (opt)
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Ruy Zone                                                                    
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MTC-1174A              0.0      86.0      86.0      1.76       282     0.051
includes               0.0      11.0      11.0      4.04        36     0.118
and                   31.5      43.5      12.0      2.94        39     0.086
MTC-11101             62.5      77.5      15.0      1.24        49     0.036
hole failed in bad ground                                                   
MTC-11101A            37.5      47.5      10.0      0.70        33     0.020
and                   72.5      98.5      26.0      1.52        85     0.044
MTC-11104       No Significant Values                                       
MTC-11117       No Significant Values                                       
MTC-11120       No Significant Values                                       
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Logo Zone                                                                   
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MTC-11105       No Significant Values                                       
MTC-11107       No Significant Values                                       
MTC-11109             14.1      18.0       3.9      1.00        13     0.029
MTC-11111       No Significant Values                                       
MTC-11113             99.0     125.1      26.1      0.59        86     0.017
MTC-11115              0.0      24.1      24.1      3.03        79     0.088
includes               7.7      18.9      11.2      4.91        37     0.143
MTC-11116              0.0      25.1      25.1      4.10        82     0.120
includes               3.0      16.0      13.0      6.57        43     0.192
MTC-11119       No Significant Values                                       
MTC-11122             35.0      37.2       2.2      1.85         7     0.054
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Summary of Results from Little Hill (Southern Area of Trun Property)

Zlata Zone

--  Diamond drill holes MTC-11102, MTC-11103, MTC-11106, MTC-11108, MTC-
    11110, MTC-11112, MTC-11114, MTC-11118 and MTC-11121 test the northern
    600 meters strike of the Zlata Zone. All holes are drilled in an
    easterly direction and target shallow mineralization. With the exception
    of MTC-11110, all of these holes intersected significant mineralization.
    Most holes encountered a void, typically 2-3 meters wide, left by
    historic mining operations on the Zlata Vein. 
    
--  Of particular note, hole MTC-11114 intersected 28 meters at 1.92 grams
    per tonne gold including 3.7 meters at 10.52 grams per tonne gold. This
    hole intersected a pillar of intact vein material, hence the much higher
    grades. The Zlata Vein was mined to depths of approximately 150 meters
    and was continuously stoped over a strike length of approximately 1,400
    meters. This vein remains open at depth.  

K2 Zone

--  Diamond drill hole MTC-11100, a single hole testing the extension of the
    K2 Zone, intersected 14.7 meters at 0.58 grams per tonne gold. This is
    the final hole planned at K2, since sufficient information now exists to
    include K2 in the Trun commercial discovery application. 

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Summary of Drill Results from Little Hill (Southern Area)                   
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                      From        To    Length      Gold    Length      Gold
Hole                   (m)       (m)       (m)     (gpt)      (ft)     (opt)
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Zlata Zone                                                                  
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MTC-11102             33.0      35.7       2.7      1.81         9     0.053
and                   45.0      54.0       9.0      0.51        30     0.015
MTC-11103            124.2     134.8      10.6      0.80        35     0.023
and                  145.5     148.1       2.6      1.68         9     0.049
MTC-11106             65.2      74.0       8.8      0.75        29     0.022
MTC-11108             83.0      86.1       3.1      1.57        10     0.046
and                  100.4     104.4       4.0      1.36        13     0.040
MTC-11110       No Significant Values                                       
MTC-11112             56.5      74.0      17.5      0.82        57     0.024
MTC-11114             75.8     103.8      28.0      1.92        92     0.056
includes              91.8      95.5       3.7     10.52        12     0.307
MTC-11118            106.0     114.5       8.5      1.93        28     0.056
MTC-11121             92.5     103.8      11.3      1.21        37     0.035
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K2 Zone                                                                     
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MTC-11100             17.0      31.7      14.7      0.58        48     0.017
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Commercial Discovery Application

The commercial discovery certificate application for Trun will include all drilling and metallurgical results to the end of April, a final exploration report, a preliminary scoping study, a preliminary environmental impact assessment, detailed maps for the area covered by the application, letters to the municipality, and opinions from the various governmental agencies and interested parties. All of these documents will provide the basis for the formal application to be submitted in early July. Management believes that all of this documentation required for the application will be complete by the end of June. This is the same process that was followed for the Breznik commercial discovery application in 2011.

About the Trun Gold Project, Bulgaria

Gold mineralization at Trun is associated with large granite and syenite stocks that intrude a broad anticline of metamorphic rocks. The geologic setting and styles of mineralization display striking similarities to that of "tombstone-type" gold deposits in the Tintina Gold Belt of the Yukon and Alaska including the Ft. Knox gold deposit, Alaska and the Eagle gold deposit, Dublin Gulch, Yukon. EurOmax has 100% control over approximately 67 square kilometers centered on the Big Hill and Little Hill granite intrusions, each with multiple associated gold-in-soil anomalies.

Quality Control and Quality Assurance

Drill core was logged, cut and sampled by EurOmax personnel at the Company's sample preparation facility in Bulgaria. Samples were prepared and assayed by SGS Chelopech Laboratory in Bulgaria. SGS Chelopech follows SGS Global methods and procedures and has stringent quality control and assurance practices. Dr. Roger Moss, the qualified person for Trun, has visited the SGS Chelopech facilities and is satisfied that the sample preparation and assay procedures are consistent with industry best practices.

Gold was assayed by fire assay followed by atomic absorption (FA/AA). Quality control samples, including duplicates, standards and blanks, were submitted by EurOmax.

Roger Moss, Ph.D., P.Geo., a member of the EurOmax Technical Advisory Board and a "qualified person" as defined by NI43-101, supervised the preparation of the technical information contained in this news release.

About EurOmax Resources Ltd.

EurOmax is a Canadian company with three core properties in Bulgaria, Serbia and Macedonia. We are focused on identifying, acquiring and developing mineral resources in Southeastern Europe with the objective of becoming a world-class mining company in the region. Our strength is our local staff, knowledge and technical expertise in Bulgaria, Serbia and Macedonia.

This news release contains forward-looking statements including but not limited to statements regarding resource estimates, mining concession applications, drilling and drilling results and geological interpretations by the Company for its Trun project. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company's current beliefs and assumptions made by the Company, including that the key assumptions and parameters on which such resource estimates and drilling and geological interpretations are based are reasonable. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, that actual results of exploration activities will be different than anticipated, data and assumptions underlying the resource estimate or drilling and geological interpretations may prove to be inaccurate, incomplete or to have been incorrectly interpreted, delays in receiving assays, the general risk of unexpected variations in mineral resources, and grade or recovery rates. Readers are also encouraged to review all Company documents filed with the securities authorities in Canada, including the Management Discussion and Analysis in respect of the Company's recent financial statements under the heading "Operational and Other Business Risks", which documents describe material factors and assumptions and risks that apply to the forward-looking statements in this release. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view the maps associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/764200_fig_1.pdf

http://media3.marketwire.com/docs/764200_fig_2.pdf

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: San Diego Torrey Hills Capital [phone] www.torreyhillscapital.com EurOmax Resources Ltd. Mark Gustafson President & CEO (604) [e-mail] www.euromaxresources.com