Euromax Announces OTCQX Delisting; Appointment of VP Finance and Appointment of Broker

Euromax Announces OTCQX Delisting; Appointment of VP Finance and Appointment of Broker
  
 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 4, 2013) - Euromax Resources Ltd. (TSX-VENTURE:EOX)(OTCQX:EOXFF): ("Euromax" or the "Company") announces the following corporate developments:

Voluntary Delisting from OTCQX

The common shares of the Company will be voluntarily delisted from the OTCQX effective as of close of market on 31 December 2013. Euromax will continue to trade on the TSX Venture Exchange under the symbol EOX.

New Appointment

The Company is pleased to announce the appointment of Brett Ballintyne as VP Finance and Financial Controller, effective 2 December 2013. A chartered accountant qualified in Australia since 2006, Mr Ballintyne started his career in Perth with KPMG, working in KPMG's offices in Perth and London over a nine year period. He joined Euromax as Financial Controller in November 2012. As part of the Company's long term incentive plan, Mr Ballintyne has been awarded (i) 240,000 share options under the Company's Share Option Plan, exercisable for five years at a price of C$0.18 per share and (ii) 120,000 restricted share units ("RSUs"), under the Company's RSU Plan, subject to share price performance conditions. These LTIP awards, approved by the Company's Compensation Committee, will vest over three years and are made on similar terms to the equity incentives awarded to directors and officers in March of this year.

Appointment of Broker

The Company also announces the appointment of Mirabaud Securities LLP ("Mirabaud") to act as the Company's broker with effect from 27 November 2013. Mirabaud is a global institutional broking business with significant expertise in the mining industry and will be responsible for acting as the primary point of contact for investors in the UK and Europe. Mirabaud has been engaged for an initial term of 12 months at a quarterly fee of £7,500. The appointment is subject to the approval of the TSX Venture Exchange.

About Euromax Resources Ltd.

Euromax is a Canadian exploration and development Company with three main gold and base metal assets in Macedonia, Bulgaria and Serbia. 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.

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

Euromax Resources Ltd.Steve SharpePresident & CEO+44 (0)20 3667 [e-mail] Resources Ltd.Karen AtchisonInvestor Relations Manager+44 (0)20 3667 [e-mail] Resources Ltd.Tom PanouliasNorth American Representative+1 416 294 [e-mail] Morse, Cornelia Browne+44 (0)20 7466 [e-mail]@buchanan.uk.com