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09/12/2011

EurOmax CEO says it has a “substantial inferred resource base” of 5.8Moz gold

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Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: EOX
Latest Price: C$0.20  (-4.76% Descending)
52-week High: C$0.40
52-week Low: C$0.15
Market Cap: C$33.32M
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EurOmax Resources
www.euromaxresources.com

EUROMAX RESOURCES LIMITED is a Canadian company focused on gold and copper exploration in the resource rich region of Bulgaria, Macedonia and Serbia. Our technical excellence, local expertise and international contacts have made us one of the most successful exploration companies in Southeastern Europe.

Our aim is to explore high-quality, potentially world class gold and copper systems, then partner with local or international companies that have the financial and technical resources to develop them, thereby generating long-term value for EurOmax shareholders.

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EurOmax Resources' shareholders re-elect board members

2nd Jun 2011, 2:08 pm by Deborah Sterescu

Canada-based mineral explorer EurOmax Resources (CVE:EOX) said Wednesday that company CEO Mark Gustafson, chairman John Nugent, Randal Matkaluk and Donald Siemens were re-elected to its board of directors, following an annual general meeting for shareholders held yesterday.

In addition, Gustafson and Nugen were each re-appointed to their roles of president and CEO, and executive chairman, respectively. Meanwhile, Aurora Davidson has been re-instated as CFO, and appointed as corporate secretary.

"On behalf of the board of directors, we thank the shareholders who voted 41 million shares (99% of shares cast) to support the continued mandate for the company," said Nugent.

"We are proceeding actively with our drilling and geophysical programs announced on May 3 and look forward to the results of our 2011 exploration program in Southeastern Europe.”

EurOmax has a number of precious and base metal projects in Southeastern Europe, specifically in Bulgaria, Serbia and Macedonia.

The four projects it will work on this year include the Trun gold property in Bulgaria; the Ilovitza copper-gold porphyry project in Macedonia; KMC in Serbia; and the Breznik gold-silver property in Bulgaria.

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