Euro Sun Mining Inc. announced non-brokered private placement of up to 20,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on March 23, 2023. Each Unit will consist of one common share and one-half common share purchase warrant. Each Warrant will be exercisable to acquire one common share at a price of CAD 0.075 per share for 24 months from the closing of the Offering.

Closing of the transaction is expected to occur on or about April 14, 2023 and may close in one or more tranches. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of Toronto Stock Exchange approval.

The Company may pay finder's fees to eligible finders in accordance with the policies of the Toronto Stock Exchange.