Europacific Metals Inc. announced the Company has filed a Technical Report for the Portuguese Barrancos Project entitled, "Geology and mineralization of the Barrancos copper-gold property, Alentejo, Portugal", (the "Technical Report"). The Technical Report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101"). The Technical Report was prepared by Marcelo Pereira, EurGeol, of Geologia e Geotecnia Consultores Lda, a Portuguese geological consulting group.

The 7320 ha Barrancos concession in southern Portugal contains several mineral deposits, two of which; the Aparis copper mine and the Lírio prospect were drilled by the Company in 2021 and 2022. From September 2021 to February 2022, the Company carried out a 4 drill-hole exploration program. This initial program targeted the Aparis copper mine mineralization with 3 holes and Lírio with 1 hole.

Drilling along the Aparis vein system intersected copper-bearing quartz-carbonate veins and polyphase breccias. Drillhole GBA2103 yielded a 12.2m intersection grading 1.18% Cu; this included a 5.5m core length grading 2.33% Cu, and a 2m section @ 5.50% Cu. The one hole at Lírio returned multiple gold mineralized intersections.

These included 3m grading 3.56 g/t Au in which a 1.5m portion assayed 6.27 g/t Au. In addition, there was a 1m section with 1.17 g/t Au and another 2m intersection grading 3.45 g/t Au. Thicknesses are drilled lengths.

The Aparis mine closed in 1975. Mining focused on a near vertical quartz-carbonate-chalcopyrite vein along a 2.5 km strike length in quartzites and phyllites, whereas in the Lírio area, the gold mineralized intervals in the one EuroPacific vertical hole were characterized by flat-lying quartz and gossanous hematite and quartz arsenopyrite veinlets.