Mr. Paul Kuhn reports

AVRUPA MINERALS PRIVATE PLACEMENT FULLY SUBSCRIBED AT $510,000

Avrupa Minerals Ltd.'s private placement, as announced on June 17, 2026, has been fully subscribed and increased to raise $510,000 by way of issuing 10.2 million units at five cents per unit. The proceeds of the private placement financing will be used to finance exploration at its copper-focused projects in Finland, continuing operations in Portugal and working capital. Avrupa also holds the Slivova gold project in Kosovo, which is currently under option to a third party who manages and finances the project. The offering will close in the next 10 days.

Private placement

Subject to the approval of the TSX Venture Exchange, the company has raised $510,000 by way of a non-brokered private placement offering by issuing 10.2 million units at a price of five cents.

Each unit will be composed of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 10 cents per common share, for a period of 36 months from the date of closing of the offering. Finders' fees of 7.5 per cent in cash will be paid to eligible parties.

Closing of the offering is subject to all applicable regulatory approvals, including the approval of the exchange. All securities are subject to a hold period of four months and one day in accordance with applicable securities laws.

Avrupa Minerals is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid project generator business model. The company holds one 100-per-cent-owned project in Portugal, the Alvalade volcanogenic massive sulphide project, and has submitted an application for a mining licence covering the Sesmarias massive sulphide showing within the project area. The company holds one 49-per-cent-owned exploration licence covering the Slivova gold project in Kosovo, optioned to Western Tethyan Resources.

The company is actively advancing seven copper-zinc prospects and one gold prospect in central Finland through its partnership with Akkerman Exploration BV in the Finnish exploration company, Akkerman Finland Oy. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, currently including Portugal, Finland and Kosovo. The company continues to seek and develop other opportunities around Europe, and is actively looking for new joint venture partnerships in Finland and Portugal.