Balkans Gold acquires West African gold assets



    VANCOUVER, July 14 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is
pleased to announce that ASX listed Balkans Gold Limited ("Balkans") in which
EurOmax is the largest shareholder, has signed a binding Heads of Agreement to
acquire 100% of the issued capital of West African Resources Limited (West
African), an exploration company with an advanced gold project in Burkina Faso
and exploration permit applications in Niger. West African's management team
will also join Balkans to advance the projects.

    
    The highlights of this transaction are:

    -   Burkina gold project located 3 kilometres along strike from TSX
        listed Orezone Resources Inc's 1.1 million ounce Bombor gold deposit
    -   2000 square kilometre project covering 70 kilometres of prospective
        greenstone belt.
    -   Extensive soil geochemistry and geophysics with high grade trench,
        rock chip and drillhole results including one drill-hole with 8
        metres grading 12.47 grams per tonne gold starting at 34 metres in
        depth. Only 8 holes have been drilled on the licence.
    

    Following the acquisition EurOmax will have 9 million shares and
4.5 million options being 14% and 12% of the issued shares and options
respectively.
    John Menzies, Chairman and CEO of EurOmax commented, "this is an
excellent acquisition for Balkans with a large project area immediately to the
north of the advanced 1.1 million ounce Orezone Resources Bombor gold project.
There are numerous gold geochemical anomalies within a substantial exploration
database but surprisingly very few drillholes on the property. The potential
for discovery would appear to be excellent."

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    On Behalf of the Board of Directors

    "John C. Menzies"
    Chairman and CEO

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    EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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For further information:

For further information: www.euromaxresources.com; Investor Relations:
David Stothard, T: (347) 284-0062, d.stothart@euromaxresources.com


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