EurOmax Options Five Properties in Serbia



    Issued Capital: 43,199,155 common shares

    Stock Exchange

    TSX Venture Exchange
    Symbol: EOX

    VANCOUVER, June 14 /CNW/ - EurOmax Resources Limited is pleased to
announce it has executed an option agreement with Phelps Dodge Exploration
Corp. (PDX), a subsidiary of Freeport-McMoran Copper & Gold Inc., to acquire
all of the issued capital of Company for Mining and Geology South Danube
Metals Beograd (SDM). Under the terms of the agreement EurOmax has an option
to acquire a 100% interest in SDM, subject to exclusion of one of the SDM
licenses, by the issuance of 2.40 million shares of EurOmax. In order to
exercise the option EurOmax must meet license requirements and complete a USD
1.5 million exploration program over 3 years. PDX retains a one time back
in-right on each of SDM's licenses, wherein PDX may elect to earn a 70%
interest, after EurOmax has completed 10,000 metres of drilling on any such
license. In order to earn its interest PDX must repay EurOmax twice its
exploration expenditure on that license and fund the property though
completion of a final feasibility study. This transaction is subject to
regulatory approval.

    Rudnitza Property

    The Rudnitza license is located in the 500 km(2) Rashka mineral field.
The license covers Jurassic serpentinite and Tertiary andesitic volcanics
intruded by diorite dykes. There are two well defined mineralised targets at
Rudnitza: the Rudnitza copper-gold porphyry and high grade lead-zinc-silver
veins and stockworks.
    Mining in the Rudnitza licence area commenced in ancient times as
evidenced by more than 130 pits and shafts. Exploration from the 1970s focused
on lead-zinc-silver veins which saw the discovery of the Karadak vein
lead-zinc-silver deposit just to the north of the Rudnitza license.

    Rudnitza Copper - Gold Porphyry (see attached plan and section)
    --------------------------------

    The Rudnitza copper-gold porphyry consists of a large iron oxide +/-
quartz vein stockwork zone outcropping over an area of approximately 400 metre
by 300 metres. The quartz stockwork, with vein density greater than 30 veins
per metre, is developed within a quartz-magnetite alteration zone with biotite
at depth. This is surrounded by larger argillic and advanced argillic
alteration zones.
    In 2004 PDX recognized the potential for porphyry style mineralisation
and drilled seven diamond holes in the license area - intersecting a
mineralized medium-grained porphyritic diorite intrusion at shallow depth.
    Diamond drill-holes PDRC 04-01, 04-03 04-04, 04-07 intersected Rudnitza
porphyry copper-gold mineralisation, with PDRC 04-03 intersecting 144 metres
of 0.62% copper equivalent or 1.06 g/t gold equivalent (0.40% copper and
0.38g/t gold) from the base of oxidation to total depth of 244 metres.
    A significant portion of the prospective quartz stockwork zone in plan
and at depth remains untested.

    
    A summary of results (at a 0.1% copper cut off grade) is provided in the
table below:

    -------------------------------------------------------------------------
                 Rudnitza Copper - Gold Porphyry Intercepts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Drill       Depth    From    To    Intercept  Cu      Au     CuEq    AuEq
    Hole       (metres)(metres)(metres)(metres)    %      g/t       %     g/t
    -------------------------------------------------------------------------
    PDRC 04-01    171       5     170     165    0.17    0.20    0.28    0.48
                           83      99      16    0.62    0.32    0.80    1.37

    PDRC 04-03    244             244     244    0.26    0.38    0.50    0.85
                          100     244     144    0.40    0.38    0.62    1.06

    PDRC 04-07    345     118     190      72    0.22    0.16    0.31    0.53
                          244     332      88    0.26    0.44    0.52    0.89
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Copper and gold equivalent calculations use metal prices of USD 1.25/lb
    copper and USD 450/oz gold. Adjustment factors for differences in
    relative metallurgical recoveries for gold and copper have not been be
    considered and metallurgical recoveries and net smelter returns are
    assumed to be 100%.
    -------------------------------------------------------------------------
    

    Base Metal Veins (see attached plan and section)
    -----------------
    While lead-zinc-silver veins are widespread in the region they were not
the focus of PDX exploration drilling. A single drill-hole PDRC 04-04
intersected colloform banded galena-sphalerite-pyrite veins peripheral to the
Rudnitza Copper - Gold Porphyry with results such as 4 metres at 20.4%
combined lead and zinc and 229 g/t silver from 370 metres. 800 metres to the
north-east of PDRC 04-04 lead-zinc veins outcrop in an area of anomalously
high lead soil geochemistry. A summary of intercepts (at a 1% lead cut off
grade) is provided below:

    
    -------------------------------------------------------------------------
                 Rudnitza North Lead-Zinc-Silver Intercepts
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                                             Lead +
    Drill       Depth    From    To  Intercept  Lead   Zinc    Zinc   Silver
    Hole      (metres)(metres)(metres)(metres)   %       %       %       g/t
    -------------------------------------------------------------------------
    PDRC 04-04    550     161     165       4    1.57    2.67    4.24    16.5
                          285     293       8    7.11    3.37   10.48   108.0
                          326     330       4    2.52    0.76    3.28    43.0
                          370     374       4    9.21   11.19   20.40   229.0
                          430     432       2    7.82    0.99    8.81   204.0
                          504     508       4   11.00    0.20   11.20   154.5
    -------------------------------------------------------------------------
    

    Ceovishte Property

    The 48 square kilometre Ceovishte license is located in the Kopaonik
district 28 kms to the north of the Rudnitza property. At Ceovishte, Jurassic
ultrabasic rocks, Triassic schists and carbonates, and Tertiary andesitic
volcanoclastics are intruded by Tertiary granodiorite and andesite stocks and
dykes. Large areas of intense hydrothermal alteration have been mapped and
three base and precious metal prospects have been identified.

    North Prospect: A large area of ancient workings covering 500 metres by
1,500 metres within which zones of magnetite-chalcopyrite mineralisation
outcrop along the contacts between dykes and silicified serpentinite.

    Ceovishte Prospect: An inferred porphyry copper target in an area of
ancient lead-silver(?) workings covering 800 metres by 400 metres. A strong
multi-element soil geochemical anomaly which coincides with an altered
intrusion and associated ancient workings remains untested.

    South Prospect: A 200 metre by 200 metre high-sulphidation silica breccia
body has returned up to 2 g/t gold in rock chips as well as high arsenic,
copper soil values and remains untested.

    Brestovac and Durlan Potok (see attached graphic)

    The Brestovac (90 square kilometres) and Durlan Potok (56 square
kilometres) properties are located within the Timok Magmatic Complex and are
close to the world class Bor copper-gold mine (see graphic). Total metal
endowment of the known ore deposits within the Bor - Majdanpek zone, including
past production, was estimated by Jankovic et al., (1998) to be over 20
million tonnes of copper and 30 million ounces of gold, with 7 million tonnes
of copper and 10 million ounces of gold for the Bor and Bor River deposits.
The Bor deposit is reported to have contained initial resources of more than
200 million tonnes grading 1.5% copper and 0.8 g/t gold. The licences cover
Cretaceous andesite volcanics and volcaniclastics and overlying Miocene and
younger post-mineral sediments. PDX have conducted geophysics and limited
drilling. Geological and geophysical targets remain untested.

    Kamena Gora

    The 56 square kilometre Kamena Gora licence covers Mesozoic limestone
intruded by Tertiary granitoids. Based on historic data, copper-zinc skarns
are developed along the limestone contact with the Tertiary intrusions.

    Planned Program

    EurOmax plans to commence a program of geophysical surveying (Induced
Polarization, Resistivity and Magnetics) drilling, mapping and trenching at
Runditza during June 2007. Drilling at the other properties will follow
surface mapping, sampling and trenching.

    Quality Control and Assurance. All of the work reported in this press
release was undertaken by PDX. Samples were assayed at Eurotest Control AD and
American Assay Laboratories both ISO 9001 accredited laboratories. The Company
understands that PDX used quality control standards and blanks and believes
these results to be reliable.
    John Menzies, a qualified person as defined by National Instrument
43-101, supervised the preparation of the information in this release.


    "John Menzies"
    Chairman & CEO

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





For further information:

For further information: John Menzies, E: euromax@euromaxresources.com,
Tel: (604) 669-5999; For the latest news: http://www.euromaxresources.com


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