Europa Metals announced further assay results from its recently completed diamond drilling programme conducted by "Sondeos y Perforaciones Industriales del Bierzo SA" ("SPI Drilling") at the Company's 100% owned Toral Pb, Zn & Ag project ("Toral" or the "Toral Project"). The drilling campaign aimed to expand on the existing indicated resource envelope of 5.9Mt @ 7.1% ZnEq (including Pb credits) and 27 g/t Ag at depth. Hole TOD-042 intersected the highest grade mineralisation to be reported by Europa Metals to date at Toral and over a significant width.

The two holes (TOD-041 and TOD-042) taken in conjunction with nearby previous drilling provide both support and confidence to current resource model and the continuity of the high grade nature of the deposit at depth. The latest drilling data continues to be utilised to progress the Company'sinnovation partnership with the University of Salamanca facilitated by the grant of up to €466,801.50 by way of a loan from Spain's "Centre for the Development of Industrial Technology" (CDTI), of which€322,009.13 has been drawn down to date. Significant Zn Eq intercepts were generated using a 1% Zn Eq trigger value, minimum width of 1m, maximum consecutive waste interval of 1m and minimum average Zn Eq grade >2%.

The cross section image above illustrates the positioning of hole TOD-042. The high grade nature of the intersection is consistent with current resource model and provides further support for extending the known estimated indicated resource at that depth.