EurOmax Announces Final TSXV Approval of $7.875 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2011) -

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EurOmax Resources Limited (TSX VENTURE:EOX)(PINK SHEETS:EOXFF) ("EurOmax" or the "Company") announced today that it has received final approval from the TSX Venture Exchange for its previously announced $7,875,000 non-brokered private placement.

Mark Gustafson, President and Chief Executive Officer, stated "We are very pleased to have completed this financing as it allows us to fund in full the Company's 2011 exploration plans on our core properties in Southeastern Europe."

About EurOmax Resources Limited

EurOmax is a Canadian company focused on precious and base metal projects in Southeastern Europe. Our strength is the local staff, knowledge and technical expertise in Bulgaria, Serbia and Macedonia.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, resource estimates, metallurgical testing, geophysical and geochemical surveys, drilling, geological interpretations, receipt of mining concessions and property titles, potential mineral recovery processes and potential partners. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements, and readers are encouraged to review all Company documents filed with the securities authorities in Canada, including the Management Discussion and Analysis in respect of the Company's recent financial statements under the heading "Operational and Other Business Risks". These documents describe the material factors and assumptions that were applied in drawing the conclusions and making the forecasts and projections as reflected in the forward-looking statements and information, and the material factors that could cause our actual results, performance or achievements to differ materially. We undertake no obligation to update or revise any forward-looking statements or information made in this news release.