Euromax Announces Intention to Extend Maturity Dates of Previously Issued Convertible Debentures

(TheNewswire)

VANCOUVER, BC – TheNewswire- February 19, 2026 -Euromax Resources Ltd.(TSXV: EOX): ("Euromax" or the"Company") announces that the Company intends to amend certain terms of itspreviously issued convertible debentures, whichwere issued to: (i) the European Bank for Reconstruction andDevelopment (“EBRD”) in the aggregate principal amount ofUSD$5,000,000 (as amended from time to time, the “EBRD Debenture”);and (ii) CC Ilovitza Limited (“CCC”), an affiliate of ConsolidatedContractors Company Group, in the aggregate principal amount ofCAD$5,200,000 (as amended from time to time, the “CCC Debenture” and,collectively with the EBRD Debenture, the “Convertible Debentures”).

Specifically, Euromax intends to, among other things,enter into agreements with EBRD and CCC to extend the maturity datesof the Convertible Debentures from February 28, 2026 to February 28,2027 (the “ProposedAmendments”).

The Proposed Amendments are notintended to make any changes to the conversion price applicable toprincipal under the Convertible Debentures ($0.15 per share) or to theapplicable interest rate (20% for the period from and including April30, 2018 to and excluding March 31, 2019 and 7% for the period fromand including March 31, 2019 to and excluding February 28,2027).

In completing the Proposed Amendments, the Company isrelying on the exemptions from the formal valuation and minorityapproval requirements in Multilateral Instrument 61-101 –Protection of MinoritySecurity Holders in Special Transactions(“MI 61-101”) contained in sections 5.5(e) and 5.7(1)(c) of MI 61-101,respectively.

The Proposed Amendments are subject to acceptance bythe TSX Venture Exchange and other approvals.

Neither the TSX Venture Exchange norits regulation services provider accepts responsibility for theadequacy or accuracy of this news release.

About Euromax Resources Ltd.

Euromax has a major development project in North Macedonia and isfocused on building and operating the Ilovica-Shtuka gold-copperproject.

Forward-Looking Information

This news release contains statements that are forward-looking, suchas those relating to the lack of changes to the conversion priceapplicable to principal under the Convertible Debentures in connectionwith the Proposed Amendments. Forward-looking statements arefrequently characterised by words such as “plan”, “expect”,“project”, ”intend”, ”believe”, ”anticipate” and othersimilar words, or statements that certain events orconditions “may” or “will” occur. Forward-lookingstatements are based on the opinions and estimates of management atthe dates the statements are made, and are subject to a variety ofrisks and uncertainties and other factors that could cause actualevents or results to differ materially from those projected in theforward-looking statements. This information is qualified in its entirety bycautionary statements and risk factor disclosure  contained infilings made by the Company, including its annual information form forthe year ended December 31, 2024 and financial statements and relatedmanagement’s discussion and analysis (“MD&A”) for the financial yearsended December 31, 2024 and 2023, and the unaudited condensedconsolidated interim financial statements for the three months endedSeptember 30, 2025 and 2024 along with the accompanying MD&A,filed with the securities regulatory authorities in certain provincesof Canada and available on SEDAR+ at www.sedarplus.ca. The forward-looking statementscontained in this document are as of the date of this document, andare subject to change after this date. Readers are cautioned that theassumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements. Euromax disclaims any intention orobligation to update or revise any forward-looking statements, whetheras a result of new information, future events or otherwise, except asotherwise required by applicable law.

For more information, please visit www.euromaxresources.com or contact:

Tim Morgan-Wynne, Chief ExecutiveOfficer

+44 20 3918 5160

tmorganwynne@euromaxresources.com

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