President’s Letter

November 16, 2022                                                                                           CEO Letter 03-2022

Re:  Avrupa Minerals in the exploration news

Dear Shareholders, Friends, and Potential Investors in Avrupa Minerals:

Amazingly, we have hit mid-November, the world has changed a lot this year, and Avrupa Minerals keeps rolling ahead.  The market has not been a happy one for junior explorers, but Avrupa continues to make progress in all three active jurisdictions: Portugal, Finland, and Kosovo.

At Alvalade in Portugal, our fully-funded joint venture with Sandfire MATSA, we are drilling exploratory holes north of the historic Lousal Mine into geological-geophysical-geochemical anomalies along the same mineral trend as Sesmarias and Lousal to the south, and the historic Caveira Mine to the north.  The targets are copper-zinc massive sulfide deposits in the Iberian Pyrite Belt, where there are seven active mining operations, two in Portugal and five in Spain between Lisbon and Seville. The Company will continue drilling exploration targets through the end of the year and into 2023, as well as returning to drilling at the Sesmarias massive sulfide showing in Q1 2023.  AVU News Release — September 15, 2022

In Finland, we have three active exploration applications for copper-zinc massive sulfide deposits in the Pyhäsalmi Mining District of central Finland.  We are in process of completing a fourth exploration application in the Oijarvi gold district, a bit to the north of Pyhäsalmi.  Two of the application areas have known massive sulfide deposits, and all are considered to be satellites of the long-lived Pyhäsalmi Mine, operated by First Quantum Minerals.  The Company is actively progressing the permitting process for the Kolima and Kangasjärvi applications, and will soon turn to permitting for the Hallaperä application.  AVU News Release — October 24th, 2022

In Kosovo, we signed an earn-in option agreement with Pristine-based explorer Western Tethyan Resources (WTR) to further the Slivova Gold Project.  WTR’s 75%-owner, UK-based Ariana Resources, is a highly successful small mine builder and operator, and we expect the combination of successful explorer and mine builder to ably assist in moving the Slivova Project towards a mining solution.  WTR is fully funding an active, aggressive due diligence program at Slivova.  AVU News Release — September 7, 2022

Recent articles in the mining/exploration press highlight Avrupa’s exploration progress in Portugal, Finland, and Kosovo.

• The Market Herald — November 3, 2022
• The Critical Investor — October 9, 2022

The Company continues to actively and personally engage with shareholders and investors.  Avrupa will have a representative available in London during the time of the annual Mines and Money conference, November 29th to December 1st.  Persons and entities interested in meeting with me in London are encouraged to make contact through the Avrupa website at Avrupa Minerals Ltd.

AVU will exhibit in the online 6ix Mining Investment Experience (6ix MIX) Conference December 5th through 16th.  Further contact details will be forthcoming.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

On behalf of the Board,

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

June 24, 2022

It’s already past mid-June, the first live PDAC in over two years is over and done, and Avrupa Minerals continues to push along on all cylinders.

After a year and a half of waiting, The Company finally received its new exploration permit for the Slivova Gold Project in Kosovo, and is actively pursuing a potential joint venture with a choice of partners, all of whom are experienced in building small and profitable mining operations.  The new license is more than double the size of the original Slivovo license and covers a number of potential satellite deposits to the central Slivova gold-silver mineralization.  Prior to any advancement decision at Slivova, we expect to perform serious exploration around the property and known deposit in order to increase the size of the prospect.  There is a NI 43-101 resource calculation from 2016 at 640,000 mt @ 4.8 g/t Gold and 14.68 g/t Silver, amounting to an inventory of 98,700 ounces of Gold and 302,000 ounces of Silver.  More details may be found in our recent news release (Avrupa Receives new Slivova Exploration License, Kosovo).

In addition, I completed two short interviews covering the Slivova license which you may find interesting and informative:

• Stockhouse Power Play
• Resource Stock Digest

We are advancing our recently-acquired programs in Finland, as well.  I’ve just come back from a 10-day trip to Finland to review the properties, meet the local team, and present our portfolio to the respective municipalities.  The permitting process is slow, but well-planned and executed, so we expect a wait of 12-14 months, all told, for issuance of each exploration application.  In the meantime, there is plenty of non-invasive work to be done to prepare for drilling the best targets on each of the reservations.  We already have the Kolima exploration application in process since January, and will submit the Kangasjärvi application within the next 2-3 weeks, once we finalize the land area we really want.

At Kolima, we have reviewed, re-logged, and sampled four representative, historic drill holes covering a portion of the main target area.  We will be able to use this information to plan a drilling program at Kolima when the license is issued, as reported in a Company News Release, dated June 21, 2022 (Kolima Project Progress).  The results of the ongoing work at Kolima are important and provide strong vectors for locating the center of the potential VMS system.

We expect more news from our Finland Projects in the coming weeks as we continue to advance the programs there.  The Pyhäsalmi VMS District offers us real copper-zinc potential and real possibility for new discoveries.  The work we are doing now is important to the future success of our anticipated drilling, and we have the opportunity to get it done properly and efficiently.  We are looking forward to presenting the results of this exploration work as it is completed.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

On behalf of the Board,

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this letter.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this letter.

​

February 28, 2022

With the advent of 2022, and now well into the new year, I would like to take this opportunity to review progress and plans for The Company.  The big news, of course, is the successful completion of an over-subscribed private placement, which we announced last week (see Avrupa Minerals PP Oversubscribed).  The other recent big news was our announcement in mid-December concerning the acquisition of four exploration properties in Finland, including three copper-zinc reservations and one gold reservation in active mineral districts (see Avrupa to Acquire Properties in Finland).  Land in one of the base metal reservations has already been selected for exploration license application and submitted to the Finnish authorities.  And not to pass on further headline news in Portugal, we’ve also recently reported strong copper-zinc massive sulfide drill results for SES21-044 at Sesmarias (see Avrupa Reports Drill Results for SES21-044). So, a really busy and exciting two months for Avrupa Minerals.

We’ve had some proactive media coverage in the past month and a half, as well.  Just this past weekend, Caesars Report mentioned the Company positively (see Avrupa Minerals in Caesars Report).  And last week, Stockhouse published a written interview where I discuss results of our work in 2021 and comment on plans for 2022 (see This Company is Expanding its Portfolio into Finland).

Recently, The Critical Investor published a highly supportive update on Avrupa after we put out the Sesmarias drill hole results and announced our venture into Finland (see The Critical Investor-January 2022).

And also, back in January I did a quick Zoom interview at Stockhouse Power Play (see Stockhouse-The Power Play) concerning the successful results at Sesmarias.

Progress

At the end of the year, in mid-December, The Company announced that it would be expanding its exploration program to central Finland with the acquisition of a private Finnish company, Akkerman Finland (AFOy), holding three copper-zinc project reservations and one gold project reservation in central Finland.  We are in the process of finalizing the agreement with AFOy, and expect to close the deal during the first or second week of March.  While the agreement is being finalized, we have already begun the process of exploration license application and actually completed the first application according to Finnish mining law.

The past year saw continued progress and upgrade at the Sesmarias Copper-Zinc massive sulfide deposit in Portugal.  We completed 17 diamond drill holes there, totaling 8,900 meters, in the Sesmarias North sector, along with an additional 614-meter scout drill hole at one of the Caveira Mine area targets, located 16 kilometers north of Sesmarias.  Work indicates that the Sesmarias North sector hosts a robust mineral system that is open to both the north and south, and to some depth, as well.  We reported strong results for SES21-044 in January, and we expect to report further results for SES21-046 in March.  There will be no results for SES21-045 as the hole was lost due to difficult drilling conditions before reaching the target depth.  The massive sulfide mineralization at Sesmarias North is just a part of the entire Sesmarias mineral zone, which we know extends for more than 1,700 meters, as we have drilled since Avrupa’s initial Sesmarias discovery drilling.

For now, drilling at Sesmarias is on break by request from the partner.  Our partner, Sandfire MATSA, must fulfill their own exploration contract obligations with the Portuguese mining bureau, and with limited rig availability in the region, have borrowed the Alvalade drill rig to complete a couple of holes on one of their licenses in Portugal.  We are awaiting guidance from Sandfire MATSA as to timing of the return of the equipment to Sesmarias and the Alvalade Project.

Plans

We expect to continue work on the Alvalade project:  drilling in the Sesmarias North and Central sectors; drill targeting in several important areas, including Monte da Bela Vista, Lousal, and Caveira; and upgrading of a number of other potential target zones related to VTEM anomalism between Sesmarias and the historic Caveira Mine.  Obviously, there will be plenty of places to drill along the IPB trend, and we hope to get that going in the near future, depending on partner guidance and drill rig availability.

We also plan to start new exploration work in Finland in the coming months.  We expect to use a portion of the newly-raised funds to bring the remaining three reservations to exploration license application status during the upcoming campaign.  This will mean completing basic exploration work for all of the projects, including:  data collection, compilation, and review; pertinent, historic drill core logging and sampling; and continuation of social and environmental licensing in our areas of interest.  There is quite a bit of historic data available, some of which has already been acquired by the AFOy.  Jan Akkerman, proprietor of AFOy, is highly experienced in Finland and will be assisting the Company in moving the program forward.

The Company continues to review project possibilities throughout Europe, especially in old mining districts where there is plenty of available data and plenty of potential for new discoveries.

Look for more frequent news releases in the coming months concerning both Portugal and Finland.  At the moment, we have nothing new to report about the status of the Slivovo exploration license application in Kosovo.  The mining bureau there is slowly wading through the massive pile of applications that accumulated over the past year and a half of inactivity caused by parliamentary impasse and lack of a strong government.  This has all been remedied, and finally there is progress in the exploration business in that region.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,

“Paul W. Kuhn”         

Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this letter.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this letter.

November 9, 2021

As Avrupa continues to gain notice with positive results at its Sesmarias drilling program, the Company published another interview, this time with Caesar’s Report:

Report: Interview with Paul Kuhn, CEO of Avrupa Minerals – Caesars Report

Drilling continues at Sesmarias, where we are presently drilling underneath the successful SES21-040 drill hole.  We have had a difficult time getting down to the target depth of 600 meters due to faulting and intervals of soft, clayey material that can flow into the open drill hole and stick the drill rods.  This has already occurred twice with SES21-043, and we had to abandon the hole and move to the present location at SES21-044 in order to aim at the target.  We hope to complete the hole, log and sample it in the next week or so, and then expect geochemical results from the sampling in a further 2-3 weeks.

The next hole at Sesmarias will be planned to either extend mineralization under SES21-039 or in-fill between 039 and 040/044.  In any case, both locations will be drilled in the present program.

We currently have a second drill rig temporarily working in the vicinity of the old Caveira Mine, at the north end of the Alvalade license.  This is in a new area for the project, with the target being a strong VTEM anomaly, as reported in an earlier AVU news release (see news release of August 12, 2021).

While progress continues to be slow, it is critical to note that we are drilling some deep targets in difficult conditions.  However, we get good recovery of the core from the work, making our studies of the rocks that much easier and accurate.  Our proper interpretations of the geology and mineralization are really important in the drive to discover a true copper-zinc massive sulfide orebody at Sesmarias, and perhaps at our other attractive target zones at Lousal, Caveira, and Monte da Bela Vista.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,

“Paul W. Kuhn”         

Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this letter.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this letter.

October 13, 2021

We have recently put out several positive news releases outlining our progress at the Alvalade Copper/Zinc Project in Portugal:

Avrupa Reports New Drill Results and Extends Massive Sulfide Mineralization at Sesmarias North, Alvalade Project, Portugal – Avrupa Minerals

and

Avrupa Minerals Provides Drill Targeting Update for the Monte da Bela Vista Copper-Zinc Sector, Alvalade License, Portugal – Avrupa Minerals

We have now completed 12 holes on the Project since beginning with Minas de Aguas Teñidas, SA (MATSA) and are working on our 13^th diamond drill hole.  Drilling is slow due to the length of our holes, but the information we get from these holes continues to help us better define the Sesmarias deposit and gives us great information to support our targeting at other spots on the mineral trend that stretches along the length of our Alvalade license.  We have drillable targets in the Lousal, Monte da Bela Vista, and Caveira sectors and look forward to starting with a second drill rig at these places.  We continue to enjoy FULL support from our partner MATSA, and the Project moves ahead through its second year.

For more recent information about Avrupa, please check the following links:

Canadian Miner Grows Multi-Mineral Asset; Extends Massive Sulfide Mineralization | 2021-10-05 | Investing News | Stockhouse

and

Avrupa Minerals Further Extends Massive Sulfide Mineralization At Sesmarias; JV Partner MATSA Taken Over By Sandfire Resources | The Critical Investor

We continue to be pleased about the progress and potential at Alvalade, and as I have said before, there’s a lot to like in what we are doing at Alvalade.  The excitement of good drill results and potential for new mineralization in our other target areas may very well turn the program into something really special.  We will continue to update you all and the rest of the exploration community as progress requires.  We look forward to your participation and support of the Company’s continued recovery in the coming months.

Copper and zinc are truly Green metals, even though millions of uses for them have been around for a long time.  Where would we be without copper wiring in our homes and electric vehicles?  And if you live in a place where winter sticks around for more than just a few months, where would you be without the zinc in your rustproof vehicle undercoating?

Finding new copper and zinc deposits is our business, and partnering our work to the best copper and zinc miners is also our business.  We do both really well, and the Alvalade Project is a great example of both skills!

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this letter.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the letter.

March 24, 2021

Recently we put out a news release outlining progress at the Alvalade Copper/Zinc Project in Portugal.

https://avrupaminerals.com/avrupa-intercepts-8-lens-horizon-at-sesmarias-north-and-reports-on-early-positive-progress-in-drilling-program/

At the time, we had completed two drill holes and started a third.  The news, while overall strongly positive, did not yet include bell-ringer results.  We are, of course, looking forward to those sorts of results, but in the meantime, with FULL support from our partner Minas de Aguas Teñidas, SA (MATSA), the Project moves ahead.  I discuss that in an interview with Stockhouse that may be found at the following link:

https://stockhouse.com/opinion/interviews/2021/03/08/new-year-new-opportunity-new-rich-targets-discovered-canadian-jr-miner.

Since the NR, we have completed the third hole and are just about done with the fourth one, all in the vicinity of the original SES-008 massive sulfide intercept.  The geology is complicated with the target horizon strongly folded, and later modified by post-massive-sulfide-deposition faulting, but MATSA has a great deal of experience in these conditions, and sees the strong potential in our work.  There are many similarities at Sesmarias to their namesake Aguas Teñidas deposit in Spain, and they understand all these complexities.  Their knowledge, experience, and support will help us develop the project long-term.

The results of the VTEM geophysical survey finally came back this past week, and we are just beginning to have a look at the anomalism, both new and old targets out there.  There will be plenty to do on the exploration front, along with our work in the Sesmarias area.

The Critical Investor had a look at us last month after our news release.  Another positive report on the progress on the Alvalade JV.  Here’s the link to that report:

https://www.criticalinvestor.eu/analysis/copper/avrupa-minerals-reports-first-drilling-results-sesmarias

There’s a lot to like in what we are doing at Alvalade.  And here, we all think that this basic groundwork will lead to something really special.  We will continue to update you all and the rest of the exploration community as progress requires.  We look forward to your participation and support of the Company’s continued recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

December 21, 2020

Whew!! Deep breath time… The Company has been extremely busy at the Alvalade Project during the past few weeks. As reported in our news release of December 10, 2020, we started drilling at the north end of the Sesmarias massive sulfide showing, and we will commence a helicopter-supported VTEM geophysical survey this week, possibly today, if the South Portugal winter rains finally manage to stop. The initial diamond drill hole was originally slated to go to a depth of 400 to 500 meters, with several target zones anticipated. In the end we drilled down more than 500 meters! We are presently logging and testing the core, and hope to have a sample shipment off to the lab before the holidays start.

The VTEM survey will cover more than 75% of the Alvalade license. We expect the first results from drilling to come in late January, given the drilling schedule, the end-of-the-year holidays, and the generally slow turnaround time from the laboratories these days. Results from the geophysics will probably come in a similar timespan.

In addition, the Company held its Annual General Meeting on December 14th. Shareholders approved all resolutions, with over 27% of the shares voted. Most importantly, the Company’s present directors were approved for a 1-year term, and shareholders authorized a consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation common share for up to every four (4) pre-consolidation common shares. Shareholders voted for all resolutions at a level greater than 99%. The mandate to move the Company forward is well set, and we look forward to a real improvement in the affairs of the Company in the coming year.

• The Company’s flagship Alvalade property is fully-funded.
• Drilling and airborne geophysics will continue into the New Year.
• Results from both are anticipated in late January.
• New gold and base metal projects around Europe are under review.
• The Company continues to make all efforts to maintain a healthy, safe, and sustainable working environment, particularly in deference to the ongoing COVID-19 pandemic situation.

During the past two weeks, we have done two interviews with investor media groups, and there is one new post on The Critical Investor. These may be found through the following links:

• https://goldinvest.de/videos/video/620-avrupa-minerals-2021-koennte-ein-gutes-jahr-fuer-die-aktionaere-werden (in English)
• https://stockhouse.com/opinion/interviews/2020/12/07/minimizing-mining-risk-the-hybrid-opportunity-generator
• https://www.criticalinvestor.eu/

And, today The Company starts trading on the new one-for-four consolidation basis. We look at this as an opportunity to become more visible and palatable to a whole new group of investors, with a share price that allows for more financial mobility. Oftentimes this is an excuse for dumping shares and dropping the share price in an unmanageable way. We think NOT!! With all the potential good news for Avrupa out there in January and beyond, we hope that things will quickly get better. Metals’ prices are improved. Interest in a green economy makes the primary targets of copper and zinc at Alvalade look better and better all the time. These are not flashy commodities, but will be the basis of all environmentally acceptable economic growth for the immediate and long-term future.

We will continue to update you all and the rest of the exploration community as progress requires. We look forward to your participation and support of the Company’s continued recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 2020

Recently, the Company was featured in an “extensive analysis” on the Critical Investor website:  https://www.criticalinvestor.eu/. The same article was reprinted in the Streetwise Reports/The Gold Report on October 26, 2020:  https://www.theaureport.com.  The article discusses, in depth, Avrupa’s flagship project, the Alvalade Copper-Zinc Project, located in the Iberian Pyrite Belt of Portugal.

The new Experimental Exploitation License was issued in June, and after a long wait, we are finally able to move ahead with planned work.  The Portuguese Mining Bureau approved the work plan, and we are progressing towards drilling startup in a few weeks.  The drill rig is in the country now, and drilling a couple of holes on our partner’s adjacent license while we complete land and water access permitting in several of the areas we plan to initially drill.

In addition to the drilling, we are also starting preparations for a helicopter-supported, airborne geophysical survey over the northern two-thirds of the Alvalade license.  We had originally planned to perform this survey next summer, but opportunity has arisen to move ahead sooner and more quickly on this particular project.

We will continue to update you all and the rest of the exploration community as progress requires.  We look forward to your participation and support of the Company’s continued recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Last week, the Company posted a news release announcing that the Portuguese mining bureau had issued the new Alvalade Experimental Exploitation License. We can now proceed with exploration work to upgrade the known copper-zinc mineralization at the Sesmarias showing, look for extended copper-zinc mineralization at the nearby historic, 50 million tonne Lousal Mine, explore in more detail at the Monte da Bela Vista stockwork mineralized zone, and follow-up on any one of another 20+ prospects on the license.

Our partner MATSA is also excited about finally being able to move ahead at Alvalade. We have already initiated planning and budgeting for the summer work program, leading to drilling in Q4. So far, the area of Portugal where we work has been mostly spared from widespread COVID-19 infection and hospitalizations. With careful planning, support, and activity, we will continue with the plans for reviewing our own-drilled core, available historic core, localized ultra-trace level geochemistry in the Sesmarias area, and quite possibly airborne geophysics on the project scale. MATSA has a lot of experience and success in these same Pyrite Belt rock units in Spain, as we have here in Portugal, so we should work together well.

With all this great potential remaining untapped, we are pleased about getting the new license and getting back to the business of being a successful exploration company. Avrupa is monitoring the global health and financial crisis and will exercise caution and social responsibility to maintain safe and healthy programs in Portugal, as we have now been given the go-ahead to get back to work.

We will continue to update you all and the rest of the exploration community as progress requires. We look forward to your participation and support of the Company’s continued recovery in the coming months.

For those of you who did not receive the initial letter, I have included the following link to the letter, which includes basic technical parameters and description of the Sesmarias massive sulfide deposit. We have a really good discovery in an area with a lot of potential, and a great team, along with the necessary funding to manage it: https://avrupaminerals.com/presidents-letter/.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board, 

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Given the current worldwide coronavirus health situation, the Company wishes to update the market on progress with our Alvalade Copper-Zinc Massive Sulfide Project in Portugal.  While we had originally planned for the Project to be fully licensed by now, the pandemic crisis has slowed the issuance process.  Fortunately, all parties involved in the process, Avrupa, our new joint venture partner, and the Mining Bureau of Portugal, continue to work towards completion of the Experimental Exploitation License contract.  As government edicts would preclude working in the field right now, it is fortuitous that we can move the licensing along and complete the process remotely.  Once the license is issued, we will receive the upfront funding, as required by our joint venture agreement, and will begin the actual technical and social planning necessary for drilling to commence.  Details of the agreement may be found in the Company’s news release of October 1, 2019.

The new, upgraded Alvalade license will cover approximately 115 square kilometers of highly prospective target area in a prime portion of the Iberian Pyrite Belt in Portugal.  The Sesmarias massive sulfide discovery lies just 7 kilometers south of the historic Lousal Mine and 9 kilometers south of our Monte da Bela Vista stockwork zone, all of which are covered by the Alvalade license.  Previous work at Sesmarias by Avrupa, itself, and by Avrupa with support from former JV partners, indicates that massive sulfide mineralization extends for at least 600 meters, may be as wide as 300 meters, and averages 25 meters in thickness.  Our work around Sesmarias also indicates that there is, at least, a further 2,000 meters of potentially mineralized target zone beyond the 600 meters of known massive sulfide mineralization.

Several technical sources estimate that the Lousal Mine originally contained upwards of 50 million metric tonnes of iron-, copper-, and zinc-bearing massive sulfide mineralization.  However, old mining records indicate that only 15-20 million metric tonnes of mineralized material were actually extracted during historic operations beginning in 1900 and continuing through 1988.  An independent consultant’s report commissioned by Avrupa in late 2017 suggests that Monte da Bela Vista-Lousal-Sesmarias could easily become a 50- to 100-million metric tonne copper-zinc, massive sulfide district. 

In addition, the under-explored, historic Caveira Mine area is located just 9 kilometers north of Monte da Bela Vista, and between the two are several Avrupa scout drill holes that intersected sulfide mineralization.  Furthermore, Avrupa has drilled mineralized scout holes in several target areas along a 25-kilometer line from Sesmarias to the south end of the Alvalade license.

With all this good potential still remaining untapped, we are excited about getting the new license issued and the exploration program back into swing, as health and economic conditions allow in southern Portugal.  To date, south Portugal has not been so hard-hit by COVID-19.  Avrupa is monitoring the global health and financial crisis and will exercise caution and social responsibility to maintain safe and healthy programs in Portugal, once we are given the go-ahead and permission to return to active exploration work.  Presently the company works and communicates remotely in all of our interest areas in Canada, Portugal, and Kosovo.

We will continue to update you all and the rest of the exploration community as progress requires, and we look forward to your participation and support of the Company’s recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

On behalf of the Board, 

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

This letter was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.