Euromax Resources Ltd. announced that it now has 100% control of its Ilovitza Cu-Au Porphyry Project in Macedonia. The company that held a back-in right to acquire a 70% interest in the Ilovitza property has elected not to exercise the back-in right. Ilovitza is a Tertiary-aged porphyry copper-gold deposit in an area with excellent infrastructure in eastern Macedonia. In 2008, EurOmax reported a NI43-101 compliant inferred resource of 303 million tonnes at 0.23% copper and 0.32 grams per tonne of gold. Additional drilling conducted since the 2008 technical report will be included in the upcoming NI43-101 compliant resource update.