JERSEY, Channel Islands, April 13, 2018 (GLOBE NEWSWIRE) -- Richard Griffiths today announced that as a result of the non-brokered private placement recently notified, in which he did not participate, his effective ownership in Euromax Resources Ltd has been diluted.

As a result of the dilutive effect of the placement, together with securities previously held, Richard Griffiths controls a total of 23,562,799 common shares, representing 14.27% of the total issued and outstanding common shares of Euromax Resources Ltd, of which 7,142,999 are held directly and 16,419,800 are held by Blake Holdings Limited.

Blake Holdings Limited also hold warrants over 1,500,000 ordinary shares with a remaining term of 2 years.

Richard Griffiths holds the above common shares for investment purposes and may, from time to time, acquire additional securities of Euromax Resources Ltd or dispose of such securities as he may deem appropriate.

For more information, please contact:

James Sutcliffe

Telephone +44(0)1534 719 761