Dundee Lawsuit Withdrawn

VANCOUVER, May 7 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) is pleased to announce that the lawsuit filed by Dundee Precious Metal Ltd. ("Dundee") has been withdrawn.

Dundee had filed the lawsuit against EurOmax and eight other parties in connection with the acquisition by a subsidiary of EurOmax of the Peroto licence in Bulgaria. Dundee had alleged that EurOmax acquired the property in breach of fiduciary duties owed to Dundee in relation to a consulting arrangement between Dundee and third parties, including EurOmax's Chairman and Chief Executive Officer. Dundee had requested substantial damages as a remedy for the alleged breaches of fiduciary duties.

On Behalf of the Board of Directors

"John C. Menzies"

Chairman and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release

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EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX

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