Avrupa Minerals Ltd. entered into an Option Agreement with Western Tethyan Resources ("WTR") for WTR to earn-in up to 85% of the Slivova Gold Project by funding and performing certain work programs to potentially advance the Slivova Project to a mining solution. WTR is a private exploration company based in London and Prishtina, Republic of Kosovo, and is 75% owned by London AIM-listed Ariana Resources. Due Diligence ("DD") Phase with exclusivity from September 1, 2022 ("Effective Date") to March 1, 2023.

EUR 35,000 cash payment upon signing; EUR 100,000 investment during DD Phase; however if WTR decides to vacate the Project before completion of 6-month DD, minimum of EUR 25,000 must be spent; EUR 35,000 cash payment at the end of 6-month DD period; Definitive Agreement to be completed and signed.