Eurotin Inc. provided a resource update on its Oropesa tin project located in southern Spain based on a Mineral Resource estimate received by the Company from SRK Consulting (UK) Ltd. (SRK). The differences between the two sets of resource figures are primarily the result of: The updated geological interpretation, independently confirmed by SRK, which reflects a more stratabound and folded mineralisation model; Increase in the assay cut-off grade boundaries between mineralized zones and the lower grade host rock from 0.1% Sn to 0.25% Sn, retaining good continuity; Reporting of additional block model material at depth, supported by the greater depth considered to be reasonable for eventual open pit mining which has allowed the full extents of the geological model (to 265 m from surface) to be reported as a Mineral Resource; The inclusion of results from previously drilled, but only recently assayed drill core; and the results of the April 2015 drill program. The 2015 Oropesa Mineral Resource estimate was completed by SRK and has been reported above a marginal cut-off grade of 0.1% Sn.

This represents the material which has a reasonable prospect for eventual economic extraction by open pit mining methods. The Mineral Resource estimate has been prepared by SRK in accordance with Canadian Securities Administrators' National Instrument 43-101 'Standards of Disclosure for Mineral Projects' (NI 43-101). The effective date of the Mineral Resource statement is October 30, 2015.

The company has satisfied all conditions to receive a 100% interest in the Oropesa property and anticipates that registered title to the property will be transferred to the Company within several months of filing the transfer documents with the Andalucia mining authorities under the Spanish Mining Act.