AVRUPA MINERALS LTD.

AVRUPA MINERALS LTD. is a mineral exploration company with interests in projects located in Portugal, Finland, and Kosovo. The company and all its properties are currently at the exploration stage, meaning no commercially viable resource deposit has been assured, and further exploration is needed to determine economic and legal viability. Operations in some areas are seasonal, preventing year-round exploration activities. The company's operations rely on exploration rights, claims, and the terms of option and/or joint venture agreements on its properties. AVRUPA MINERALS LTD. currently holds interests in 10 mineral exploration properties. These include 1 property in Portugal, 1 property in Kosovo, and 8 mineral exploration permits in Finland. In Portugal, the company, through its subsidiary MAEPA, focuses on the Portuguese portion of the Iberian Pyrite Belt, a region with over 2,000 years of mining history. Exploration licenses in Portugal typically last for 2+1+1+1 years and carry a 4% Net Smelter Royalty (NSR), which can be negotiated lower in certain cases. The governing body for Portugal is the Direcao-Geral de Energia e Geologia (DGEG), or Directorate-General for Energy and Geology. The process from application to license issuance typically takes 6-12 months, depending on government efficiency in checking for competitive bids, liabilities, and potential obstructions to exploration.