Avrupa, Blackheath agree on increased Covas spending

May 12, 2014

AVRUPA AND BLACKHEATH SIGN AMENDMENT AGREEMENT ON COVAS TUNGSTEN JV

Avrupa Minerals Ltd. and its Covas JV partner Blackheath Resources Inc. have signed an amended joint venture agreement which allows for more interim financing by Blackheath and an expanded time frame to the JVA. The amended agreement carries the following terms (in summary):

— To earn 51% of the joint venture, Blackheath must spend EUR300,000 on exploration by March 20, 2013 (completed). — To earn a further 19% of the JV (for an aggregate total of 70%), Blackheath must fund EUR700,000 on exploration by March 20, 2014 (completed). — To earn a further 5% of the JV (for an aggregate total of 75%), Blackheath must fund EUR320,000 on exploration by March 20, 2015 (underway). — To earn a further 5% of the JV (for an aggregate total of 80%), Blackheath must fund EUR498,000 on exploration by March 20, 2016. — To earn a further 5% of the JV (for an aggregate total of 85%), Blackheath must fund EUR833,000 on exploration by March 20, 2017.

Paul W. Kuhn, CEO of Avrupa Minerals, commented, “Amending the JV agreement with Blackheath allows the JV to systematically drill test the Project within a more reasonable time frame before completing the more advanced, trial exploitation stage that is required in Portuguese mining laws. We are currently underway with planning and preparing for the Phase 3 drilling program, which will bring the JV closer to the goal of completing a NI 43-101 resource estimate for the Project in 2014.”

Covas is a past-producing tungsten mine, and remaining historic resources on the property have been estimated at 922,900 metric tonnes of 0.78% WO3 by Union Carbide in 1980, based on work including 327 drill holes on the property. Mineralization is open to expansion. The price of tungsten has increased significantly in recent years and is currently approximately $36 per kilogram of contained tungsten trioxide. (These resources are historic in nature, prepared by Union Carbide Corp. in 1980, but are considered relevant. However, a qualified person has not done sufficient work to classify the historical estimates as current mineral resources, and the Joint Venture is not considering the historical estimates as current mineral resources.)

In addition, Blackheath and Avrupa have terminated the Arga JV arrangement as a result of less than desired drill results, and Avrupa has dropped the property, as required by the Portuguese mining law.

This news release was prepared by Company management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release.

http://www.avrupaminerals.com/news/