Cameron Mingay Appointed as Non-executive Director

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Tue May 20, 2008 11:44am EDT

WHITEHORSE, YT, May 20 /PRNewswire-FirstCall/ - European Goldfields
Limited (TSX / AIM: EGU) (the "Company") is pleased to announce the
appointment of Cameron Mingay as a non-executive director of the Company.
Cameron Mingay, aged 56, is a senior partner in the Cassels Brock &
Blackwell LLP, Securities Group. Cam's diverse practice covers the areas of
securities, corporate, mergers, acquisitions and divestitures, and natural
resource law. He has extensive experience in representing companies and
investment dealers in all manner of public and private corporate finance
transactions. He acts as lead counsel for a number of public clients and he
serves as counsel to a number of investment dealers on corporate finance
matters. He is also a director of Silver Bear Resources Inc and Allied Nevada
Gold Corporation. Up until 2004, he was a director of Kinross Gold
Corporation. His recent achievements include:
    - The Best Lawyers in Canada 2006/2007 and 2008 (Natural Resources Law)
    - Martindale-Hubbell, BV rating
    - Canadian Legal Lexpert Directory 2005

    Commenting on the appointment, David Reading, Chief Executive Officer of
European Goldfields, said: "We are delighted to welcome Cam to our team. His
credentials and knowledge in the resource sector make him a strong addition to
our board. Cam's reputation and legal experience in Canada will be a great
asset in our future development."
    Concurrently with his appointment, the Company granted to Cameron Arthur
Mingay an option to purchase 250,000 common shares of the Company pursuant to
its share option plan. The option expires in March 2013 and is exercisable, in
whole or in part, at a price of C$5.07 per share. The option vests in three
equal tranches over a three-year period. Mr. Mingay does not hold any common
shares of the Company. There are no other matters under paragraph (g) of
Schedule 2 of the AIM rules to be disclosed.
    About European Goldfields
    European Goldfields is a resource company involved in the acquisition,
exploration and development of mineral properties in Greece, Romania and
South-East Europe.
Greece - European Goldfields holds a 65% interest in Hellas Gold S.A.
Hellas Gold owns three major gold and base metal deposits in Northern Greece.
The deposits are the polymetallic projects of Stratoni, the Olympias project
which contains gold, zinc, lead and silver, and the Skouries copper/gold
porphyry project. Hellas Gold commenced production at Stratoni in September
2005 and commenced selling an existing stockpile of gold concentrates from
Olympias in July 2006. Hellas Gold is applying for permits to develop the
Skouries and Olympias projects.
Romania - European Goldfields owns 80% of the Certej gold/silver project
in Romania. European Goldfields submitted in March 2007 a technical
feasibility study to the Romanian government, in support of a permit
application to develop the project. In March 2008, European Goldfields
submitted the Environmental Impact Study to the Romanian environmental
authorities to start the assessment of the environmental impact of the Certej
Project.
SOURCE  EUROPEAN GOLDFIELDS LTD.

European Goldfields: David Reading, Chief Executive Officer, +44 (0)20 7408
9534, info@egoldfields.com, www.egoldfields.com; Buchanan Communications:
Bobby Morse; Ben Willey, +44 (0)20 7466 5000, bobbym@buchanan.uk.com; Renmark
Financial Communication: Jason Roy, jroy@renmarkfinancial.com; John Boidman,
jboidman@renmarkfinancial.com; Media: Eva Jura, (514) 939 3989, Fax: (514) 939
3717, ejura@renmarkfinancial.com, www.renmarkfinancial.com; RBC Capital
Markets: Andrew K Smith, +44 (0)20 7029 7882, andrew.smith@rbccm.com
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