SOURCE: European Goldfields Ltd

June 10, 2010 02:01 ET


WHITEHORSE, YUKON--(Marketwire - June 10, 2010) -

For Immediate Release
10 June 2010

European Goldfields Limited


10 June 2010 - European Goldfields Limited (TSX / AIM: EGU) ("European
Goldfields" or the "Company") is pleased to announce the appointment of
Liberum Capital Limited as Nominated Adviser and Joint Broker and
Evolution Securities Limited as Joint Broker to the Company. These
appointments take place with immediate effect.

Commenting on the appointment, Martyn Konig, Executive Chairman and
President of European Goldfields, said: "We see the appointment of
Liberum Capital and Evolution Securities as key to developing our
London investor base and enhancing London liquidity to complement the
strong trading activity in the Company's shares on the Toronto Stock
Exchange.This decision follows a review by European Goldfields of its
advisors as it readies itself for development of its key projects in
Romania and Greece."

About European Goldfields

European Goldfields is a developer-producer with globally significant
gold reserves located within the European Union. The Company generates
cash flow from its 95% owned Stratoni operation, a high grade lead/zinc
/silver mine in North-Eastern Greece and the sale of gold concentrates
from Olympias. European Goldfields will evolve into a mid tier producer
through responsible development of its project pipeline of gold and
base metal deposits at Skouries and Olympias in Greece and Certej in
Romania. The Company plans future growth through development of its
highly prospective exploration portfolio in Greece, Romania and Turkey.

For further information please see the Company's website at

For further information please contact:

European Goldfields:
Capital Limited

Sally Schofield, VP Investor
Relations Simon Atkinson

 Michael Rawlinson

Tel: +44 (0)20 7408 9534
Tel: +44 (0)20
3100 2000

Buchanan Communications:
Evolution Securities Limited

Bobby Morse / Katharine
Sutton Rob Collins

e-mail: Tim

Tel: +44 (0)20 7466 5000
 Tel: +44 (0)20 7071 4300

Forward-looking statements

Certain statements and information contained in this document,
including any information as to the Company's future financial or
operating performance and other statements that express management's
expectations or estimates of future performance, constitute
forward-looking information under provisions of Canadian provincial
securities laws. When used in this document, the words
"anticipate","expect", "will", "intend", "estimate", "forecast", "planned"
similar expressions are intended to identify forward-looking statements
or information. Forward-looking statements include, but are not limited
to, the estimation of mineral reserves and resources, the timing and
amount of estimated future production, costs and timing of development
of new deposits, permitting time lines and expectations regarding metal
recovery rates. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable
by management, are inherently subject to significant business, economic
and competitive uncertainties and contingencies.

The Company cautions the reader that such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual financial results, performance or achievements of
the Company to be materially different from its estimated future
results, performance or achievements expressed or implied by those
forward-looking statements and the forward-looking statements are not
guarantees of future performance. These risks, uncertainties and other
factors include, but are not limited to: changes in the price of gold,
base metals or certain other commodities (such as fuel and electricity)
and currencies; uncertainty of mineral reserves, resources, grades and
recovery estimates; uncertainty of future production, capital
expenditures and other costs; currency fluctuations; financing and
additional capital requirements; the successful and timely permitting
of the Company's Skouries, Olympias and Certej projects; legislative,
political, social or economic developments in the jurisdictions in
which the Company carries on business; operating or technical
difficulties in connection with mining or development activities; the
speculative nature of gold and base metals exploration and development,
including the risks of diminishing quantities or grades of reserves;
the risks normally involved in the exploration, development and mining
business; and risks associated with internal control over financial
reporting. For a more detailed discussion of such risks and material
factors or assumptions underlying these forward-looking statements, see
the Company's Annual Information Form for the year ended 31 December
2009, filed on SEDAR at The Company does not intend, and
does not assume any obligation, to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by law.

 This information is provided by RNS
 The company news service from the London Stock Exchange


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