SOURCE: EURO Ressources

July 08, 2011 12:44 ET

Euro Ressources - Results of the 2010 Annual Ordinary General Meeting of Shareholders Held on June 21, 2011

PARIS--(Marketwire - Jul 8, 2011) - EURO Ressources S.A. ("EURO") (PARIS: EUR) today announced the results of the annual ordinary general meeting of shareholders held in Paris on Tuesday, June 21, 2011. The total number of shares present and represented at the meeting was 54,057,098 (86.50%) being a quorum for the ordinary general meeting of shareholders. All of the resolutions were passed.

The results of each resolution are detailed as follows:

Resolution Text Votes in Favour Votes Against Votes Abstaining
1 Approval of the Company's financial statements for the 2010 fiscal year 53,899,573 112,385 45,140
2 Allocation of the results 54,057,098 0 0
3 Distribution of issuance premium 54,057,098 0 0
4 Approval of the continuation of agreements 54,009,535 47,563 0
5 Ratification of the appointment of a new director 54,022,097 35,001 0
6 Re-election of Ian Boxall as director 54,022,097 35,001 0
7 Re-election of Paul Olmsted as director 54,022,097 35,001 0
8 Election of Benjamin Little as new director 54,022,097 35,001 0
9 Re-election of Ian Smith as director 54,017,751 39,347 0
10 Re-election of David Watkins as director 54,022,097 35,001 0
11 Re-election of Brian Trnkus as director 54,022,097 35,001 0
12 Re-election of PricewaterhouseCoopers Audit SA as co-statutory Auditor 54,057,097 1 0
13 Appointment of Yves Nicolas as co-deputy auditor 54,057,097 1 0
14 Formalities 54,057,098 0 0

Mr. Brian Trnkus was appointed as Directeur-Général following the resignation of Mr. Larry Phillips who had served in that capacity since the beginning of 2009. Mr. Trnkus, who is Vice President, Corporate Controller of Iamgold Corporation, was appointed to EURO's board effective August 10, 2010.

About EURO
EURO is a French company whose principal asset is the Rosebel Royalty on gold production at the Rosebel mine operated by IAMGOLD Corporation ("IAMGOLD"). EURO has approximately 62.5 million shares outstanding. Since December 17, 2008, EURO is a majority-owned subsidiary of IAMGOLD. IAMGOLD owns today directly approximately 86% of EURO.

Statements Regarding Forward-Looking Information: Some statements in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties. There can be no assurance that future developments affecting the Company will be those anticipated by management.

Not for distribution to United States newswire services or for dissemination in the United States. The securities referred to herein have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a U.S. person absent registration, or an applicable exemption from the registration requirements of, the Securities Act.

Additional information relating to EURO Ressources S.A. is available on SEDAR at www.sedar.com.

Euro Ressources - Results of the 2010 Annual Ordinary General Meeting of Shareholders Held on June 21, 2011: http://hugin.info/143433/R/1529677/465172.pdf

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