EURO Ressources S.A.
TSX : EUR
PARIS : EUR

EURO Ressources S.A.

October 16, 2006 22:12 ET

EURO Ressources S.A.: Appointment of David Watkins as Director

PARIS, FRANCE--(CCNMatthews - Oct. 16, 2006) - EURO Ressources S.A. (TSX:EUR)(Euronext of the Bourse de Paris:EUR) today announced that David Watkins has been appointed as a director of the Company. Mr. Watkins, is President and Chief Executive Officer of Atna Resources Ltd. (TSX:ATN) and has 35 years experience in the mining industry. Mr. Watkins was President of Cyprus Exploration and Development Corporation and Senior Vice President, Exploration for Cyprus Amax Minerals Company for six years prior to joining Atna in 2001. Mr. Watkins will also serve on EURO's Compensation Committee and Audit and Corporate Governance Committee.

Mr. James Dunnett, EURO's Directeur-General, stated, "EURO is very pleased to have a mining executive of Mr. Watkin's caliber join the Board of Directors and we look forward to his participation in the development of the company. His extensive knowledge and experience in the mining industry will be of great assistance to EURO."

EURO also announced today that Mr. Jean-Pierre Prevot, who is also a director of EURO, has been appointed as Deputy Directeur-General with responsibility for EURO's activities in French Guiana. Mr. Prevot, a resident of Cayenne, French Guiana, has been a director of EURO since its establishment in 1994.

Separately, Allan Marter, President of EURO has announced his retirement from his position as a senior executive of Golden Star Resources Ltd. EURO is pleased that Allan intends to provide additional time to support the management of EURO. Allan has extensive experience in the mining industry and has held various positions with the company since 2000. He will be able to provide that experience to assist in the further development of the company's business.

EURO Ressources S.A. is a French company, presently focused on acquiring and holding mineral royalties on operating gold mines. Additionally, EURO continues to hold certain exploration and development mineral rights, principally gold, in French Guiana, which are the subject of joint venture arrangements. EURO has approximately 49.4 million shares outstanding.

Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the intentions of the Company to acquire additional royalty or mineral interests. There can be no assurance that future developments affecting the Company will be those anticipated by management.

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


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