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

EURO Ressources S.A.

April 12, 2006 09:51 ET

EURO Ressources S.A.: No Material Developments

PARIS--(CCNMatthews - Apr 12, 2006) -

EURO Ressources S.A. (TSX: EUR)(Euronext of the Bourse de Paris: EUR) confirmed today that there are no unannounced material developments that may account for the recent increases in trading volume and price of the Company's common shares on the Toronto Stock Exchange and on the Euronext Exchange in Paris.

As previously announced, EURO's common shares recently commenced trading on a continuous basis on Euronext, a development that has resulted in greatly enhanced liquidity in the French marketplace. Prior to March 20, 2006, its common shares traded on a two quotation per day basis in Paris.

James H. Dunnett, Euro's Directeur-General, said: "We believe that EURO is the only stock listed on any part of the Paris Bourse that is focussed solely on gold. EURO's principal asset is the Rosebel Royalty, which is a significant interest in the Rosebel gold mine in Suriname. As mentioned in our previous news releases, Cambior Inc., the operator of Rosebel, has recently announced increased gold resources at the property which is positive for future royalty income."

"EURO is strongly leveraged to any increase in the price of gold and the recent increases in the price of gold correlate with our strong price performance in the market. EURO continues to retain its gold property interests in French Guiana which are also favourably influenced by the increasing price of gold."

EURO Ressources S.A. is a French company, presently focused on acquiring and holding mineral royalties on operating gold mines and holds 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.

Additional information relating to EURO Ressources S.A. is available on SEDAR at www.sedar.com. Further requests for information should be addressed to:

Caution regarding forward-looking statements: Statements regarding EURO's results and royalty income in relation to the price of gold are forward-looking statements. There can be no assurance that the price of gold will remain favourable or that EURO will continue to benefit from an increasing price for gold.

Contact Information

  • EURO Ressources S.A.
    James H. Dunnett, +1 604 710 2242
    Directeur-General
    +1 604 608 3283 (FAX)
    Email: jhdunnett@aol.com
    or
    Susanne A. Hermans, +1 303 204 7771
    Vice-President Finance
    Email: shermans@gsr.com