European Minerals Corporation Learns of Possible Claim, Lero Gold Corp. Reschedules Shareholder Meeting to June 12, 2008

European Minerals Corporation ("EMC") (TSX:EPM)(AIM:EUM) announces that it has
learned of a Statement of Claim (the "Claim") issued in the Ontario Superior
Court of Justice (Court File No. 58422CP) against EMC and two of its officers.
The Claim, which has not yet been served on any of the defendants, names Bernard
Szuszkiewicz as a proposed representative plaintiff in a proposed class
proceeding on behalf of persons who acquired securities of EMC during the period
from May 16, 2007 until March 31, 2008. The Claim relates to the announcement by
EMC on March 31, 2008 that it was reviewing its accounting for derivatives to
ensure compliance with certain provisions of the CICA Handbook and that it
anticipated that such review would result in a restatement of EMC's interim
financial statements for the first three fiscal quarters of 2007. The financial
statements were restated and were subsequently issued by EMC on April 11, 2008
and filed on SEDAR (www.sedar.com). The plaintiff is claiming general and
special damages in the amount of CAD$50,000,000 and punitive damages in the
amount of CAD$5,000,000. The claim has not yet been certified as a class action.
EMC believes that the Claim is without merit and intends to vigorously dispute
the Claim if and when it is served.


Lero Gold Corp. ("Lero") (TSX VENTURE:LER) has reviewed the Claim with EMC. Each
of Lero (after taking advice from its financial advisor Canaccord International
Ltd.), its special committee (after taking advice from its financial advisor PI
Financial Corp.) and EMC (after taking advice from its financial advisor
Endeavour Financial International Corporation), continue to support the business
combination between Lero and EMC. Accordingly, Lero is proceeding to consider
the proposed business combination at a reconvened meeting of its shareholders to
be held on Thursday, June 12, 2008, after the meeting was adjourned from June
10, 2008. The reconvened meeting will be held at 9:00 am (Vancouver time) on
Thursday, June 12, 2008 at 2nd Floor, 888 Dunsmuir Street, Vancouver, British
Columbia.