European Uranium Provides Update on GRIT Financing

European Uranium Resources, Ltd. (EUU: TSX-V; EUUNF: OTCQX; TGPN: Frankfurt) has previously announced a financing with Global Resources Investment Trust Plc (“GRIT”). GRIT has been established to exploit investment opportunities in the junior mining and natural resources sectors worldwide, with an investment objective to generate medium and long-term capital growth. Further to the Company’s news releases of November 7, 2013, December 23, 2013 and January 21, 2014 respecting the Company’s $1.25 million private placement with GRIT, the Company has been informed by GRIT that GRIT’s listing on the London Stock Exchange is expected to become effective on March 7, 2014. Accordingly, the closing of the GRIT placement is expected to happen on March 7, 2014. The Company will issue a further news release on closing. Particulars of the GRIT placement are set out in the foregoing news releases.

EUROPEAN URANIUM RESOURCES LTD.

"Dusty Nicol"

Dorian L. (Dusty) Nicol, President and CEOFor further information please contact: Dorian (Dusty) Nicol, at [phone], or visit www.euresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the closing of the GRIT placement. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

European Uranium Resources, Ltd.Dorian (Dusty) Nicol, 604-536-2711President and CEOwww.euresources.com