ANNUAL ACCOUNTS

 

TIDMEGU 
 
RNS Number : 7045U 
European Goldfields Ltd 
29 June 2009 
 

 
 
For Immediate Release 
                                       29 June 2009 
 
 
European Goldfields Limited 
 
 
ANNUAL ACCOUNTS 
 
 
29 June 2009 - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European 
Goldfields" or the "Company") confirms that the Company's annual report and 
accounts for the year ended 31 December 2008 has been posted to shareholders and 
is available from the Company's website www.egoldfields.com. 
 
 
 
 
About European Goldfields 
European Goldfields Limited is a resource company involved in the 
exploration, acquisition, mining and development of mineral properties in 
Greece, Romania and South-East Europe. 
Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas 
Gold owns three major gold and base metal deposits in Northern Greece. The 
deposits are the polymetallic operation at Stratoni, the Olympias project which 
contains gold, zinc, lead and silver, and the Skouries copper/gold porphyry 
project. Hellas Gold commenced production at Stratoni in September 2005 and 
started selling an existing stockpile of gold concentrates from Olympias in July 
2006. Hellas Gold is applying for permits to develop and build the Skouries and 
Olympias projects. 
Romania - European Goldfields owns 80% of the Certej gold/silver project in 
Romania. In July 2008, the National Agency of Mineral Resources approved the 
technical feasibility study in support of its permit application and issued a 
new mining permit for the Certej project. 
 
 
For further information please contact: 
+------------------------------------+--------------------------------------+ 
| European Goldfields:               | e-mail: [e-mail]         | 
| David Reading, Chief Executive     | Tel: [phone]             | 
| Officer                            |                                      | 
+------------------------------------+--------------------------------------+ 
| Buchanan Communications:           | e-mail: [e-mail]       | 
| Bobby Morse / Katharine Sutton     | Tel: [phone]             | 
|                                    |                                      | 
+------------------------------------+--------------------------------------+ 
| RBC Capital Markets:               | e-mail: [e-mail]       | 
| Sarah Wharry                       | Tel: [phone]             | 
+------------------------------------+--------------------------------------+ 
 
 
Forward-looking statements 
 
 
Certain statements and information contained in this document, including any 
information as to the Company's future financial or operating performance and 
other statements that express management's expectations or estimates of future 
performance, constitute forward-looking information under provisions of Canadian 
provincial securities laws. When used in this document, the words "anticipate", 
"expect", "will", "intend", "estimate", "forecast", "planned" and similar 
expressions are intended to identify forward-looking statements or information. 
Forward-looking statements include, but are not limited to, the estimation of 
mineral reserves and resources, the timing and amount of estimated future 
production, costs and timing of development of new deposits, permitting time 
lines and expectations regarding metal recovery rates. Forward-looking 
statements are necessarily based upon a number of estimates and assumptions 
that, while considered reasonable by management, are inherently subject to 
significant business, economic and competitive uncertainties and contingencies. 
The Company cautions the reader that such forward-looking statements involve 
known and unknown risks, uncertainties and other factors that may cause the 
actual financial results, performance or achievements of the Company to be 
materially different from its estimated future results, performance or 
achievements expressed or implied by those forward-looking statements and the 
forward-looking statements are not guarantees of future performance. These 
risks, uncertainties and other factors include, but are not limited to: changes 
in the price of gold, base metals or certain other commodities (such as fuel and 
electricity) and currencies; uncertainty of mineral reserves, resources, grades 
and recovery estimates; uncertainty of future production, capital expenditures 
and other costs; currency fluctuations; financing and additional capital 
requirements; the successful and timely permitting of the Company's Skouries, 
Olympias and Certej projects; legislative, political, social or economic 
developments in the jurisdictions in which the Company carries on business; 
operating or technical difficulties in connection with mining or development 
activities; the speculative nature of gold and base metals exploration and 
development, including the risks of diminishing quantities or grades of 
reserves; the risks normally involved in the exploration, development and mining 
business; and risks associated with internal control over financial reporting. 
For a more detailed discussion of such risks and material factors or assumptions 
underlying these forward-looking statements, see the Company's Annual 
Information Form for the year ended 31 December 2008, filed on SEDAR at 
www.sedar.com. The Company does not intend, and does not assume any obligation, 
to update or revise any forward-looking statements whether as a result of new 
information, future events or otherwise, except as required by law. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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