Company Update

 

TIDMEGU 
 
RNS Number : 4859G 
European Goldfields Ltd 
01 February 2010 
 

 
 
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| Immediate Release                                   |                                    01 February 2010 | 
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                          European Goldfields Limited 
 
                              COMPANY ANNOUNCEMENT 
 
1 February 2010 - European Goldfields Limited (TSX / AIM: EGU) (the "Company") 
announces the resignation effective January 29 2010 of Mr. Cameron Mingay as a 
director of the Company. Mr. Mingay had been a director since May 2008. The 
Company would like to express its gratitude to Mr. Mingay for his contribution 
and is finalizing the appointment of another non-executive director that shall 
be announced in due course. 
 
 
 Directors and Officers Dealings 
 
 
 Further to the Board of Directors meeting of December 10 2009, the Company 
has also granted on January 15 2010 a total of 235,513 Restricted Share Units 
("RSUs") to group employees vesting in March and December 2010 in accordance 
with the terms of the Company's Restricted Share Unit Plan. This  includes 
grants of 20,969 RSUs to Mr. Martyn Konig, 29,124 RSUs to Mr. Mark Rachovides 
and 26,365 RSUs to Mr. Tim Morgan-Wynne, all being Directors of the Company. Mr. 
Patrick Forward and Mr. Dimitris Dimitriadis being officers of the Company were 
granted 10,788 and 11,496 RSUs respectively. Logistical reasons had delayed 
announcement of this grant until today. 
European Goldfields expects to publish its financial results by 31 March 2010 in 
respect of the three-month period and year ended 31 December 2009. 
 
 
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. European Goldfields received PEIS approval from the Greek 
State covering all projects and operations in Greece in October 2009. 
 
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: 
                             Buchanan Communications: 
Martyn Konig, Executive Chairman 
Bobby Morse / Katharine Sutton 
e-mail: [e-mail] 
  e-mail: [e-mail] 
Tel: [phone] 
   Tel: [phone] 
 
RBC Capital Markets: 
Josh Critchley 
e-mail: [e-mail] 
 
Matthew Coakes 
 
e-mail: [e-mail] 
 
Daniel Conti 
e-mail: [e-mail] 
Tel: [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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