2009 RESULTS CONFERENCE CALL & WEBCAST

For Immediate Release 8 March 2010

European Goldfields Limited

2009 RESULTS CONFERENCE CALL & WEBCAST

8 March 2010 - European Goldfields Limited (AIM: EGU / TSX: EGU) would like to confirm the details for the webcasting of its annual results on Thursday 18 March 2010.

European Goldfields will host a conference call on Thursday 18 March 2010 at 11:00 a.m. ET / 3:00 pm (London, UK time) to update investors and analysts on its results.

Participants may join the call by dialling one of the three following numbers, approximately 10 minutes before the start of the call.

From North America: (toll free) 1 888 935 4577

From UK: (toll free) 0800 028 1277

From rest of world: +44 (0)20 7806 1957

Participant pass code: 3174447

A live audio webcast of the call will be available on:

http://mediaserve.buchanan.uk.com/2010/eg180310/registration.asp

A replay of the webcast will be available on the same link from 5pm on Thursday 18 March 2010.

Martyn Konig, Executive Chairman and President, will lead the discussion and will be accompanied by Mark Rachovides, Executive Vice President, Tim Morgan-Wynne, Chief Financial Officer and Pat Forward, Vice President Projects and Exploration. The discussion will be followed by a question and answer period.

For further information please contact:

European Goldfields: Buchanan Communications:

Martyn Konig, Executive Chairman Bobby Morse / Katharine Sutton

e-mail: info@egoldfields.com e-mail: bobbym@buchanan.uk.com

Tel: +44 (0)20 7408 9534 Tel: +44 (0)20 7466 5000

RBC Capital Markets:

Josh Critchley

e-mail: joshua.critchley@rbccm.com

Matthew Coakes

e-mail: matthew.coakes@rbccm.com

Tel: +44 (0) 020 7653 4000