EGU.L Regulatory News (EGU)

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For Immediate Release

PUBLIC CONSULTATION UNDERWAY FOR ROMANIAN EIS

9 March 2011 - European Goldfields Limited (AIM: EGU / TSX: EGU) (the "Company" is pleased to announce that it has reached the final stage of the environmental permitting of its Certej Project in Romania (the "Project"), with the initiation of the final public consultation process.

This will be held during the month of April and will be conducted in accordance with EU Directives and Conventions and Romanian Law. Upon the satisfactory conclusion of this final public consultation process, the environmental authorities will re-convene the Technical Analysis Committee ("TAC") to confirm the decision regarding the issuance of the environmental permit.

The final public consultation follows confirmation from the Romanian Authorities that the Environmental Impact Statement ("EIS") complies with all Romanian legislation, both from a technical and legal perspective, and notably the recent approval from CONSIB (the National Committee for Large Embankments), a specialist committee constituted under the Ministry of Environment, for the design of the Tailings Management Facilities for the Certej project.

About European Goldfields

European Goldfields is a developer-producer with globally significant gold reserves located within the European Union. The Company generates cash flow from its 95% owned Stratoni operation, a high grade lead/zinc/silver mine in North-Eastern Greece. European Goldfields will evolve into a mid-tier producer through responsible development of its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania. The Company plans future growth through development of its highly prospective exploration portfolio in Greece, Romania and Turkey.

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