European Goldfields Added to S&P/TSX Composite Index

17 March 2008 - European Goldfields Limited (TSX / AIM: EGU) is pleased to announce that its shares have been added to the S&P/TSX Composite Index, effective at the open of markets on Monday 24 March 2008.

With a market capitalisation of over US$1.1 billion, a cash balance of approximately US$220 million, an operating mine and a pipeline of three further development-stage projects in Greece and Romania, European Goldfields expects to become a mid-tier gold producer by the year 2011.

About European Goldfields
European Goldfields Limited is a resource company involved in the acquisition, exploration 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 contain gold, zinc, lead and silver, and the Skouries copper/gold porphyry project. Hellas Gold commenced production at Stratoni in September 2005 and commenced selling an existing stockpile of gold concentrates from Olympias in July 2006. Hellas Gold is applying for permits to develop the Skouries and Olympias projects.

Romania - European Goldfields owns 80% of the Certej gold/silver project in Romania. The Company submitted in March 2007 a techni cal feasibility study to the Romanian government in support of a permit application to develop the project.

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