RNS Number:5340B
European Goldfields Ltd
13 April 2006


For Immediate Release                                             13 April 2006


                          European Goldfields Limited
                                (the "Company")

                            Directors' Shareholdings


The Company granted on 13 April 2006 for nil consideration options to purchase
an aggregate of 150,000 common shares of the Company to non-executive directors
pursuant to its share option plan (50,000 options to each of Philip Johnson,
Hon. Robert Kaplan and Jeffrey O'Leary). The options expire on 12 April 2011 and
are exercisable at a price of C$4.10 per share. The options vest in two equal
tranches on 13 January 2007 and 13 October 2007.


Application has today been made to London Stock Exchange plc for 538,334 common
shares without par value in the Company to be admitted to trading on AIM. These
common shares are being issued following the exercise by a former director and
an employee of share options previously granted by the Company. Admission of
these common shares is expected to become effective on 21 April 2006.


The Company was informed today that David Reading, a director of the Company,
sold on 13 April 2006 a total of 100,000 common shares without par value in the
Company at a price of #2.01 per share. David Reading retains 125,000 common
shares, 760,000 share options and 750,000 restricted share units in the Company.
The Company has 113,722,876 common shares outstanding.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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