EGU European Gold

RNS Number:5219J
European Goldfields Ltd
27 September 2006






For Immediate Release                                          27 September 2006


                  URBANISATION CERTIFICATE RECEIVED FOR CERTEJ


European Goldfields Limited (AIM: EGU / TSX: EGU) is pleased to announce that
the Hunedoara County Council has issued a General Urbanisation Certificate for
the company's 80%-owned Certej project in Romania. The certificate confirms the
designation of Certej as an industrial mining area.


In August 2006, European Goldfields announced that it expected to receive the
Urbanisation Certificate by November 2006.


Commenting on this award, David Reading, Chief Executive Officer of European
Goldfields, said: "We are delighted to have received the Urbanisation
Certificate, two months earlier than expected. This important milestone is the
first official step in the permitting process for Certej."


Clear path for permits at Certej - European Goldfields has recently completed
all necessary Environmental Impact Assessments (Levels I and II) for the Certej
project, and is now actively conducting various additional studies in support of
its permit application, including:

* a Social Impact Assessment Study, to be completed by November 2006
* an Archaeological Study, to be completed by the Ministry of Culture by
  January 2007
* an Environmental Impact Study (EIS), to be completed in Q1 2007
* a Romanian Feasibility Study (RFS), to be submitted to the government
  together with the EIS


European Goldfields already holds a mining permit for Certej, which is currently
being exploited in a small scale by Minvest S.A., the company's partner in
Romania. Minvest, the state-owned mining company, owns the remaining 20%
interest in Certej.


In Q1 2007, European Goldfields plans to submit the RFS and EIS as part of its
application for environmental and mining permits, allowing an increase in
production at Certej and the processing of ore on site. The permits and a
detailed urbanisation plan would then be expected by Q3 2007 following a
standard public consultation process with the local community. Customary
construction and public utility permits would follow later in 2007 when the
detailed engineering design has been completed for the site plant.


ECOIND and Cepromin, Romanian companies with proven track records in
environmental research and permitting procedures, and the Technical University
of Civil Engineering Bucharest have been employed to assist in preparing these
studies.



About European Goldfields

European Goldfields is a resource company involved in the acquisition,
exploration and development of mineral properties in Greece, Romania and the
Balkans.

Greece - European Goldfields holds a 65% interest in Hellas Gold S.A. Hellas
Gold owns the three major gold and polymetallic deposits of Stratoni, Skouries
and Olympias in Northern Greece. Hellas Gold commenced production at Stratoni in
September 2005 and selling an existing stockpile of Olympias gold concentrates
in July 2006. Hellas Gold is applying for permits to develop the Skouries and
Olympias projects.

Romania - European Goldfields owns 80% of the Certej project in Romania.
Resources were recently converted into Canadian NI 43-101 compliant reserves,
underpinning the value of the project. European Goldfields is now completing a
feasibility study for submission to the Romanian government in Q1 2007, in
support of a permit application to develop the project.

For further information please contact:

European Goldfields:                     website: www.egoldfields.com
David Reading, Chief Executive Officer   e-mail: info@egoldfields.com
Office: +44 (0)20 7408 9534

Buchanan Communications:                 e-mail: bobbym@buchanan.uk.com
Bobby Morse / Ben Willey
Office: +44 (0)20 7466 5000

Renmark Financial Communication:         website: www.renmarkfinancial.com
Tina Cameron                             e-mail: tcameron@renmarkfinancial.com
Office: +1 514 939 3989

Forward-looking statements

Certain information included in this news release, including any information as
to the Company's future financial or operating performance and other statements
that express management's expectations or estimates of future performance,
constitute "forward-looking statements". The words "expect", "will", "intend",
"estimate" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. The Company cautions the reader that such forward-looking
statements involve known and unknown risks, uncertainties and other factors that
may cause the actual financial results, performance or achievements of the
Company to be materially different from its estimated future results,
performance or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of future
performance. These risks, uncertainties and other factors include, but are not
limited to: changes in the worldwide price of gold, base metals or certain other
commodities (such as fuel and electricity) and currencies; the successful and
timely permitting of the Company's Skouries, Olympias and Certej projects;
legislative, political, social or economic developments in the jurisdictions in
which the Company carries on business; operating or technical difficulties in
connection with mining or development activities; the speculative nature of gold
and base metals exploration and development, including the risks of diminishing
quantities or grades of reserves; and the risks normally involved in the
exploration, development and mining business. These factors are discussed in
greater detail in the Company's Annual Information Form for the year ended 31
December 2005, filed on SEDAR at www.sedar.com. The Company disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.



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

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