RNS Number:8385J
European Goldfields Ltd
03 October 2006











For Immediate Release                                          3 October 2006


                    HELLAS GOLD DOUBLES SHIPMENTS IN Q3 2006


European Goldfields Limited (AIM: EGU / TSX: EGU) is pleased to announce that its
65%-owned subsidiary Hellas Gold S.A. has completed six shipments of zinc and
lead/silver concentrates from its Stratoni mine in the three-month period ended
30 September 2006 (Q3 2006), compared to three shipments in Q2 2006. Hellas Gold
also completed five shipments of gold concentrates from the Olympias stockpile
during Q3 2006, compared to none in Q2 2006.


This represents total shipments of approximately 12,000 wet metric tonnes (wmt)
zinc, 4,000 wmt lead/silver and 6,500 wmt gold concentrates in Q3 2006, compared
to shipments of 6,000 wmt zinc, 2,500 lead/silver and nil gold concentrates in
Q2 2006.


European Goldfields expects to publish its results for Q3 2006 on 14 November
2006.

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
Mobile: +44 (0)7802 875 227

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




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

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