RNS Number:3951Y
European Goldfields Ltd
06 May 2004


For Immediate Release                                    6 May 2004


                          European Goldfields Limited

                                Grant of Options

European Goldfields Limited (AIM: EGU / TSX-V: EGU) (the "Company") announces
the grant of options to purchase an aggregate of 300,000 common shares of the
Company to directors and employees of the Company pursuant to its share option
plan. Of the options granted, Mr. Philip Johnson, a non-executive Director of
the Company, was granted options to purchase 250,000 common shares. The options
are exercisable at a price of C$4.20 per share and expire on 5 May 2009.

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

For Further Information:

IR/Media Contact:
Ed Baer
London Office: +44 (0)20 7763-7118 e-mail: info@egoldfields.com
London Mobile: +44 (0)77 4681-5902 website: www.egoldfields.com

Buchanan Communications +44 (0)20 7466 5000

Tim Thompson / Catherine Miles


       AIM & The TSX Venture Exchange have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release and the information
                               contained herein.




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

END
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