RNS Number:1445Z
European Goldfields Ltd
27 May 2004



27 May 2004


                          European Goldfields Limited

                        Annual General Meeting Statement

At the Annual General Meeting of European Goldfields Limited (AIM: EGU / TSX-V:
EGU) to be held later today, the President and CEO, Ed Baer, will say:

"Significant progress has been made across the Company in 2004. A new,
experienced team has been fully installed, the Company successfully gained
admission to AIM and a clear focus mapped out with which to drive the Company
forward. We continue our regional exploration programs in Romania and the
recently announced #10 million private placement proposed by Commerzbank AG is
intended to be used to increase our 30% interest in Hellas Gold SA, which has
mining concessions in respect of three projects in the Chalkidiki area of
Greece. We look to the future with confidence."

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:

European Goldfields Limited
Ed Baer, President and CEO
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


The TSX Venture Exchange has not reviewed and does 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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