RNS Number:9665E
AIM
08 November 2004


         ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS 
                            DAYS PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
European Goldfields Limited
COMPANY ADDRESS:
C/o Campion Macdonald, Suite 200 Financial Plaza, 204 Lambert Street, 
Whitehorse, Yukon, Canada
COMPANY POSTCODE:
Y1A 3T2
COUNTRY OF INCORPORATION:
Yukon, Canada
COMPANY BUSINESS:
The Company is engaged in the acquisition, exploration and development of 
precious and base metals mineral resource properties primarily in Romania and 
Greece.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, 
nominal value and issue price):
110,993,713 Common Shares without par value
CAPITAL TO BE RAISED ON ADMISSION:
#40 million to be raised on Admission (gross of expenses)
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
David John Richard Reading (Chief Executive Officer)

Christopher David Grannell (Chief Financial Officer)

Glenn Robert Featherby (Non-Executive Director)

Philip Irving Johnson (Non-Executive Director)

Hon. Robert Philip Kaplan P.C., Q.C. (Non-Executive Director)

Dimitrios Koutras (Proposed Non-Executive Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER 
ADMISSION:
Following Admission:


Vasile Frank Timis                           18.89%
Dimitrios Koutras                            12.68%
Commerzbank A.G.                             11.32%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
2, PARAGRAPH (G) OF THE AIM RULES.
None
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December
EXPECTED ADMISSION DATE:
30 November 2004
NAME AND ADDRESS OF NOMINATED ADVISER:
Evolution Securities Limited, 9th Floor, 100 Wood Street, London EC2V 7AN
NAME AND ADDRESS OF BROKER:
Evolution Securities Limited, 9th Floor, 100 Wood Street, London EC2V 7AN
DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE 
APPLICANT AND THE ADMISSION OF ITS SECURITIES. 
www.sedar.com
DATE OF NOTIFICATION:
8 November 2004
NEW/ UPDATE (see note):
New
LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE 
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE
STATEMENT

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE
DATE OF ITS ADMISSION

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.





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