RNS Number:7100F
European Goldfields Ltd
29 November 2004


                                                                         Level 3
                                                              11 Berkeley Street
                                                                  London W1J 8DS
                                                                  United Kingdom
                                                       Phone: +44 (20) 7408 9534
                                                         Fax: +44 (20) 7408 9535



For Immediate Release                                           29 November 2004



                            European Goldfields Limited

                Hellas Gold Acquisition Approved by Shareholders


European Goldfields Limited (AIM: EGU / TSX-V: EGU) (the "Company"), a resource
company involved in the acquisition, exploration and development of mineral
properties in Romania, Greece and the Balkans, is pleased to announce that the
Company's shareholders approved today in a special meeting the previously
announced acquisition of an additional 35% interest in Hellas Gold S.A.

The transaction remains conditional upon completion of the acquisition and
related placing of shares, and the re-admission of the Company's shares to
trading on AIM ("Admission"). Admission is expected to become effective on 30
November 2004.



For further information please contact:

European Goldfields:
David Reading, Chief Executive Officer
David Grannell, Chief Financial Officer

London Office: +44 (0)20 7408 9536            e-mail: info@egoldfields.com
London Mobile: +44 (0)7703 190 652            website: www.egoldfields.com


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



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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