WHITEHORSE, YT--(Marketwire - September 7, 2010) -

                         European Goldfields Limited

                              DIRECTORS DEALINGS

European Goldfields Limited (TSX / AIM: EGU)
("European Goldfields" or the "Company") reports that Martyn Konig,
Executive Chairman and President of the Company, has purchased an
additional 25,000 shares in European Goldfields on 5 September 2010 at
an average price of CDN $9.97807

Following the purchase, Mr Konig's holding in the Company is 434,457
ordinary shares or 0.24% of the Company's current issued share capital.

The Company was notified of the share purchase on 6 September 2010.

About European Goldfields

European Goldfields is a developer-producer with globally significant
gold reserves located within the European Union. The Company generates
cash flow from its 95% owned Stratoni operation, a high grade lead/zinc
/silver mine in North-Eastern Greece. European Goldfields will evolve
into a mid tier producer through responsible development of its project
pipeline of gold and base metal deposits at Skouries and Olympias in
Greece and Certej in Romania. The Company plans future growth through
development of its highly prospective exploration portfolio in Greece,
Romania and Turkey.

For further information please see the Company's website at

For further information please contact:

European Goldfields                      Liberum Capital Limited
Steve Sharpe, VP Business Development    Simon Atkinson
e-mail: info@egoldfields.com             Tom Fyson
Tel: +44 (0)20 7408 9534                 Tel: +44 (0)20 3100 2000

Buchanan Communications                  Evolution Securities Limited
Bobby Morse / Katharine Sutton           Rob Collins
e-mail: bobbym@buchanan.uk.com           Tim Redfern
Tel: +44 (0)20 7466 5000                 Tel: +44 (0)20 7071 4300

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

Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com