Change of Nominated Advisor

    LONDON, United Kingdom, Nov. 21 /CNW Telbec/ - European Goldfields
Limited (TSX / AIM: EGU) announces that it has appointed with immediate effect
RBC Capital Markets as its Nominated Adviser and Broker under the AIM Rules of
the London Stock Exchange.

    About European Goldfields

    European Goldfields Limited is a resource company involved in the
acquisition, exploration and development of mineral properties in Greece,
Romania and South-East Europe.

    Greece - European Goldfields holds a 95% interest in Hellas Gold S.A.
Hellas Gold owns three major gold and base metal deposits in Northern Greece.
The deposits are the polymetallic operation at Stratoni, the Olympias project
which contains gold, zinc, lead and silver, and the Skouries copper/gold
porphyry project. Hellas Gold commenced production at Stratoni in September
2005 and commenced selling an existing stockpile of Olympias gold concentrates
in July 2006. Hellas Gold is applying for permits to develop the Skouries and
Olympias projects.

    Romania - European Goldfields owns 80% of the Certej gold/silver project
in Romania. European Goldfields submitted in March 2007 a technical
feasibility study to the Romanian government, in support of a permit
application to develop the project.

For further information:

For further information: European Goldfields: David Reading, Chief
Executive Officer,, +44 (0)20 7408 9534; Buchanan
Communications: Bobby Morse / Ben Willey,, +44 (0)20
7466 5000; Renmark Financial Communication:; Tina
Cameron,; Barbara Komorowski,; Media - Eva Jura,, (514) 939-3989, Fax: (514) 939 3717; RBC Capital
Markets: Andrew K Smith / Johanna Virtanen,, +44 (0)20
7029 7882

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