EURO RESSOURCES S.A. IAMGold Announces Expansion Plans at Rosebel Gold Mine

    PARIS & TORONTO, March 19 /CNW/ - EURO Ressources S.A. ("EURO") (TSX:EUR)
(Paris:EUR) reported today that IAMGold Corporation ("IAMGold") announced that
it has budgeted for an expansion of gold production at the Rosebel gold mine
during 2007. EURO holds a 10% royalty interest in gold production from the
Rosebel mine.

    IAMGold's proposal was announced during a conference telephone call with
analysts on March 15, 2007. The proposed production expansion is expected in
the second half of 2007 at a budgeted cost of approximately $25 million. A
recording of this conference telephone call is available through IAMGold's

    IAMGold also announced in a news release dated March 15, 2007 that actual
gold production at the Rosebel mine during 2006 was 300,000 ounces and is
forecast to be 270,000 ounces for 2007. IAMGold has previously announced that
there was no production at the mine during the three week period of the strike
earlier this year.

    James Dunnett, EURO's Directeur-General, stated "We are most encouraged
to learn today of IAMGold's intention to expand production at Rosebel in
second half 2007. We expect this could have a significantly beneficial impact
on our future revenue from the Rosebel Royalty. The lower gold production
forecast for 2007, in part, reflects the impact of the recent strike."

    About EURO

    EURO is a French company, presently focused on acquiring and holding
mineral royalties and similar interests on operating gold mines. Additionally,
EURO continues to hold certain exploration and development mineral rights,
principally gold, in French Guiana, which are the subject of joint venture
arrangements. EURO has approximately 50.5 million shares outstanding.

    Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially.
Such statements include comments regarding the intentions of the Company to
acquire additional royalty or mineral interests. There can be no assurance
that future developments affecting the Company will be those anticipated by

    Not for distribution to United States newswire services or for
dissemination in the United States. The securities referred to herein have not
been registered under the US Securities Act of 1933 and may not be offered or
sold in the United States or to a US person absent registration or an
applicable exemption from registration.

    Additional information relating to EURO Ressources S.A. is available on
SEDAR at Further requests for information should be addressed

    James H. Dunnett,               Susanne A. Hermans
    Directeur-General               Vice-President Finance
    Tel: +1 604 710 2242            Tel: +1 303 204 7771
    Email :       Email :

For further information:

For further information: For EURO Ressources S.A. James H. Dunnett, +1
604-710-2242 Directeur-General Susanne A. Hermans, +1
303-204-7771 Vice-President Finance

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