Q2 2007 results conference call & webcast

    WHITEHORSE, YK, Aug. 1 /CNW Telbec/ - European Goldfields Limited
(AIM: EGU / TSX: EGU) announces that it will publish its results for the
second quarter ended 30 June 2007 on Wednesday 8 August 2007.
    European Goldfields will host a conference call on Wednesday 8 August
2007 at 10:00 a.m. ET / 3:00 pm (London, UK time) to update investors and
analysts on its results.
    Participants may join the call by dialing one of the three following
numbers, approximately 10 minutes before the start of the call.

    From North America: (Local) 416-644-3423 or (toll free): 1-800-589-8577
    From the U.K. & France (toll free): 00-800-0000-2288
    From Austria, Belgium, Denmark, Germany, Ireland, Iceland, Netherlands,
    Norway, Sweden, Switzerland and Italy (toll free): 00-800-0022-8228

    A live audio webcast of the call will be available on:

    For those unable to join the live conference call, a replay will be
available until 15 August 2007 at midnight by dialing (toll free)
1-877-289-8525 or 1-416-640-1917, Passcode 21241908#.
    David Reading, Chief Executive Officer, will lead the discussion and will
be accompanied by Tim Morgan-Wynne, Chief Financial Officer. The discussion
will be followed by a question and answer period.

    About European Goldfields

    European Goldfields 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 project of
Olympias 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, Office: +44 (0)20 7408 9534, info@egoldfields.com; RBC
Capital Markets: Patrick Meier; Peter Barrett-Lennard, Office: +44 (0)20 7653
4093; Evolution Securities: Simon Edwards; Neil Elliot, Office: +44 (0)20 7071
4300; Buchanan Communications: Bobby Morse; Ben Willey, Office: +44 (0)20 7466
5000, bobbym@buchanan.uk.com; Renmark Financial Communication: Neil G.
Murray-Lyon: nmurraylyon@renmarkfinancial.com; Barbara Komorowski:
bkomorowski@renmarkfinancial.com; Media - Eva Jura:
ejura@renmarkfinancial.com, Office: (514) 939-3989, Fax: (514) 939-3717,

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