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Director's Shareholding

2nd Jun 2006 12:18

European Goldfields Ltd02 June 2006 For Immediate Release 2 June 2006 European Goldfields Limited (the "Company") Director's Shareholding The Company granted on 1 June 2006 for nil consideration options to purchase anaggregate of 600,000 common shares of the Company to Timothy Morgan-Wynne, theCompany's newly appointed Director and Chief Financial Officer, under theCompany's Share Option Plan. The options expire on 31 May 2011 and areexercisable at a price of C$3.85 per share. The options vest in three equaltranches on 1 December 2006, 1 June 2007 and 1 December 2007. For further information please contact: European Goldfields: e-mail: [email protected] Dupuis website: www.egoldfields.comOffice: +44 (0)20 7408 9534 Buchanan Communications: e-mail: [email protected] Morse / Ben WilleyOffice: +44 (0)20 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange

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