17th Mar 2008 15:00
European Goldfields Ltd17 March 2008 Immediate Release 17 March 2008 European Goldfields Limited European Goldfields Added to S&P/TSX Composite Index 17 March 2008 - European Goldfields Limited (TSX / AIM: EGU) is pleased toannounce that its shares have been added to the S&P/TSX Composite Index,effective at the open of markets on Monday 24 March 2008. With a market capitalisation of over US$1.1 billion, a cash balance ofapproximately US$220 million, an operating mine and a pipeline of three furtherdevelopment-stage projects in Greece and Romania, European Goldfields expects tobecome a mid-tier gold producer by the year 2011. About European Goldfields European Goldfields Limited is a resource company involved in the acquisition,exploration and development of mineral properties in Greece, Romania andSouth-East Europe. Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. HellasGold owns three major gold and base metal deposits in Northern Greece. Thedeposits are the polymetallic operation at Stratoni, the Olympias project whichcontain gold, zinc, lead and silver, and the Skouries copper/gold porphyryproject. Hellas Gold commenced production at Stratoni in September 2005 andcommenced selling an existing stockpile of gold concentrates from Olympias inJuly 2006. Hellas Gold is applying for permits to develop the Skouries andOlympias projects. Romania - European Goldfields owns 80% of the Certej gold/silver project inRomania. The Company submitted in March 2007 a technical feasibility study tothe Romanian government in support of a permit application to develop theproject. For further information please contact: European Goldfields: e-mail: info@egoldfields.comDavid Reading, Chief Executive Officer Tel: +44 (0)20 7408 9534 Buchanan Communications: e-mail: bobbym@buchanan.uk.comBobby Morse / Ben Willey Tel: +44 (0)20 7466 5000 Renmark Financial Communication: e-mail: jroy@renmarkfinancial.comJason Roy Tel: +1 514 939 3989 RBC Capital Markets: e-mail: andrew.smith@rbccm.comAndrew K Smith Tel: +44 (0)20 7029 7882 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EGU.L