RNS Number:2739Q
European Goldfields Ltd
17 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 to
announce 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 of
approximately US$220 million, an operating mine and a pipeline of three further
development-stage projects in Greece and Romania, European Goldfields expects to
become 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 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
contain 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 gold concentrates from Olympias 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. The Company 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 please contact:

European Goldfields:                       e-mail: info@egoldfields.com
David Reading, Chief Executive Officer     Tel: +44 (0)20 7408 9534

Buchanan Communications:                   e-mail: bobbym@buchanan.uk.com
Bobby Morse / Ben Willey                   Tel: +44 (0)20 7466 5000

Renmark Financial Communication:           e-mail: jroy@renmarkfinancial.com
Jason Roy                                  Tel: +1 514 939 3989

RBC Capital Markets:                       e-mail: andrew.smith@rbccm.com
Andrew K Smith                             Tel: +44 (0)20 7029 7882



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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