European Goldfields Limited - DIRECTORS DEALINGS

WHITEHORSE, March 18 /CNW/ --
WHITEHORSE, March 18 /CNW/ - European Goldfields Limited (TSX / AIM: EGU) ('European Goldfields' or the 'Company') reports that on 16(th) March 2011, a company beneficially owned by Mrs. Alfred Vinton the wife
of Mr. Alfred Vinton, a Non-Executive Director of the Company,
purchased 15,000 shares in the Company at an average price of C$
11.56822.   Mr. Vinton, via Mrs. Vinton's holding, now has an indirect
interest in the Company of 63,900 ordinary shares.

The Company was notified of the share purchase on 17(th) March 2011. 

About European Goldfields 

European Goldfields is a developer-producer with globally significant
gold reserves located within the European Union. The Company generates
cash flow from its 95% owned Stratoni operation, a high grade
lead/zinc/silver mine in North-Eastern Greece. European Goldfields will
evolve into a mid tier producer through responsible development of its
project pipeline of gold and base metal deposits at Skouries and
Olympias in Greece and Certej in Romania. The Company plans future
growth through development of its highly prospective exploration
portfolio in Greece, Romania and Turkey.

For further information please see the Company's website at www.egoldfields.com

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