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For Immediate Release                                                                                               26 February 2009

European Goldfields Limited

2008 RESULTS CONFERENCE CALL & WEBCAST

26 February 2009 - European Goldfields Limited (AIM: EGU / TSX: EGU) announces that it will publish its results for the year ended 31 December 2008 on Thursday 19 March 2009.

European Goldfields will host a conference call on Thursday 19 March 2009 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 dialling one of the three following numbers, approximately 10 minutes before the start of the call.

From North America: (toll free) 1 866 793 4279

From the UK, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Sweden & Switzerland: +44 (0)20 8609 1435 or (toll free from the UK) 0808 109 1498

Participant pass code: 887754#

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

http://mediaserve.buchanan.uk.com/webcasts/room8audio/lrframes.htm

A replay of the webcast will be available on:

http://mediaserve.buchanan.uk.com/webcasts/eg190309/lrframes.htm

David Reading, Chief Executive Officer, will lead the discussion and will be accompanied by Tim Morgan-Wynne, Chief Financial Officer and Mark Rachovides, Executive Vice President. The discussion will be followed by a question and answer period.

For further information please contact: