Immediate Release                                                                                                           3 November 2009   

European Goldfields Limited

Q3 2009 RESULTS CONFERENCE CALL & WEBCAST

3 November 2009 - European Goldfields Limited (AIM: EGU / TSX: EGU) announces that it will publish its results for the third quarter ended 30 September 2009 on Tuesday 10 November 2009.

European Goldfields will host a conference call on Tuesday 10 November 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 dialing one of the three following numbers, approximately 10 minutes before the start of the call.

From North America: (toll free) 1888 935 4575    

From UK, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Sweden & Switzerland: +44 20 7806 1951 (or toll free from the UK) 0800 028 1243

Participant pass code: 5323840

A live audio webcast of the call will be available on the following link, and a replay will be available on the same link from 12:00pm ET / 5:00pm (London, UK time):

http://mediaserve.buchanan.uk.com/2009/eg101109/registration.asp

Martyn Konig, Executive Chairman and President, will lead the discussion and will be accompanied by Mark Rachovides, Executive Vice President, Tim Morgan-Wynne, Chief Financial Officer and Pat Forward, Vice President Projects and Exploration.  The discussion will be followed by a question and answer period.

For further information please contact: