Public Consultation to be Conducted for European Goldfields' Project in Greece

European Goldfields Limited (AIM: EGU / TSX: EGU) has announced that another milestone has been reached in the permitting process for its Project in Greece.

The Environmental Impact Study ("EIS") submitted by the Company's 95%-owned subsidiary Hellas Gold SA for the development of the Project has now been reviewed by the Greek Ministry of Environment Energy and Climate Change ("MOE"). The MOE has delivered the EIS to the local authorities in Halkidiki, in North-Eastern Greece and notices were issued in local newspapers on October 30th thereby initiating the process of public consultation.

The MOE acting through a Special Technical Committee has reviewed the EIS in detail and provided important guidance to Hellas Gold in concluding that the EIS conforms to relevant Greek and EU requirements.

Public Consultation will last for 35 days from 30th of October thereby both allowing local stakeholders and potentially affected communities to offer their comments and any further views to be communicated to the Special Technical Committee as part of the conclusion of the environmental permitting process for the Project.