Change of Nominated Advisor

LONDON, United Kingdom, Nov. 21 /PRNewswire-FirstCall/ — European Goldfields Limited (TSX / AIM: EGU) announces that it has appointed with immediate effect RBC Capital Markets as its Nominated Adviser and Broker under the AIM Rules of the London Stock Exchange.

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 contains 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 Olympias gold concentrates 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. European Goldfields submitted in March 2007 a technical feasibility study to the Romanian government, in support of a permit application to develop the project.

EUROPEAN GOLDFIELDS LTD.

CONTACT: European Goldfields: David Reading, Chief Executive Officer,info@egoldfields.com, +44 (0)20 7408 9534; Buchanan Communications: BobbyMorse / Ben Willey, bobbym@buchanan.uk.com, +44 (0)20 7466 5000; RenmarkFinancial Communication: http://www.renmarkfinancial.com/; Tina Cameron,tcameron@renmarkfinancial.com; Barbara Komorowski,bkomorowski@renmarkfinancial.com; Media – Eva Jura,ejura@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939 3717; RBC CapitalMarkets: Andrew K Smith / Johanna Virtanen, andrew.smith@rbccm.com, +44 (0)207029 7882