Mr. Steve Sharpe reports
EUROPEAN GOLDFIELDS - DIRECTORS DEALINGS
European Goldfields Ltd.'s Martyn Konig, executive chairman andpresident of the company, purchased on Dec. 8, 2010, 20,000 ordinary shares in thecompany at an average price of $13.45 per share. Mr. Konig'sholding in the company is now 454,457 ordinary shares.
The company also reports that on Dec. 2, 2010, as part its long-termincentive plan, the company's board of directors approved the grant ofoptions to directors of the company as listed in the associated table. The options havean exercise price of $13.95 and vest upon the satisfaction ofcertain criteria.
GRANT OF OPTIONS
Name of director Number of options granted
Martyn Konig 825,000
Mark Rachovides 550,000
Timothy Morgan-Wynne 550,000