Company Information for European Minerals Corp

TSX-EPM; AIM-EUM

www.europeanminerals.com

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TSX; EPM

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AIM; EUM

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Company Statement

European Minerals is a dual listed (London AIM / TSX) mineral exploration and development company that is developing an open pit mine at the Varvarinskoye gold-copper deposit in Northern Kazakhstan.

Independently assessed proven and probable reserves at Varvarinskoye are currently 2.2 million ounces of gold and 254 million pounds of copper at metal prices of US$525/ounce for gold and US$1.30/pound for copper. The Varvarinskoye project shows strong project economics with an initial mine life of 17 years and production is expected to commence in October 2007.

The experienced management and technical team of European Minerals have a demonstrated track record of discovery and a history of wealth creation for shareholders.

Current Operations

The Varvarinskoye Project

The Varvarinskoye project is a gold-copper deposit in the development phase. The project is wholly owned by European Minerals and currently has resources of 4.46Moz with proven and probable reserves of currently 2.2 million ounces of gold and 254 million pounds of copper at metal prices of US$525/ounce for gold and US$1.30/pound for copper. Production is expected to commence in October of 2007.

Two banks have jointly underwritten US$61 million debt financing which will provide part of the financing for the Varvarinskoye Project.

The deposit has simple metallurgy, strong economics and potential for expansion. The project is expected to treat 4.2 Mt of ore per annum with a waste to ore stripping ratio of 4.5:1 and has a current mine life of 17 years.

Varvarinskoye is situated in a rural area but is close to the industrial city of Kustanai, which has an well established mining services sector. The area has excellent infrastructure including roads, railways and power close to the project. Water is readily accessible and the flat terrain and mining culture already in existence are considered positive attributes. The regional topography is steppe with undulating and flat ground under cattle grazing and cereal crop. The climate is steppe continental with dry hot summers (average 20°c) and cold snowy winters (average -15°c) which has been taken into account in the plant design, construction schedule and operating plan, which allows it to operate 358 days on a 24/7 per year.

Geographical Spread

Kazakstan- Gold/Copper

Board of Directors and Key Management

A J Williams - Chairman European Minerals.

Mr. Williams is the founder and Chairman of the Dragon Group, a privately owned group of companies with interests in international mining finance and project management. Prior to founding the Dragon Group in 1995, he spent nine years in investment banking where he co-founded and led the Natural Resource Group at Yorkton Securities. He was integral in establishing this group as the leading exploration and development financers worldwide. He is also Non-Executive Director of European Diamonds PLC, and African Copper. In addition he is a director of Endeavour Mining Capital Corporation a publicly listed mining merchant banking and fund management company.

Bert Kennedy - CEO.

Mr Kennedy has 30 years experience as an economic geologist in the mining industry. He has worked for major and junior companies in Africa, Asia and South America, principally in gold, copper and lead/zinc exploration and mining projects, including planning, budgeting and managing major geological investigation programmes and evaluating mineral deposits

Merfyn Roberts - Non-executive Director.

Mr Roberts holds a BSc in Geology from Liverpool University and an MSc in Geochemistry from Oxford University. He began his career working as a geologist in the UK and North Africa and in 1976 he joined Thomson McLintock & Co. in London and qualified as a chartered accountant in 1980. He joined Charter Consolidated in 1982 as an equity investment analyst and in 1985 joined Target Group plc where he managed the Gold, Commodity and World Income Unit Trusts. In 1990 he joined Minorco SA in London to set up and manage Minorco;s in-house equity fund which specialised in the natural resource sectors. Between 1996 and 2000 he worked for Endeavour Securities Limited as investment director where he helped to set up and then manage a natural resource fund. Mr Roberts currently is the investment director for a BVI based investment fund and is an executive director of Ocean Resources Capital Holdings plc as well as being on the board of several junior resource based companies.

Dr. Barry D. Rayment - Director.

Dr. Rayment is a mining geologist with 30 years experience in base and precious metal exploration throughout Europe, Central America, South America, the United States and in countries of the Commonwealth of Independent States. Dr. Rayment obtained his PhD in mining geology from the Royal School of Mines, London in 1974. Since 1993 he has been President of Mining Assets Corporation, a private consulting corporation. Dr. Rayment also serves as a director of several other public exploration and mining companies. He became a director of European Minerals in 1995.

Richard Watts - General Director.

Mr Watts is a mining engineer with more than 35 years experience of operating and consulting in Africa, Europe, India, Russia and the Commonwealth of Independent States. Mr Watts has spent 10 years as general manager with Anglo American. Prior to joining European Minerals, Mr Watts was responsible for the construction and operation of the Oxus Gold;s Amantaytau Mine in Uzbekistan. Howard Nicholson - Technical Manager. Howard Nicholson is a metallurgical engineer with 23 years experience in the gold processing and base metal arenas, possessing a very strong matrix of operational management, project development / management and evaluation skills. Specialist expertise in the treatment of refractory gold ore types, particularly the use of bacterial oxidation processes, during 10 years with Ashanti Goldfields in Ghana. Responsible for operation of all Ashanti processing plants which included the construction of the largest bio-oxidisation circuit in the world.

Company Address

22 Grosvenor Square
London, United Kingdom W1K 6LF


Telephone:	+44 (0)20 7529 7508
Facsimile:	+44 (0)20 7491 2244
Email:	info[at]europeanminerals.com
Website:	http://www.europeanminerals.com

Capital

Shares in Issue: 279,253,606
Fully Diluted: 433,861,496

Annual General Meeting

June

Year End

December 31

Nominated Brokers

Canaccord Adams

Nominated Advisors