European Uranium Update

European Uranium Resources Ltd. (EUU: TSX-V; (EUUNF:OTCQX; TGPN:
Frankfurt) provides an update on the progress of work on its 100% held
Kuriskova uranium deposit in Slovakia and its 100% held Asento
exploration project in Finland.

The Company plans to complete a feasibility study on the Kuriskova
project by the end of 2014 or possibly first quarter 2015. Before
awarding the contract to conduct the study the Company has been
continuing critical path work that will be needed to stay on this time
line. In the first half of 2013 this work has comprised metallurgical
test work and environmental and social programs including baseline data
collection.

A drilling program for obtaining composite samples for metallurgical
test work was completed in 2012 and composite samples from that program
have been shipped for testing to AREVA′s laboratory facility at
Bessines, France. The test work began in January 2013 as part of the
Company′s pre-paid technical services agreement with AREVA. Testing is
ongoing and all the results will be available for inclusion in the
feasibility study. The Company′s environmental and social programs in
Slovakia have an expanded focus on regional and local stakeholder
engagement to continue to build support for the project and facilitate
the permitting process.

The results of the NI 43-101 preliminary feasibility study completed in
early 2012 demonstrate that the company′s Kuriskova project would be
among the highest-grade and lowest cost uranium producers in the world.
The study not only illustrates the robust economics of the Kuriskova
project but also the competitive advantages it has over other uranium
projects as a result of its high-grade resource and expected low
operating costs. The study also indicates that Kuriskova could be built
and operated using Best Available Technology with minimal surface
footprint and environmental impact.

In early 2012, the Company acquired a portfolio of exploration licenses
and applications for uranium projects in Finland and Sweden. In March
2013, the Company was awarded a three-year exploration license for the
Asento ('10,000 Boulders?) project in north-central Finland covering
3,556.6 hectares. This is a new discovery where a large number of
mineralized boulders have been identified and the project area is
considered prospective for vein-style hydrothermal uranium deposits
within Archean granites. Now that the exploration license has been
granted the Company will begin planning a summer exploration program for
this project.

Qualified Person

This release has been reviewed and approved for the Company by Dorian L.
(Dusty) Nicol, President and CEO of the Company, and a Qualified Person
as defined in NI 43-101.

About European Uranium Resources Ltd.

European Uranium Resources Ltd. is a dedicated European uranium
exploration and development company that has built a portfolio of
outstanding projects in Slovakia, Sweden and Finland at all stages of
the exploration / development pipeline. European Uranium is well placed
to become the key uranium exploration and development company in Europe.
Europe is the world′s largest per capita consumer of uranium with 160
reactors and more under construction or planned, but with only one
currently operating uranium mine. The Company′s Kuriskova Project in
Slovakia could be one of the world′s lowest cost uranium producers.
European Uranium has a strong base of supportive shareholders including
AREVA, ranked first in the global nuclear power industry and a key
player in uranium mining and nuclear operations on a world-wide basis.

EUROPEAN URANIUM RESOURCES LTD.

'Dusty Nicol'

Dorian L. (Dusty) Nicol, President and CEO

For further information please contact: Doris Meyer, at ?(604) 536-2711,
or visit www.euresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:

This news release contains forward-looking statements that are based on
the Corporation's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as 'plan',
'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate',
'suggest', 'indicate' and other similar words or statements that certain
events or conditions 'may' or 'will' occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to continue
to be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing; and
fluctuations in metal prices. There may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable securities
laws, the Corporation disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.

European Uranium Resources Ltd.

Doris Meyer, 604-536-2711

www.euresources.com