European Uranium Resources Limited - Resumes Trading

Vancouver, British Columbia (FSCwire) - European Uranium Resources Ltd. ("EUU" or the “Company”) (TSXV: EUU) advises that the Company’s shares are to resume trading at the opening of the market on Friday, March 27, 2015.

As announced on March 2, 2015, the Company has signed, on February 27, 2015, a purchase and sale agreement with Miranda Gold Corp. (“Miranda”) to purchase a 100% interest in Miranda’s Mustang, Iron Point, and Kibby Flat projects, and the assignment and assumption of Miranda’s mining lease on the Red Hill project, all located in Nevada.

To support the application for approval with the Exchange, the Company has commissioned an independently prepared Geological Report on the Mustang project. It is expected that this report will recommend a first phase drill program at the Mustang project with an estimated budget of US$150,000. This Geological Report will be filed on SEDAR shortly.

The parties’ obligations to complete the transactions remain subject to Exchange approval of all elements of these transactions on terms acceptable to the parties, and settlement of formal documentation: the closing of all of the transactions is each conditional on the closing of the other.


About European Uranium Resources Ltd.

With the pending acquisition of gold exploration properties from Miranda, the Company will be diversifying both geographically, Slovakia and Nevada and by commodity uranium and gold. On August 29, 2014, the Company signed an agreement with Forte Energy NL to allow Forte to earn a 50% interest in the Company’s Ludovika Energy and Ludovika Mining, which hold the mineral licenses comprising the Kuriskova and Novoveska Huta uranium projects. To retain its 50% interest, Forte must sole fund a minimum of $350,000 a year on the Ludovika entities over the next ten years with the first year’s expenditure of $350,000 being an obligation.


EUROPEAN URANIUM RESOURCES LTD.

"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO



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.



Contact

European Uranium Resources Ltd.
Dorian (Dusty) Nicol
(604) 536-2711
www.euresources.com