Completion of marketing of private placement

    European Minerals Corporation
                                                   
                        Not for Distribution to United States Newswire Services
                               or for Dissemination in the United States
                                                   
                                                   
                             COMPLETION OF MARKETING OF PRIVATE PLACEMENT
                                                   
London,  England, 4 December, 2007 - European Minerals Corporation ("EMC" or the "Company") - TSX:EPM;
AIM:EUM  - is pleased to announce the completion of the marketing of its previously announced  private
placement. Canaccord Adams Limited, the Agent to the placement, holds orders for a total of 17,496,875
common shares of the Company at a price of C$1.28 per share (62 pence per share), for aggregate  gross
proceeds of C$22,396,000 (�10,848,063). The Company plans to use the net proceeds of this financing to
fund advancement of the Company's mineral projects and for general corporate purposes.

Closing  of  the  placement  is subject to the execution and delivery of  standard  documentation  and
satisfaction of certain conditions including, but not limited to, receipt of  all necessary  approvals
including, but not limited to, the approval of the Toronto Stock Exchange.

This  press release shall not constitute an offer to sell or the solicitation of an offer to  buy  the
securities  in  any jurisdiction.  The securities have not been and will not be registered  under  the
United  States Securities Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration requirements.

Investor Information:
United Kingdom
Tony Williams                                        Canaccord Adams Limited
Chairman                                             Mike Jones/Robin Birchall
or                                                   Tel: +44 (0) 20 7050 6500
Bert Kennedy
President & CEO

Tel:  +44 (0) 20 7529 7508

North America
Keith Schaefer ir@vanguardsolutions.ca
Vanguard Shareholder Solutions Inc.
Tel:  1.866.448.0780

Forward-Looking Statements

The foregoing information may contain forward-looking statements relating to the future performance of
the Company. Forward-looking statements, specifically those concerning future performance, are subject
to certain risks and uncertainties, including the failure to close, or a delay in the closing of, the
placement, and actual results may differ materially. These risks and uncertainties are detailed from
time to time in the Company's filings with the appropriate securities commissions.

                                                                
European Minerals Corporation

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