Closing of private placement

    FOR:  EUROPEAN MINERALS CORPORATION

TSX SYMBOL:  EPM
AIM SYMBOL:  EUM

December 18, 2007

European Minerals Corporation Closes on Private Placement to Complete C$22 Million Financing

LONDON, ENGLAND--(Marketwire - Dec. 18, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

European Minerals Corporation ("EMC" or the "Company") - (TSX:EPM)(AIM:EUM) - is pleased to announce that it
has issued a total of 17,496,875 common shares of no par value in the Company at a price of C$1.28 per share
(62 pence per share), for aggregate gross proceeds of C$22,396,000 (Pounds Sterling 10,848,063) in connection
with its previously announced private placement.

EMC plans to use the net proceeds of this financing to fund advancement of its mineral projects and for general
corporate purposes.

The common shares will rank pari passu with the existing common shares in the Company and have been listed and
posted for trading on the Toronto Stock Exchange. Application has been made for the common shares to be
admitted to trading on AIM and it is anticipated that admission will occur on Wednesday, 19 December 2007.

Following the issue of shares mentioned above, the Company's total issued and outstanding share capital
consists of 302,802,981 common shares of no par value each with voting rights. None of the common shares are
held in Treasury.

Therefore, the total number of voting rights in the Company is 302,802,981.

The above figure of 302,802,981 may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a change to the interest in, the
Company under the FSA's Disclosure and Transparency Rules.

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.

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.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Information:
United Kingdom
European Minerals Corporation
Tony Williams, Chairman
+44 (0) 20 7529 7508

OR

European Minerals Corporation
Bert Kennedy
President & CEO
+44 (0) 20 7529 7508

OR

Canaccord Adams Limited
Mike Jones/Robin Birchall
+44 (0) 20 7050 6500

OR

North America
Vanguard Shareholder Solutions Inc.
Keith Schaefer
1-866-448-0780
Email: ir@vanguardsolutions.ca

                                                                
European Minerals Corporation

Euro.Mins. (LSE:EUM)
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