SAN DIEGO, July 11 /PRNewswire-FirstCall/ -- Eastern Goldfields, Inc. (OTC:EGDD) (BULLETIN BOARD: EGDD) ("EGI") is pleased to announce today that, on July 7, 2008, the Financial Industry Regulatory Authority ("FINRA") cleared the request of World Trade Financial Corporation ("WTFC"), a registered broker-dealer, to list the Company's common stock on the Over-the-Counter Bulletin Board (OTC BB) market. "This represents a further milestone in our continuous effort towards creating value for our shareholders," said Michael McChesney, President and Chief Executive Officer. "Listing of our shares on the OTC BB provides to our shareholders the opportunity for increased liquidity and more accurate valuation not previously feasible while our shares were listed on the Pink Sheets. A major effort has been made in achieving this status and we are thankful to our shareholders for their support and patience." About EGI: EGI is a growing company engaged in the mining, exploration and acquisition of gold properties in some of Southern Africa's most prospective regions. FORWARD-LOOKING STATEMENTS This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially either because one or more predictions or assumptions, prove to be erroneous or as a result of other risks facing the company. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the likelihood that the assumptions and estimates made, a decline in the price of gold, adverse labor conditions in the mining labor market in South Africa, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events. DATASOURCE: Eastern Goldfields, Inc. CONTACT: William M. Aul, +1-619-497-2555, for Eastern Goldfields, Inc.

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