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European Minerals Corp: Varvarinskoye Update
Wednesday November 7, 9:00 am ET
- Plant Commissioning has Commenced
- One Million Tonnes of Ore on Stockpile
- Drilling for Additional Mineralisation Underway


LONDON, ENGLAND--(Marketwire - Nov. 7, 2007) -
Project Update

European Minerals Corporation ("EMC" or the "Company") (TSX:EPM - News; AIM:EUM) is pleased to report that the staged commissioning of the process plant at its Varvarinskoye gold/copper project in Northern Kazakhstan is proceeding on schedule. Mechanical testing of the major items of equipment is complete. This "cold" commissioning phase is being managed by the Company's in-house commissioning team, which has considerable regional and cold weather experience. The commissioning team has been on site since early October 2007, initially training the Company's process plant operators and assisting the construction team in preparation for the "cold" commissioning of the process plant.

Mining in the central pit is ongoing and over one million tonnes of various ore types have already been delivered to the run of mine stockpile to be available for crushing and delivery into the grinding circuits.

The Company plans to begin introducing ore into the process plant by mid November 2007 and this will mark the commencement of "hot" commissioning. This phase of the staged commissioning will continue through the winter months with the objective of gradually building up the daily throughput tonnage until the process plant reaches its design rate of 4.2 million tonnes of ore per annum. The Company expects to achieve this initial annual throughput rate during Q2 2008, assuming no delays are experienced due to winter commissioning. The commencement of the "hot" commissioning stage by mid November 2007 should result in a first gold pour before the end of December 2007.

Bert Kennedy, President and CEO commented today:

"As forecast 12 months ago, our Company has successfully met its target of commencing cold commissioning of the Varvarinskoye process plant in October 2007, despite late delivery of some final pieces of equipment and some minor last minute equipment modifications. For that our thanks go to everyone involved in this major achievement.

With the introduction of ore into the plant in the next few weeks we face full commissioning over the winter months. While this is not ideal, it is something we have planned for and we are confident that our staff will meet this challenge with the same resolve that has enabled us to complete construction on schedule.

We are still on target to reach commercial production by the end of Q1 2008."

Additional Drilling

During September two diamond drilling rigs were mobilised at Varvarinskoye to undertake drilling to delineate additional mineralisation within the current mining limits and beneath the planned pit bottom. Results from this drilling will be reported as they become available.

In addition, a 2,500 metre drilling programme will commence shortly to test various gold and copper geological anomalies within the 220 sq km exploration licence which surrounds the 3 sq km Varvarinskoye mining licence.

About Varvarinskoye

The Company regularly updates its website at www.europeanminerals.com with photographs illustrating progress on the Varvarinskoye project.

Additional information with respect to Varvarinskoye including the "Varvarinskoye Gold/Copper Project Bankable Feasibility Study" dated November 2004 and the independent estimates of current estimated mineral resources and reserves can be obtained from EMC's filings on SEDAR at www.sedar.com.

Bert Kennedy, the Company's President and Chief Executive Officer, is the "qualified person" (as such term is defined in National Instrument 43-101) responsible for the technical and scientific information in this press release.