Euro Ressources : EURO Ressources S.A. Announces Amended Canadian Filings for 2006

EURO Ressources S.A. (TSX:EUR)(Paris:EUR) has filed with the Canadian securities regulatory authorities amended and restated management's discussion and analysis for the year ended December 31, 2006, which now includes disclosure of the conclusions of EURO's senior executives as to the effectiveness of EURO's disclosure controls and procedures.

EURO has also filed a new technical report regarding the Rosebel Royalty, and has amended and restated its annual information form in respect of the year ended December 31, 2006 to reflect the disclosure set out in the new technical report. The new technical report does not identify any changes to the reserves or resources at IAMGOLD Inc.'s Rosebel Gold Mine.

The new and amended documents were prepared at the request of Canadian securities regulatory authorities following their review of EURO's continuous disclosure record in connection with EURO's application for approval of a proposed rights offering to shareholders.

James H. Dunnett, Directeur-Général of EURO commented: ?We have given active consideration to undertaking a small rights issue to augment the Company's equity and provide liquidity to repay some of our high cost borrowing from Golden Star. We also have an option from Golden Star to settle the remaining amounts due on the purchase of the Rosebel Royalty: this option is likely to prove an attractive use of proceeds, particularly if IAMGOLD undertakes the possible expansion of production at Rosebel.

?While we have largely completed the regulatory process to enable us to proceed with a rights issue, there remain some outstanding matters that would further delay the closing of a rights issue until late July or August. Accordingly, management has determined not to proceed with a rights issue at this time.

?We will continue to monitor market conditions and may, in future, undertake an offering, which would enable us to substantially reduce our indebtedness. We have also had discussions with our principal bankers, Macquarie Bank Limited, regarding the restructuring of our existing gold hedge commitments. These discussions are ongoing, but envision that on repayment of our indebtedness to Macquarie, the Company would be able to consider payment of dividends, subject to a reduction in our hedge commitments.?

Copies of the amended and restated management's discussion and analysis, the new technical report and the amended and restated annual information form are available under EURO's profile at www.sedar.com.

About EURO

EURO is a French company, presently focused on acquiring and holding royalties and similar interests on operating gold mines. EURO also holds certain gold mineral rights in French Guiana including Paul Isnard which comprises 8 concessions and a PER over 140 sq. km. EURO has approximately 50.5 million shares outstanding.

Statements Regarding Forward-Looking Information: Some statements in this news release are forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties. Such statements include comments regarding the Company's intentions with respect to undertaking offerings of securities, restructuring its gold hedge commitments, repaying indebtedness and paying dividends. There can be no assurance that future developments affecting the Company will be those anticipated by management.

Not for distribution to United States newswire services or for dissemination in the United States. The securities referred to herein have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States or to a US person absent registration or an applicable exemption from registration.

Additional information relating to EURO Ressources S.A. is available under EURO's profile on SEDAR at www.sedar.com. Further requests for information should be addressed to:

James H. Dunnett, Directeur-Général Tel: [phone] Fax: [phone] Email : [e-mail]

Susanne A. Hermans Vice-President Finance Tel: [phone] Email : [e-mail]

EURO Ressources S.A.
James H. Dunnett, [phone]
Directeur-Général
Fax: [phone]
Email: [e-mail]
Susanne A. Hermans, [phone]
Vice-President Finance
Email: [e-mail]