European Minerals Corporation Learns of Possible Claim, Lero Gold Corp. Reschedules Shareholder Meeting to June 12, 2008

LONDON, UNITED KINGDOM--(Marketwire - June 11, 2008) - European Minerals Corporation ("EMC") (TSX: EPM.TO)(AIM: EUM) announces that it has learned of a Statement of Claim (the "Claim") issued in the Ontario Superior Court of Justice (Court File No. 58422CP) against EMC and two of its officers. The Claim, which has not yet been served on any of the defendants, names Bernard Szuszkiewicz as a proposed representative plaintiff in a proposed class proceeding on behalf of persons who acquired securities of EMC during the period from May 16, 2007 until March 31, 2008. The Claim relates to the announcement by EMC on March 31, 2008 that it was reviewing its accounting for derivatives to ensure compliance with certain provisions of the CICA Handbook and that it anticipated that such review would result in a restatement of EMC's interim financial statements for the first three fiscal quarters of 2007. The financial statements were restated and were subsequently issued by EMC on April 11, 2008 and filed on SEDAR ( www.sedar.com). The plaintiff is claiming general and special damages in the amount of CAD$50,000,000 and punitive damages in the amount of CAD$5,000,000. The claim has not yet been certified as a class action. EMC believes that the Claim is without merit and intends to vigorously dispute the Claim if and when it is served.

Lero Gold Corp. ("Lero") (TSX VENTURE: LER.V) has reviewed the Claim with EMC. Each of Lero (after taking advice from its financial advisor Canaccord International Ltd.), its special committee (after taking advice from its financial advisor PI Financial Corp.) and EMC (after taking advice from its financial advisor Endeavour Financial International Corporation), continue to support the business combination between Lero and EMC. Accordingly, Lero is proceeding to consider the proposed business combination at a reconvened meeting of its shareholders to be held on Thursday, June 12, 2008, after the meeting was adjourned from June 10, 2008. The reconvened meeting will be held at 9:00 am (Vancouver time) on Thursday, June 12, 2008 at 2nd Floor, 888 Dunsmuir Street, Vancouver, British Columbia.

Contacts

Tony Williams
European Minerals Corporation - United Kingdom
Chairman
+44 (0) 20 7529 7508

Bert Kennedy
European Minerals Corporation - United Kingdom
President and CEO
+44 (0) 20 7529 7508
Website: www.europeanminerals.com

Dr. Sergey V. Kurzin
Lero Gold Corp. - United Kingdom
Chairman
+44(0) 20 7514 0590

Alexander Yakubchuk
Lero Gold Corp. - United Kingdom
CEO
+44(0) 20 7514 0590

Gavin Dallas
Lero Gold Corp. - United Kingdom
Investor Relations
+44(0) 20 7514 0590
Website: www.lerogold.com

Michael Padley/ Michael Spriggs
Bankside Consultants - United Kingdom
+44(0) 20 7367 8888

Grant Thornton Corporate Finance
Nomad - United Kingdom
Gerry Beaney/Colin Aaronson
+44 (0) 20 7383 5100

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