European Uranium Drills Double Expected Grade at Kuriskova Deposit, Slovakia

European Uranium Resources Ltd. (EUU: TSX-V; TGPN: Frankfurt)
intersected double the expected grade in its first of three planned
metallurgical drill holes at Kuriskova. This drill program is designed
to collect additional metallurgical samples as part of the ongoing
feasibility study on the Company′s flagship property, the high-grade
Kuriskova uranium project in Slovakia. A preliminary feasibility study,
announced January 30, 2012, demonstrates that Kuriskova could be one of
the lowest cost uranium producers in the world.

Drilling of three holes planned for metallurgical samples began in May
and is expected to be completed in July 2012. The first of these holes,
LE-K-73, was completed last week and intercepted higher than expected
uranium grade in the Main Zone of the Kuriskova deposit. The highlight
of the hole is:

• 
  4.9 metres @ 0.85% eU₃O₈, including 1.3 metres @
  1.67% eU₃O₈, intersected at a depth from 455.9
  to 460.8 metres from surface.
  

As planned, the hole intersected the western part of the Main Zone of
the deposit at a depth of about 455 metres. Based on the most recent
Kuriskova resource estimate (April 2011), the modeled thickness and
grade in this part of the deposit is 4.5 metres @ 0.39% U₃O₈.
Mineralization intersected is thus about 10% thicker and more than
double the grade in the resource model.

'Kuriskova is recognized as one of the highest grade uranium deposits in
the world,? said Dorian L. (Dusty) Nicol, European Uranium′s president
and CEO. 'This drill hole confirms the tremendous potential that
Kuriskova has to grow beyond its already impressive resource.?

The April 2011 NI 43-101 compliant resource estimate, audited and
approved by Tetra Tech, Inc., comprises an Indicated Resource of 28.5
million pounds of U₃O₈ at a grade of 0.555% U₃O₈
contained in 2.3 million tonnes and an additional Inferred Resource of
12.7 million pounds of U₃O₈ at a grade of 0.185% U₃O₈
contained in 3.1 million tonnes, at a cut-off of 0.05% U (see news
release dated April 26, 2011).

The Company will continue advancing critical path aspects of a
feasibility study and environmental impact study for the Kuriskova
deposit. The metallurgical samples collected from the ongoing drill
program will be tested by AREVA, a significant shareholder of European
Uranium Resources Ltd., later in the summer and fall of 2012 as part of
the Company′s technical services agreement with AREVA. The objective is
to optimize the process flow sheet as described in the preliminary
feasibility study.

Concurrently, the Company has been conducting surface exploration work
on targets within the Kuriskova license area. The objective is to define
drill targets that could lead to expansion of the current resource.

The Company continues its efforts to define the structure which would
allow uranium production from Kuriskova to be developed for the benefit
of Slovakia′s energy future. This could be a production off-take
arrangement with Slovakia or a partnership with a Slovak entity.

Work programs for the recently acquired Swedish and Finland uranium
prospects are being designed and will be conducted in late summer and
fall of 2012.

The following is a complete tabulation of significant intersections from
this hole:

The drill hole location map is attached to this release.

Uranium grades presented in this news release are reported as equivalent
uranium oxide (eU₃O₈ %) based on downhole
radiometric logging. The logging was performed by Koral, s.r.o. of
Slovakia. Drill intercepts are reported as drilled; true thicknesses
have not yet been calculated. Quality Control and Quality Assurance is
provided by Ravi Sharma (Chartered Professional Member, AusIMM and
Registered Professional, SME), European Uranium's Manager, Resources and
Reserves, who is a Qualified Person as defined by NI 43-101 and has
reviewed and approved the technical disclosure contained in this news
release.

EUROPEAN URANIUM RESOURCES LTD.

'Dusty Nicol'

Dorian L. (Dusty) Nicol, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:

This news release contains forward-looking statements that are based on
the Corporation's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as 'plan',
'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate',
'suggest', 'indicate' and other similar words or statements that certain
events or conditions 'may' or 'will' occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to continue
to be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing; and
fluctuations in metal prices. There may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable securities
laws, the Corporation disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.

To view Kuriskova, June 2012, Metallurgical hole LE- K- 73 graphic,
please click on the following link: http://www.usetdas.com/pr/european06262012001.jpg

European Uranium Resources Ltd.

Doris Meyer, 604-536-2711

www.euresources.com