EUG Eurogold

RNS Number:3068X
Eurogold Limited
28 May 2007

                                    EUROGOLD

                                 L I M I T E D

                               (ACN 009 070 384)





28 May 2007                                               ASX & AIM Symbol "EUG"



On Friday 25 May 2007 the Federal Court of Australia dismissed a motion brought
by Oxus Gold Plc to revoke leave granted to Eurogold to serve its Court
proceedings, instituted before the Federal Court, on Oxus Gold Plc, in England,
and on Oxus (Malta) Limited, in Malta. Both Oxus Gold Plc and Oxus (Malta)
Limited, have been served with the documents instituting the proceeding.


The motion was brought on a number of grounds. They included a challenge to the
Federal Court's jurisdiction over the dispute and a claim that the Federal Court
was a clearly inappropriate Court to hear the dispute. The Court rejected Oxus
Gold's arguments.


Eurogold announced on 22 December 2006 that it had entered into an agreement
with IMF Australia whereby IMF would fund the litigation against Oxus Gold.



Peter Gunzburg

Chairman





For further information, please contact:


Peter Gunzburg - Managing Director - Ph: +61 8 9481 0572, Email:
peter@eurogold.com.au.


RFC Corporate Finance Ltd acts as Eurogold's Nominated Adviser

Contact: Stuart Laing - Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au"






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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