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European Uranium Updates Joint Venture with Forte Energy on
Slovak Uranium Properties

VANCOUVER, British Columbia--(BUSINESS WIRE)--European Uranium Resources Ltd. ("EUU") (TSXV: EUU) announced on June 16, 2014 that it had entered into a binding letter of intent (the “LOI”) with ASX and AIM listed Forte Energy NL (“Forte”) whereby Forte will earn a 50% interest in the Company’s Slovakia uranium projects. The interest will be held through ownership of 50% of EUU’s currently wholly-owned Slovak subsidiaries, Ludovika Energy and Ludovika Mining, which hold the mineral licenses comprising the Kuriskova and Novoveska Huta uranium projects.

The parties have on July 31, 2014 executed a definitive agreement (the “Agreement”) to replace the LOI and EUU has received $175,000 of the $500,000 cash payments owed pursuant to the Agreement. As mutually agreed Forte will pay the balance of $325,000 to EUU imminently. To retain its 50% interest, Forte must sole fund a minimum of $350,000 a year on the Ludovika entities over the next ten years with the first year’s expenditure of $350,000 being an obligation.


"Dusty Nicol"

Dorian L. (Dusty) Nicol, President and CEO

For further information please contact: Dorian (Dusty) Nicol, at (604) 536-2711, or visit

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.


European Uranium Resources Ltd.
Dorian L. (Dusty) Nicol, 604-536-2711
President and CEO