EURO Ressources S.A. TSX: EUR PARIS: EUR

PARIS, FRANCE--(Marketwire - Aug. 29, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

EURO Ressources S.A. (TSX:EUR)(Paris: EUR) has received an unsolicited takeover bid of EUR 1.20 per share in cash from IAMGOLD Corporation to acquire up to 100% of the outstanding shares of EURO. The offer is conditional on acceptance by a minimum of 50% +1 of EURO's shareholders.

The Board of Directors of EURO will make its recommendation to EURO's shareholders once it has reviewed the full details of the offer. Until the Board of Directors has completed its review, it will not comment further or speculate as to the future course of action it might take.

About EURO

EURO is a French company, focused on owning royalties and similar interests on operating gold mines. EURO also holds certain gold mineral rights in French Guiana including Paul Isnard which comprise eight concessions and a PER over 140 sq. km. EURO has approximately 60.6 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 EURO's intentions with respect to its dealings with IAMGOLD Corporation. There can be no assurance that future developments affecting EURO will be those anticipated by management.

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.