EURO Ressources

EURO RESSOURCES REPORTS EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2012 - Seite 3

Income and expenses for each significant transaction are translated at the exchange rate at the date of the transaction to align with French GAAP.

Operating expenses for 2012 were €0.90 million, a 6% reduction compared to €0.96 million in 2011; this continues to reflect the general decline in activity for EURO. The main difference between IFRS and French GAAP is the fact that the C.V.A.E., former value added tax, is not included in operating expenses under IFRS, but is part of the income tax expense.

EURO recorded other income of €0.24 million in 2012, related to the cash and shares received from COLUMBUS Gold Corporation ("COLUMBUS") in connection with the amendment to the Option agreement signed in July 2012 and the annual maintenance fee received on       November 30, 2012; this compares to the €0.18 million in connection with the cash and shares received in 2011 for the pre-exercise payment relating to the Option agreement entered into in early December 2011.

EURO recorded an income tax expense of €14.76 million for 2012 (2011: €12.19 million). The increase is mainly due to the increase in revenues for 2012 as compared to 2011, and the additional contribution enacted in August, 2012, which imposes a 3% (€0.54 million) additional tax on all dividend distributions. The primary difference between IFRS and French GAAP is the C.V.A.E., former value-added tax, for €0.57 million in 2012 (2011: €0.50 million), which is included in income tax expense under IFRS.

 About EURO

EURO is a French company whose principal asset is the Rosebel Royalty on gold production at the Rosebel mine operated by IAMGOLD Corporation ("IAMGOLD").  EURO has approximately 62.5 million shares outstanding. IAMGOLD France S.A.S., an indirect wholly owned subsidiary of IAMGOLD, owns today approximately 86% of all outstanding shares.

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.   There can be no assurance that future developments affecting the Company will be those anticipated by management.

Not for distribution to United States newswire services or for dissemination in the United States. The securities referred to herein have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a U.S. person absent registration, or an applicable exemption from the registration requirements of, the Securities Act.