European Ferro Metals Ltd. Announces Closing of Private Placement

Vancouver, B.C. – (March 31, 2014) European Ferro Metals Ltd. (the “Company”) is pleased to announce that on March 28, 2014 it completed a private placement by issuing 500,000 common shares in the capital of the Company.

The common shares were issued at a price of $0.10 per share for aggregate gross proceeds of $50,000 and are subject to a statutory hold period, expiring July 29, 2014.

There are no finder’s fees in connection with the private placement. Net proceeds of the private placement will be used for working capital.

About the Company

Further information about the Company is available under its profile on the SEDAR website www.sedar.com.

For further information on European Ferro, please contact:

Justin Blanchet Chief Financial Officer European Ferro Metals Ltd.

Telephone: 604.787.8875 Email: [email protected]

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of European Ferro. Forward-looking information is based on certain key expectations and assumptions made by the management of European Ferro, including future plans for the exploration and development of the mineral properties of European Ferro. Although European Ferro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because European Ferro can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. European Ferro disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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