Euroseas Ltd. Announces Date for the 2010 Annual General Meeting of Shareholders and Availability of 2009 Annual Report on Form 20-F

News Release Euroseas Ltd. June 4, 2010

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<DIV>06/2/10 Maroussi, Athens,
Greece - June 2, 2010 - Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of
drybulk and container carrier vessels and provider of seaborne transportation
for drybulk and containerized cargoes, announced today that the Annual General
Meeting of Shareholders will be held at the offices of Seward & Kissel LLP,
One Battery Park Plaza, 23rd Floor, New York, New York 10004 on Friday, June 25,
2010 at 10:30 a.m. EDT. Shareholders of the Company as of the close of business
on May 17, 2010, the "record date," will be entitled to vote at the Annual
Meeting or any adjournment thereof. Euroseas also announced today that
its Annual Report on Form 20-F for the fiscal year ended December 31, 2009 has
been filed with the Securities and Exchange Commission and may be accessed
through the company website www.euroseas.gr at the investor relations section
under Annual Reports. Hard copies of the Company's Annual Report on Form 20-F
and proxy statement will be mailed to shareholders entitled to vote in the
annual meeting. Investors may request a hard copy of the Company's Form 20-F
free of charge by contacting Capital Link, Investor Relations advisors for
Euroseas at: 230 Park Avenue, Suite 1536 Suite 1536 New York, NY
10169 Tel. (212) 661-7566 E-mail: <A
href="mailto:euroseas@capitallink.com">euroseas@capitallink.com </A> </DIV></BODY></HTML>