SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        European American Resources, Inc.
             (Exact name of Registrant as specified in its charter)

                                    33-3492-D
                                    ---------
                               Commission File No.

           Delaware                                          87-0443214
-------------------------------                       ----------------------
(State or other jurisdiction of                (I.R.S. Employer incorporation or
        organization)                                 Identification No.)

              91 South Main Street, P.O. Box 1066, Eureka, NV 89316
                    (Address of Principal Executive Offices)

                            Consulting Agreement with
                            -------------------------
                                 JAMES SAKUNDIAK
                                 ---------------
                              (full title of plan)

                                 Sandy Fiorenzi
                        European American Resources, Inc.
                91 South Main Street, P.O. 1066, Eureka, NV 89316
                -------------------------------------------------
                     (Name and Address of Agent for service)

                                 (775)-237-7943
                                 --------------
          (Telephone number, including area code, of agent for service)

<TABLE>
<CAPTION>

                                                 CALCULATION OF REGISTRATON FEE

------------------------------ --------------------------- -------------------------------- ------------------ ----------------
  TITLE OF SECURITIES TO BE     AMOUNT TO BE REGISTERED       PROPOSED MAXIMUM OFFERING         PROPOSED          AMOUNT OF
         REGISTERED                       (1)                    PRICE PER SHARE (2)         AGGREGATE PRICE     FILING FEE
------------------------------ --------------------------- -------------------------------- ------------------ ----------------
<S>                            <C>                         <C>                              <C>                <C>
Common stock, $.0001 par       400,000                     .23                              $92,000            $7.15
value
------------------------------ --------------------------- -------------------------------- ------------------ ----------------
</TABLE>

(1)      Pursuant to Rule 416, promulgated under the Securities Act of 1933, as
         amended, this Registration Statement covers an indeterminate number of
         securities to be offered as a result of any adjustment from stock
         splits, stock dividends or similar events.
(2)      Estimated solely for the purpose of calculating the amount of the
         registration fee pursuant to Rule 457, promulgated under the Securities
         Act of 1933, as amended, and based upon the closing bid price of the
         Issuer's common stock on August 14, 2002.


<PAGE>


EXPLANATORY NOTE
-------------------------------

In accordance with the instructional Note to Part 1 of Form S-8 as promulgated
by the Securities and Exchange Commission, the information specified by Part 1
of Form S-8 has been omitted from this Registration Statement on Form S-8 for
offers of Common Stock pursuant to the Plan.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

     ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

         The following documents are incorporated by reference into this
Registration Statement:

         1.The Registrant's Annual Report on Form 10-KSB for the year ended
     December 31, 2001, as filed with the Securities and Exchange Commission
     (the "Commission");
         2.The Registrant's Quarterly Report on Form 10-QSB for the period ended
     March 31, 2002, as filed with the Securities and Exchange Commission;

     ITEM 4. DESCRIPTION OF SECURITIES

         Not Applicable.

     ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.

         Not Applicable.

     ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         The Registrant has authority under the Delaware General Corporation Law
     to indemnify its directors and officers to the extent provided for in such
     law.
         The Registrant's Certificate of Incorporation and By-Laws provide that
     the Registrant may insure, shall indemnify and shall advance expenses on
     behalf of its directors to the fullest extent not prohibited by law.

     ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

         Not Applicable.

     ITEM 8. EXHIBITS.

         Exhibit  5.1       Opinion of Kogan and Associates, Attorneys at Law;
         Exhibit 10.1       Agreement between EPAR and Sakundiak.


<PAGE>

     ITEM 9. UNDERTAKINGS

         The undersigned Registrant hereby undertakes:

         1.To file, during any period in which offers or sales are being made, a
     post-effective amendment to this Registration Statement: (a) to include any
     prospectus required by Section 10(a)(3) of the Securities Act; (b) to
     reflect in the prospectus any facts or events arising after the effective
     date of the Registration Statement (or the most recent post-effective
     amendment thereof), which, individually or in the aggregate represent a
     fundamental change in the information set forth in the Registration
     Statement. Notwithstanding the foregoing, any increase or decrease in
     volume of securities offered (if the total dollar value of securities
     offered would not exceed that which was registered) and any deviation from
     the low or high end of the estimated maximum offering range may be
     reflected in the form of prospectus filed with the Commission pursuant to
     Rule 424(b) if, in the aggregate, the changes in volume and price represent
     no more than a 20% change in the maximum aggregate offering price set forth
     in the "Calculation of Registration Fee" table in the effective
     Registration Statement; and (c) To include any material information with
     respect to the plan of distribution not previously disclosed in the
     Registration Statement or any material change to such information in the
     Registration Statement; PROVIDED, HOWEVER, that paragraphs 1(a) and 1(b)
     shall not apply if the information required to be included in a
     post-effective amendment by those paragraphs is contained in periodic
     reports filed by the Registrant pursuant to Section 13 or Section 15(d) of
     the Exchange Act that are incorporated by reference in the Registration
     Statement.
         2. That, for the purpose of determining any liability under the
     Securities Act, each such post-effective amendment shall be deemed to be a
     new registration statement relating to the securities offered therein, and
     the offering of such securities at that time shall be deemed to be the
     initial bona fide offering thereof.
         3. To remove from registration by means of a post-effective amendment
     any of the securities being registered which remain unsold at the
     termination of the offering. The undersigned Registrant hereby undertakes
     that, for purposes of determining any liability under the Securities Act,
     each filing of the Registrant's annual report pursuant to Section 13(a) or
     Section 15(d) of the Exchange Act (and, where applicable, each filing of an
     employee benefit plan's annual report pursuant to Section 15(d) of the
     Exchange Act) that is incorporated by reference in the Registration
     Statement shall be deemed to be a new registration statement relating to
     the securities offered therein, and the offering of such securities at that
     time shall be deemed to be the initial bona fide offering thereof.
     Insofar as indemnification for liabilities arising under the Securities Act
     may be permitted to directors, officers and controlling persons of the
     Registrant pursuant to the foregoing provisions, or otherwise, the
     Registrant has been advised that in the opinion of the Commission such
     indemnification is against public policy as expressed in the Securities Act
     and is, therefore, unenforceable. In the event that a claim for
     indemnification against such liabilities (other than the payment by the
     Registrant of expenses incurred or paid by a director, officer or


<PAGE>

     controlling person of the registrant in the successful defense of any
     action, suit, or proceeding) is asserted by the such director, officer or
     controlling person in connection with the securities being registered, the
     Registrant will, unless in the opinion of its counsel the matter has been
     settled by controlling precedent, submit to a court or appropriate
     jurisdiction the question whether such indemnification by it is against
     public policy as expressed in the Securities Act and will be governed by
     the final adjudication of such issue.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, as amended,
     the Registrant certifies that it has reasonable grounds to believe that it
     meets all of the requirements for filing on Form S-8 and has duly caused
     this Registration Statement to be signed on its behalf by the undersigned,
     thereunto duly authorized, on August 14, 2002.



                                            European American Resources, Inc.

                                            By:/s/Evangelos Kechayans
                                            --------------------------
                                            President, CEO, Director
[{"type": "S-8", "sequence": "1", "filename": "epars8sakundiak.txt", "secsgml_size_bytes": 9959}]
{"company-data": {"conformed-name": "EUROPEAN AMERICAN RESOURCES INC", "cik": "0000789949", "assigned-sic": "1000", "irs-number": "870443214", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-98277", "film-number": "02741491"}, "business-address": {"street1": "91 SOUTH MAIN STREET", "street2": "PO BOX 1066", "city": "EUREKA", "state": "NV", "zip": "89316", "phone": "775-237-7943"}, "mail-address": {"street1": "400 CLEVELAND STREET", "street2": "#9016", "city": "CLEARWATER", "state": "FL", "zip": "33755"}, "former-company": [{"former-conformed-name": "VALPARAISO INC", "date-changed": "19880801"}, {"former-conformed-name": "MERLIN MINING CO", "date-changed": "19920703"}]}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        European American Resources, Inc.
             (Exact name of Registrant as specified in its charter)

                                    33-3492-D
                                    ---------
                               Commission File No.

           Delaware                                          87-0443214
-------------------------------                       ----------------------
(State or other jurisdiction of                (I.R.S. Employer incorporation or
        organization)                                 Identification No.)

              91 South Main Street, P.O. Box 1066, Eureka, NV 89316
                    (Address of Principal Executive Offices)

                            Consulting Agreement with
                            -------------------------
                                 JAMES SAKUNDIAK
                                 ---------------
                              (full title of plan)

                                 Sandy Fiorenzi
                        European American Resources, Inc.
                91 South Main Street, P.O. 1066, Eureka, NV 89316
                -------------------------------------------------
                     (Name and Address of Agent for service)

                                 (775)-237-7943
                                 --------------
          (Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATON FEE

------------------------------ --------------------------- -------------------------------- ------------------ ----------------
  TITLE OF SECURITIES TO BE     AMOUNT TO BE REGISTERED       PROPOSED MAXIMUM OFFERING         PROPOSED          AMOUNT OF
         REGISTERED                       (1)                    PRICE PER SHARE (2)         AGGREGATE PRICE     FILING FEE
------------------------------ --------------------------- -------------------------------- ------------------ ----------------
Common stock, $.0001 par       400,000                     .23                              $92,000            $7.15
value
------------------------------ --------------------------- -------------------------------- ------------------ ----------------
(1)      Pursuant to Rule 416, promulgated under the Securities Act of 1933, as
         amended, this Registration Statement covers an indeterminate number of
         securities to be offered as a result of any adjustment from stock
         splits, stock dividends or similar events.
(2)      Estimated solely for the purpose of calculating the amount of the
         registration fee pursuant to Rule 457, promulgated under the Securities
         Act of 1933, as amended, and based upon the closing bid price of the
         Issuer's common stock on August 14, 2002.
EXPLANATORY NOTE
-------------------------------

In accordance with the instructional Note to Part 1 of Form S-8 as promulgated
by the Securities and Exchange Commission, the information specified by Part 1
of Form S-8 has been omitted from this Registration Statement on Form S-8 for
offers of Common Stock pursuant to the Plan.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

     ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE

         The following documents are incorporated by reference into this
Registration Statement:

         1.The Registrant's Annual Report on Form 10-KSB for the year ended
     December 31, 2001, as filed with the Securities and Exchange Commission
     (the "Commission");
         2.The Registrant's Quarterly Report on Form 10-QSB for the period ended
     March 31, 2002, as filed with the Securities and Exchange Commission;

     ITEM 4. DESCRIPTION OF SECURITIES

         Not Applicable.

     ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.

         Not Applicable.

     ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         The Registrant has authority under the Delaware General Corporation Law
     to indemnify its directors and officers to the extent provided for in such
     law.
         The Registrant's Certificate of Incorporation and By-Laws provide that
     the Registrant may insure, shall indemnify and shall advance expenses on
     behalf of its directors to the fullest extent not prohibited by law.

     ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

         Not Applicable.

     ITEM 8. EXHIBITS.

         Exhibit  5.1       Opinion of Kogan and Associates, Attorneys at Law;
         Exhibit 10.1       Agreement between EPAR and Sakundiak.
ITEM 9. UNDERTAKINGS

         The undersigned Registrant hereby undertakes:

         1.To file, during any period in which offers or sales are being made, a
     post-effective amendment to this Registration Statement: (a) to include any
     prospectus required by Section 10(a)(3) of the Securities Act; (b) to
     reflect in the prospectus any facts or events arising after the effective
     date of the Registration Statement (or the most recent post-effective
     amendment thereof), which, individually or in the aggregate represent a
     fundamental change in the information set forth in the Registration
     Statement. Notwithstanding the foregoing, any increase or decrease in
     volume of securities offered (if the total dollar value of securities
     offered would not exceed that which was registered) and any deviation from
     the low or high end of the estimated maximum offering range may be
     reflected in the form of prospectus filed with the Commission pursuant to
     Rule 424(b) if, in the aggregate, the changes in volume and price represent
     no more than a 20% change in the maximum aggregate offering price set forth
     in the "Calculation of Registration Fee" table in the effective
     Registration Statement; and (c) To include any material information with
     respect to the plan of distribution not previously disclosed in the
     Registration Statement or any material change to such information in the
     Registration Statement; PROVIDED, HOWEVER, that paragraphs 1(a) and 1(b)
     shall not apply if the information required to be included in a
     post-effective amendment by those paragraphs is contained in periodic
     reports filed by the Registrant pursuant to Section 13 or Section 15(d) of
     the Exchange Act that are incorporated by reference in the Registration
     Statement.
         2. That, for the purpose of determining any liability under the
     Securities Act, each such post-effective amendment shall be deemed to be a
     new registration statement relating to the securities offered therein, and
     the offering of such securities at that time shall be deemed to be the
     initial bona fide offering thereof.
         3. To remove from registration by means of a post-effective amendment
     any of the securities being registered which remain unsold at the
     termination of the offering. The undersigned Registrant hereby undertakes
     that, for purposes of determining any liability under the Securities Act,
     each filing of the Registrant's annual report pursuant to Section 13(a) or
     Section 15(d) of the Exchange Act (and, where applicable, each filing of an
     employee benefit plan's annual report pursuant to Section 15(d) of the
     Exchange Act) that is incorporated by reference in the Registration
     Statement shall be deemed to be a new registration statement relating to
     the securities offered therein, and the offering of such securities at that
     time shall be deemed to be the initial bona fide offering thereof.
     Insofar as indemnification for liabilities arising under the Securities Act
     may be permitted to directors, officers and controlling persons of the
     Registrant pursuant to the foregoing provisions, or otherwise, the
     Registrant has been advised that in the opinion of the Commission such
     indemnification is against public policy as expressed in the Securities Act
     and is, therefore, unenforceable. In the event that a claim for
     indemnification against such liabilities (other than the payment by the
     Registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any
     action, suit, or proceeding) is asserted by the such director, officer or
     controlling person in connection with the securities being registered, the
     Registrant will, unless in the opinion of its counsel the matter has been
     settled by controlling precedent, submit to a court or appropriate
     jurisdiction the question whether such indemnification by it is against
     public policy as expressed in the Securities Act and will be governed by
     the final adjudication of such issue.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, as amended,
     the Registrant certifies that it has reasonable grounds to believe that it
     meets all of the requirements for filing on Form S-8 and has duly caused
     this Registration Statement to be signed on its behalf by the undersigned,
     thereunto duly authorized, on August 14, 2002.

                                            European American Resources, Inc.

                                            By:/s/Evangelos Kechayans
                                            --------------------------
                                            President, CEO, Director