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<SEC-DOCUMENT>0001137171-03-000408.txt : 20030915
<SEC-HEADER>0001137171-03-000408.hdr.sgml : 20030915
<ACCEPTANCE-DATETIME>20030915133127
ACCESSION NUMBER:		0001137171-03-000408
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030915
FILED AS OF DATE:		20030915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELDORADO GOLD CORP                                      /FI
		CENTRAL INDEX KEY:			0000918608
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31522
		FILM NUMBER:		03895286

	BUSINESS ADDRESS:	
		STREET 1:		920 - 1055
		STREET 2:		WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 2E9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO CORP LTD                                       /FI
		DATE OF NAME CHANGE:	19960701
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eldorado6k0915.htm
<DESCRIPTION>PRESS RELEASE DATED SEPTEMBER 15, 2003
<TEXT>
<HTML><HEAD><TITLE>Filed By Filing Services Canada Inc.
403-717-3898</TITLE>
<META content="Microsoft FrontPage 4.0" name=GENERATOR></HEAD>
<BODY>&nbsp;
<p>&nbsp;</p>
<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3><B>FORM
6K</B> </FONT></H1><!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" --><A
name=A002></A>
<P align=center><FONT face="Times New Roman, Times, Serif" size=3>UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION <BR>Washington, D.C. 20549
</FONT></P><!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" --><A
name=A004></A>
<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>Report of
Foreign Issuer<BR><BR><BR>Pursuant to Rule 13a-16 or 15d-16 of <BR>the
Securities Exchange Act of 1934</B> </FONT></P><!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" --><A
name=A008></A>
<P><FONT face="Times New Roman, Times, Serif" size=2>For the month
of&nbsp;<B>September 15, 2003</B> </FONT></P><!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Commission File
Number&nbsp;<B>001-31522</B> </FONT></P><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD align=center><FONT face="Times New Roman, Times, Serif"
      size=4><B>Eldorado Gold Corporation</B></FONT> </TD></TR>
  <TR>
    <TD align=center><FONT face="Times New Roman, Times, Serif"
      size=2>(Translation of registrant's name into English)
  </FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD align=center><FONT face="Times New Roman, Times, Serif"
      size=3><B>Suite 920 - 1055 West Hasting Street<BR>Vancouver, British
      Columbia&nbsp;&nbsp;V6E 2E9</B> </FONT></TD></TR>
  <TR>
    <TD align=center><FONT face="Times New Roman, Times, Serif"
      size=2>(Address of principal executive offices)</FONT>
</TD></TR></TABLE><BR><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F
or Form 40-F </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width=500 border=0>

  <TR>
    <TD width="15%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="10%"><FONT face="Times New Roman, Times, Serif"
      size=2>Form 20-F</FONT></TD>
    <TD align=middle width="5%"><FONT face="Times New Roman, Times, Serif"
      size=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
    <TD align=right width="10%"><FONT face="Times New Roman, Times, Serif"
      size=2>Form 40-F </FONT></TD>
    <TD align=middle width="5%"><FONT face="Times New Roman, Times, Serif"
      size=2><U>&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;</U>
</FONT></TD></TR></TABLE><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation
S-T Rule 101(b)(1):&nbsp;&nbsp;
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT>
</P><!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;
      </FONT></TD>
    <TD width="95%"><FONT face="Times New Roman, Times, Serif"
      size=2><B>Note:</B>&nbsp;&nbsp;Regulation S-T Rule 101(b)(1) only permits
      the submission in paper of a Form 6-K if submitted solely to provide an
      attached annual report to security holders.
</FONT></TD></TR></TABLE><BR><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation
S-T Rule 101(b)(7):&nbsp;&nbsp;
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT>
</P><!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">

  <TR vAlign=top>
    <TD width="5%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;
      </FONT></TD>
    <TD width="95%"><FONT face="Times New Roman, Times, Serif" size=2><B>Note:
      </B>Regulation&nbsp;S-T Rule&nbsp;101(b)(7) only permits the submission in
      paper of a Form&nbsp;6-K if submitted to furnish a report or other
      document that the registrant foreign private issuer must furnish and make
      public under the laws of the jurisdiction in which the registrant is
      incorporated, domiciled or legally organized (the registrant's "home
      country"), or under the rules of the home country exchange on which the
      registrant's securities are traded, as long as the report or other
      document is not a press release, is not required to be and has not been
      distributed to the registrant's security holders, and, if discussing a
      material event, has already been the subject of a Form&nbsp;6-K submission
      or other Commission filing on EDGAR. </FONT></TD></TR></TABLE><BR><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Indicate by check mark
whether by furnishing the information contained in this Form, the registrant is
also thereby furnishing the information to the Commission pursuant to rule
12g3-2(b) under the Securities Exchange Act of 1934. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width=500 border=0>

  <TR>
    <TD width="25%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD width="5%"><FONT face="Times New Roman, Times, Serif"
    size=2>Yes</FONT></TD>
    <TD width="10%"><FONT face="Times New Roman, Times, Serif"
      size=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
    <TD width="5%"><FONT face="Times New Roman, Times, Serif"
    size=2>No</FONT></TD>
    <TD width="15%"><FONT face="Times New Roman, Times, Serif"
      size=2><U>&nbsp;&nbsp; X&nbsp;&nbsp;</U> </FONT></TD></TR></TABLE><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>If "Yes" is marked,
indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b) 82 ---<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</FONT></P><BR><BR><!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR color=gray noShade SIZE=5>
<BR><BR><!-- MARKER FORMAT-SHEET="H1" FSL="Default" -->
<H1 align=center><FONT face="Times New Roman, Times, Serif"
size=2><U>SIGNATURE</U> </FONT></H1><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width=600 border=0>

  <TR>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;
      </FONT></TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2><B>ELDORADO GOLD CORPORATION</B>
</FONT></TD></TR></TABLE><BR><BR>
<TABLE cellSpacing=0 cellPadding=0 width=600 border=0>

  <TR>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2>Date:&nbsp;&nbsp; September 15, 2003</FONT></TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif" size=2><U>/s/
      Dawn Moss
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Dawn
      Moss, Corporate Secretary</FONT></TD></TR></TABLE><BR><BR><BR><BR><!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR color=gray noShade SIZE=5>
<BR>
<p style="margin:0pt; font-family:Times New Roman">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman">&nbsp;</p>
<table border="0" width="84%">
  <tr>
    <td width="50%"></td>
    <td width="50%">
      <p align="center">&nbsp; <img border="0" src="logo1.jpg" align="right" width="254" height="108"></td>
  </tr>
  <tr>
    <td width="50%" valign="bottom">
      <p style="margin:0pt; font-family:Book Antiqua; font-size:12pt">&nbsp;</p>
      <p style="margin:0pt; font-family:Book Antiqua; font-size:12pt"><br>
      <b>NEWS RELEASE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>
      <p style="line-height: 14pt; font-family: Book Antiqua; font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><b>TSX:
      ELD &nbsp;AMEX: EGO</b></p>
    </td>
    <td width="50%" valign="bottom">
      <p style="text-indent: 0pt; line-height: 14pt; font-family: Book Antiqua; font-size: 12pt; margin: 0pt" align="right"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ELD
      No. 03-18</b></p>
      <p style="text-indent: 0pt; line-height: 14pt; font-family: Book Antiqua; font-size: 12pt; margin: 0pt" align="right"><b>September
      15, 2003</b></p>
    </td>
  </tr>
</table>
<p style="margin:0pt; font-family:Times New Roman; font-size:11pt"><br>
<br>
</p>
<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>KISLADAG
RESERVES INCREASE TO 5.1 MILLION OUNCES</b></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Eldorado
Gold Corporation<font FACE="Times New Roman"> ("Eldorado" or the "Company"),
</font>is pleased to announce an 11% increase in minable reserves at its 100%
owned Kisladag Gold Project (the "Project") located in western Turkey,
increasing the reserves to 5.1 million ounces. The increase of 521,000 ounces of
gold is derived from additional drilling subsequent to the completion of the
Kisladag Feasibility Study resource estimate.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">A
total of 7,057 meters of reverse circulation drilling has been completed on the
Project in 2003, increasing the total drilling to 37,190 meters. &nbsp;This
program succeeded in upgrading inferred resources within and peripheral to the
Feasibility pit design. &nbsp;&nbsp;</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">The
mineral resource estimate has been prepared by Mr. Gary Giroux, Associate, Micon
International in accordance with National Instrument 43-101, based on an updated
block model prepared by Eldorado. The results of the revised resource estimate
are compared with the Feasibility Study resource estimate in Table 1.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Table
1: &nbsp;Resource Estimate</b></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<table cellspacing="0">
  <tr>
    <td style="border-left:1.5pt solid #000000; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="253" colspan="3">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Feasibility
      Resource Estimate</b></p>
    </td>
    <td style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="253" colspan="3">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Revised
      Resource Estimate</b></p>
    </td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Tonnes</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>g/t
      Au</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Ounces</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Tonnes</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>g/t
      Au</b></p>
    </td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Ounces</b></p>
    </td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Measured</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">47,500,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1.28</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1,960,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">59,081,300</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1.23</p>
    </td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">2,336,300</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">&nbsp;</td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Indicated</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">118,900,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1.07</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">4,090,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">155,722,500</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">0.97</p>
    </td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">4,856,300</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">&nbsp;</td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>M&amp;I</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">166,400,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1.13</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">6,050,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">214,803,800</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1.04</p>
    </td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">7,192,600</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">&nbsp;</td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">&nbsp;</td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:1.5pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Inferred</b></p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="90.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">69,100,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="77.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">0.81</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1,810,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="89.867">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">45,500,000</p>
    </td>
    <td style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="78.8">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">0.75</p>
    </td>
    <td style="border-right:1.5pt solid #000000; border-bottom:0.75pt solid #000000" valign="top" width="84.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center">1,197,900</p>
    </td>
  </tr>
</table>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Cut-off
grade of &nbsp;0.4 g/t Au</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Minable
reserves have been estimated in consultation with Mr. Callum Grant, Manger
Mining, Hatch Associates, Vancouver, using the operating parameters defined in
the Feasibility Study and are based on a US$325 gold price. &nbsp;Pit
optimization runs have been applied to the updated resource estimate to generate
a new pit design from which the minable reserves have been derived. &nbsp;A
comparison of the reserves from the Feasibility Study and the revised reserve
estimate are presented below in Table 2.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">www.eldoradogold.com</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:11pt"><br>
</p>
<HR color=gray noShade SIZE=5>
<p style="font-family: Times New Roman; margin: 0pt" align="center">2<br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Table
2: &nbsp;Reserve Estimate</b></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<table cellspacing="0">
  <tr>
    <td style="border:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="243.267" colspan="3">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Feasibility
      Reserve Estimate</b></p>
    </td>
    <td style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="270" colspan="3">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><b>Revised
      Reserve Estimate</b></p>
    </td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt"><b>Ore
      Type</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>Tonnes</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>g/t
      Au</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>Ounces</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>Tonnes</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>g/t
      Au</b></p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right"><b>Ounces</b></p>
    </td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Oxide</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">27,239,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">0.93</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">811,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">30,478,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">0.88</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">862,400</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Primary</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">87,900,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">1.32</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">3,721,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">104,546,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">1.25</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">4,190,600</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Total
      Ore</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">115,139,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">1.23</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">4,532,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">135,024,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">1.16</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">5,053,000</p>
    </td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Total
      Waste</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">105,800,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">108,259,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Total
      Mined</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">220,939,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">243,283,000</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
  <tr>
    <td style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Stripping
      Ratio</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="93.933">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">0.92</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="65.333">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="84">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="102">
      <p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="right">0.80</p>
    </td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="78">&nbsp;</td>
    <td style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign="top" width="90">&nbsp;</td>
  </tr>
</table>
<p style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">Cut
off grade</p>
<p style="margin:0pt; text-indent:72pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">&nbsp;0.35
g/t Oxide</p>
<p style="margin:0pt; padding-left:36pt; text-indent:36pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt">0.50
g/t Primary</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Revisions
to the Kisladag pit design have resulted in an increase in overall tonnage of
17%. &nbsp;&nbsp;&nbsp;The larger pit extends 20 meters deeper and further to
the east-northeast. &nbsp;Inferred ore within the pit has been significantly
reduced to less than 1.0 million tonnes, contributing to a reduced waste/ore
strip ratio.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Following
receipt of the Environmental Positive Certificate in June 2003, the Company
continues &nbsp;to complete the remaining permitting, engineering and land
acquisition steps enabling the planned construction decision by year-end.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Eldorado
is a gold producing and exploration &nbsp;company with gold assets in Brazil and
Turkey, two countries that we believe have substantial geological potential.
&nbsp;With our international expertise in mining, finance and project
development, together with highly skilled and dedicated staff, we believe that
Eldorado is well positioned to experience continued growth and value as we
create and pursue new opportunities.</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:14pt; font-family:Book Antiqua; font-size:12pt" align="justify"><b>ON
BEHALF OF</b></p>
<p style="margin:0pt; line-height:14pt; font-family:Book Antiqua; font-size:12pt" align="justify"><b>ELDORADO
GOLD CORPORATION</b></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:12pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:14pt; font-family:Book Antiqua; font-size:12pt" align="justify"><b><i>"</i></b><b><i>Paul
N. Wright"</i></b></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:12pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:14pt; font-family:Book Antiqua; font-size:12pt" align="justify">Paul
N. Wright</p>
<p style="margin:0pt; line-height:14pt; font-family:Book Antiqua; font-size:12pt" align="justify">President
and Chief Executive Officer</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>The
terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable
Mineral Reserve" used in this release are Canadian mining terms as defined in
accordance with National Instrument 43-101 - Standards of Disclosure for
Mineral Projects under the guidelines set out in the Canadian Institute of
Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources
and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be
amended from time to time by the CIM. &nbsp;These definitions differ from the
definitions in the United States Securities &amp; Exchange Commission ("SEC")
Guide 7. &nbsp;In the United States, a mineral reserve is defined as a part of a
mineral deposit which could be economically and legally extracted or produced at
the time the mineral reserve determination is made.</i></p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify">&nbsp;</p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify">&nbsp;</p>
<p style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">www.eldoradogold.com</p>
<HR color=gray noShade SIZE=5>
<p style="margin:0pt; font-family:Times New Roman" align="center">3</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:11pt"><br>
</p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>The
terms "Mineral Resource", "Measured Mineral Resource", "Indicated
Mineral Resource", "Inferred Mineral Resource" used in this release are
Canadian mining terms as defined in accordance with National Instruction 43-101 -
Standards of Disclosure for Mineral Projects under the guidelines set out in
the CIM Standards. Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.</i></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:9pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>For
a detailed discussion of resource and reserve estimates and related matters see
the Company's technical reports, including the Annual Information Form and
other reports filed under the Company's name at </i><font COLOR="#0000FF"><i><u>www.sedar.com</u></i></font><i>.
&nbsp;A qualified person has verified the data contained in this release.</i></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:9pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>Note
to U.S. Investors. &nbsp;While the terms "mineral resource", "measured
mineral resource," "indicated mineral resource", and "inferred mineral
resource" are recognized and required by Canadian regulations, they are not
defined terms under standards in the United States and normally are not
permitted to be used in reports and registration statements filed with the SEC.
&nbsp;As such, information contained in this news release concerning
descriptions of &nbsp;mineralization and resources under Canadian standards may
not be comparable to similar information made public by U.S companies in SEC
filings. &nbsp;With respect to "indicated mineral resource" and "inferred
mineral resource" there is &nbsp;a great amount of uncertainty as to their
existence and a great uncertainty as to their economic and legal feasibility.
&nbsp;It can not be assumed that all or any part of an "indicated mineral
resource" or "inferred mineral resource" will ever be</i> <i>upgraded to a
higher category. &nbsp;Investors are cautioned not to assume that any part or
all of mineral deposits in these categories will ever be converted into
reserves.</i></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:9pt" align="justify"><br>
</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>Certain
of the statements made may contain forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, which involve known and
unknown risk, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking
statements. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary</i></p>
<p style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align="justify"><i>materially
from those described in forward looking statements. &nbsp;Specific reference is
made to "Narrative Description of the Business - Risk Factors" in the
Company's Annual Information Form. &nbsp;Forward-looking statements in this
release include statements regarding the expectations and beliefs of management,
the assumed long-term price of gold, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the potential of
Eldorado's properties and expectations of growth. &nbsp;We do not expect to
update forward-looking statements continually as conditions change and you are
referred to the full discussion of the Company's business contained in the
Company's reports filed with the securities regulatory authorities.</i></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt" align="justify"><br>
</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Eldorado
Gold Corporation's shares trade on the Toronto Stock Exchange (TSX: ELD) and
the American Stock Exchange (AMEX: EGO). &nbsp;The TSX has neither approved nor
disapproved the form or content of this release.</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">&nbsp;</p>
<p style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="justify">Contact:</p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>
<table border="0" width="100%">
  <tr>
    <td width="50%">
      <p style="line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin-top: 0pt; margin-bottom: 0pt">Nancy
      E. Woo, Manager Investor Relations</p>
      <p style="margin-top: 0pt; margin-bottom: 0pt">Phone: 604.601.6650 or
      1.888.353.8166</p>
      <p style="line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin-top: 0pt; margin-bottom: 0pt">Fax:
      604.687.4026</p>
      <p style="line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin-top: 0pt; margin-bottom: 0pt">Email
      <font FACE="Times New Roman" COLOR="#0000FF"><u>nancyw@eldoradogold.com</u></font></p>
    </td>
    <td width="50%">
      <p style="text-indent: 0pt; line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin-top: 0pt; margin-bottom: 0pt">Eldorado
      Gold Corporation</p>
      <p style="text-indent: 0pt; line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin: 0pt">&nbsp;920-1055
      W. Hastings St.,</p>
      <p style="text-indent: 0; line-height: 13pt; font-family: Book Antiqua; font-size: 11pt; margin-top: 0pt; margin-bottom: p0t">Vancouver,
      BC V6E 2E9</p>
      <p style="text-indent: 0; font-family: Book Antiqua; font-size: 11pt; margin-left: 0pt; margin-right: 0pt; margin-top: 0pt; margin-bottom: p0t">Web
      site: <font FACE="Times New Roman" COLOR="#0000FF"><u>www.eldoradogold.com</u></font></p>
    </td>
  </tr>
</table>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; padding-right:-9.5pt; font-family:Book Antiqua; font-size:11pt">Request
for information packages: <font FACE="Times New Roman" COLOR="#0000FF"><u>info@eldoradogold.com</u></font></p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt"><br>
</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; font-family:Book Antiqua; font-size:11pt">&nbsp;</p>
<p style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">www.eldoradogold.com</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:11pt"><br>
</p>
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