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<SEC-DOCUMENT>0001137171-05-000020.txt : 20050110
<SEC-HEADER>0001137171-05-000020.hdr.sgml : 20050110
<ACCEPTANCE-DATETIME>20050110145714
ACCESSION NUMBER:		0001137171-05-000020
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050110
FILED AS OF DATE:		20050110
DATE AS OF CHANGE:		20050110

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:		05520706

	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>eldorado.htm
<TEXT>
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<TITLE>DRAFT</TITLE>
<META NAME="author" CONTENT="Karen Gerrior">
<META NAME="date" CONTENT="01/10/2005">
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>FORM 6-K</B></P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>1UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>2Report of Foreign Private Issuer </B></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>1Pursuant to Rule 13a-16 or 15d-16 <BR>
of the Securities Exchange Act of 1934</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">For the month of <B>January 10, 2005</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Commission File Number &nbsp;<B>001-31522</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=640><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Eldorado Gold Corporation<BR>
</B>(Translation of registrant's name into English)</P>
</TD></TR>
<TR><TD width=640><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>1188-550 Burrard Street</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Bentall 5</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Vancouver, B.C.</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Canada &nbsp;V6C 2B5<BR>
</B>(Address of principal executive offices)<BR>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Form 20-F....[<B> &nbsp;&nbsp;</B>]..... Form 40-F...[.<B>X</B>.]...</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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): ____ </P>
<P style="margin-top:5pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman"><B>Note: </B>Regulation&nbsp;S-T Rule&nbsp;101(b)(1) only permits the submission in paper of a Form&nbsp;6-K if submitted solely to provide an attached annual report to security holders. </P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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): ____ </P>
<P style="margin-top:5pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman"><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&#146;s &#147;home country&#148;), or under the rules of the home country exchange on which the registrant&#146;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&#146;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. </P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Yes &nbsp;[ &nbsp;&nbsp;&nbsp;] &nbsp;No [ <B>X </B>]</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">If &quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________ </P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Signatures</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">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.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Date: &nbsp;January 10, 2005</P>
</TD><TD valign=top width=319.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>ELDORADO GOLD CORPORATION</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Earl W. Price</U></P>
<U><P style="margin:0pt; text-indent:216pt; font-family:Times New Roman; font-size:12pt"><BR></U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Earl W. Price, Chief Financial Officer</P>
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<P style="margin:0pt; padding-right:-3.6pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><B>NEWS RELEASE &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;&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;ELD No. 05-01</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align="center"><B>TSX: ELD &nbsp;&nbsp;AMEX: EGO &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;&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;January 10, &nbsp;2005 &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;</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Book Antiqua; font-size:11pt" align=center><B>YEAR END UPDATE </B></P>
<P style="margin:0pt; font-family:Times New Roman">&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>VANCOUVER, BC &#150; Earl W. Price, Chief Financial Officer of Eldorado Gold Corporation (&#147;Eldorado&#148;, the &#147;Company&#148;, or &#147;we&#148;) is pleased to provide the following update on the Company&#8217;s activities to December 31, 2004.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>2004 was a year in which Eldorado began construction of our Kisladag Mine in Turkey, advanced our shaft deepening in our S&#259;o Bento Mine in Brazil, moved forward with our Environmental Impact Assessment (EIA) study for Efem&#962;ukuru in Turkey, created a new representative office in Beijing to advance our China strategy and continued to strengthen our balance sheet.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>During the year the Company raised CDN$77.6 M. The Company is well positioned with US$135.0 M in cash, debt free and hedge free, to continue its strategy for value added growth.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>Operations</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B><I>Sao Bento Mine</I></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>In 2004 our S&#227;o Bento Mine in Brazil produced 82,024 oz. of gold at a cash cost of US$ 295/oz. &nbsp;Production in 2005 is planned to be 90,000 oz. at a cash cost of US$ 270/oz. </P>
<P style="margin:0pt; line-height:16.15pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Throughout the year, the Company continued to advance the Shaft Deepening Project. &nbsp;The deepened shaft is scheduled for commissioning in August and remains on budget.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>During 2004 2,791 meters of infill drilling and 17,612 meters of exploration drilling were completed. &nbsp;A total of 8,945 meters were drilled below the mine&#146;s deeper intrusive (approximately 32<SUP>nd</SUP> Level). &nbsp;This drilling has not been successful in re-establishing continuity of the mineralization below the intrusive. &nbsp;2004 year-end reserve calculations presently underway will, as a result, include no mineral reserves below the intrusive.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>Development</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><I>Kisladag</I></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>In 2004 we acquired all the private and public land for construction of the Kisladag Mine Project, updated the Feasibility Study to reflect 2004 costs and completed the permitting process and approvals from the Turkish Authorities for construction of the mine to begin in 2004.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Installation of site services began in Q3, 2004 with the site access road, high voltage power line and completion of two process water wells. &nbsp;In December earthworks for the first phase of the leach pad installation began along with mobilization of the mine contractor in preparation for
preproduction mining scheduled to start in January 2005.</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:396pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=right>Page 2</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Construction activities planned for 2005 include civil and concrete work commencing in Q1 and preparation for delivery and installation of the crushers and conveyors in Q2. &nbsp;Construction is planned for completion in early Q4 with commissioning leading to startup as planned by the end of 2005.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B><I>Efem&#962;ukuru</I></B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>The Company continues to move forward with the EIA study for Efem&#962;ukuru. &nbsp;The final phase of this work will involve public consultation on the project through the Ministry of Environment. &nbsp;Socio economic issues will be addressed in the EIA study prior to submission in Q1 2005. &nbsp;The development schedule for Efem&#962;ukuru, following approval of the EIA, anticipates production commencing at the mine in late 2007.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B><I>China</I></B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>The October 2003 agreement with the China National Gold Group Corporation (&#8220;CNGC&#8221;) for the exclusive rights to review their portfolio of operating mines development projects and exploration projects expired in 2004. &nbsp;At this point, &nbsp;Eldorado does not believe that CNGC will be in a position to transfer the assets of the previously identified mines and projects of interest in a time frame suitable to Eldorado. In 2004 the Company has identified opportunities in China external to CNGC. &nbsp;Our goal is to establish a strategic partnering relationship with a Chinese public or private company to acquire advance stage development projects or operating mines to develop a growing business in China. &nbsp;&nbsp;</P>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Eldorado is a gold producing and exploration 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>
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<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>ON BEHALF OF</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B>ELDORADO GOLD CORPORATION</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><B><I>Earl W. Price</I></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Earl W. Price</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Chief Financial Officer</P>
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<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=justify><I>The terms &#147;Mineral Reserve&#148;, &#147;Proven Mineral Reserve&#148; and &#147;Probable Mineral Reserve&#148; used in this release are Canadian mining terms as defined in accordance with National Instrument 43-101 &#150; Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the &#147;CIM&#148;) 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 (&#147;SEC&#148;) 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; 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>The terms &#147;Mineral Resource&#148;, &#147;Measured Mineral Resource&#148;, &#147;Indicated Mineral Resource&#148;, &#147;Inferred Mineral Resource&#148; used in this release are Canadian mining terms as defined in accordance with National Instruction 43-101 &#150; 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&#146;s technical reports, including the Annual Information Form and other reports filed under the Company&#146;s name at www.sedar.com. &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 &#147;mineral resource&#148;, &#147;measured mineral resource,&#148; &#147;indicated mineral resource&#148;, and &#147;inferred mineral resource&#148; 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 report 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 &#147;indicated mineral resource&#148; and &#147;inferred mineral resource&#148; there is 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 pa
rt of an &#147;indicated mineral resource&#148; or &#147;inferred mineral resource&#148; 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:11pt"><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 materially from those described in forward looking statements. &nbsp;Specific reference is made to &#147;Narrative Description of the Business &#150; Risk Fact
ors&#148; in the</I><FONT FACE="Arial"><BIG> </BIG></FONT><I>Company&#146;s Annual Information Form and the factors discussed in the Prospectus dated November 5, 2004. &nbsp;Forward-looking statements in this release include statements regarding the expectations and beliefs of management. &nbsp;Such factors included, amongst others the following: &nbsp;gold price volatility; impact &nbsp;of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled &#147;Risk Factors&#148; in the Prosp
ectus dated November 5, 2004. &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&#146;s business contained in the Company&#146;s reports filed with the securities regulatory authorities.</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Eldorado Gold Corporation&#146;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; 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">Contact:</P>
<P style="margin-top:0pt; margin-bottom:-11pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Nancy E. Woo, Manager Investor Relations </P>
<P style="margin-top:0pt; margin-bottom:-11pt; text-indent:216pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Eldorado Gold Corporation</P>
<P style="margin:0pt; text-indent:360pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Phone: 604.601.6650 or 1.888.353.8166</P>
<P style="margin:0pt; text-indent:216pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">&nbsp;1188, 550 Burrard Street </P>
<P style="margin-top:0pt; margin-bottom:-11pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Fax: 604.687.4026</P>
<P style="margin-top:0pt; margin-bottom:-11pt; text-indent:216pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Vancouver, BC V6C 2B5</P>
<P style="margin:0pt; text-indent:360pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Email: nancyw@eldoradogold.com </P>
<P style="margin:0pt; text-indent:216pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Web site: www.eldoradogold.com</P>
<P style="margin:0pt; padding-right:-9.5pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Request for information packages: info@eldoradogold.com</P>
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