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NEWS RELEASE

ELD No. 07-17

TSX: ELD  AMEX: EGO

September 12, 2007




Efemçukuru Drilling Continues to Confirm and Extend Mineralization


VANCOUVER, BC – Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (‘Eldorado” the “Company” or “we”) is pleased to announce further results from our ongoing drill program at the Efemçukuru Project in Western Turkey.   These results are primarily from the backlog of pending holes that tested the South and Middle Ore Shoots of the Kestane Beleni vein this summer.  Initial results from drilling on peripheral targets as well as the North Ore Shoot (see Figure 1) are also disclosed.   These data will be used to update the Efemçukuru mineral resources and reserves at year end.  


Drilling for the remainder of the year will continue testing the North Ore Shoot, northern and southern extents of the Kestane Beleni vein, and the paralleling Kokarpinar veins (Figure 1).  To date, resources and reserves at Efemçukuru are limited to the South and Middle Ore Shoots.


Results from fifty-three additional drill holes have been received.  These data are shown in Table 1 and illustrated in a Longitudinal Section (Figure 2).  Results are pending from an additional 14 holes.   Calculated intervals generally used a 3 g/t gold cut off.  



Table 1: EFEMçUKURU DRILL RESULTS




Hole ID



m From



m To


Interval

m

Estimated

True Width

m

Gold

Grade

g/t



Comments

South Ore Shoot

 

 

 

 

 

 

KVP-169

130.30

131.80

1.50

1.41

10.95

 

KVP-205

172.85

176.35

3.50

2.87

30.25

 

KV-206

no significant mineralization

 

KV-207

56.00

61.00

5.00

3.98

9.48

 

KV-210

115.60

128.10

116.58

131.10

1.20

3.00

1.07

2.67

7.20

3.58

 

KV-212

136.40

149.80

13.40

11.60

14.36

 

KV-213

106.20

116.55

110.55

117.40

4.35

0.85

4.05

0.79

3.92

8.79

 

KV-216

125.75

140.40

14.65

12.29

11.10

 

KV-218

114.80

128.26

115.52

131.30

0.72

3.04

0.67

2.85

12.10

29.62

 

Including

129.20

130.40

1.20

1.12

63.60

Ag grade = 90 g/t

KV-219

151.45

155.26

158.42

152.50

158.67

159.50

1.05

0.51

1.08

0.97

0.47

0.92

18.40

8.29

6.64

 

KVP-220

188.75

193.10

4.35

3.86

7.87

 

KV-221

173.70

178.42

4.42

3.60

9.20

 

KV-222

124.60

125.60

1.00

0.92

8.56

 

 

130.00

140.80

10.80

9.93

13.60

428 g/t Ag 130.00-130.73

Including

132.80

133.80

1.00

0.92

58.10

 

KV-224

121.81

133.10

139.60

123.68

134.02

144.60

1.87

0.92

5.00

1.53

0.75

4.10

5.42

10.72

12.84

 

KVP-225

208.85

210.06

1.21

1.02

46.80

 

KV-226

132.60

134.60

2.00

1.77

27.76

 

KVR-228

65.50

66.50

66.50

74.00

1.00

4.00

0.90

3.60

29.10

7.88

 

Including

71.00

77.00

71.50

78.50

0.50

1.50

0.45

1.35

25.80

5.68

 

KV-229

203.40

211.10

7.70

6.84

17.69

 

Including

206.40

207.40

1.00

0.89

87.50

Ag grade = 65 g/t

KVR-230

53.50

58.50

5.00

4.05

3.19

 

KV-231

198.08

201.93

199.13

202.65

1.05

0.72

0.97

0.67

6.10

8.88

 

KV-232

123.80

138.20

132.20

139.20

8.40

1.00

7.12

0.85

10.74

92.10


Ag grade = 58 g/t

KV-233

177.72

180.00

2.28

2.10

22.81

 

KVR-234

53.50

55.00

1.50

1.15

11.26

 

KV-235

119.00

120.50

1.50

1.45

10.50

 

KV-236

134.10

166.68

135.20

169.80

1.10

3.12

0.84

2.39

233.10

3.71

Ag grade = 95 g/t

KVR-237

no significant mineralization

 

KV-239

no significant mineralization

 

KVP-240

no significant mineralization

 

KVR-241

66.50

69.40

69.00

73.00

2.50

4.00

2.38

3.80

6.12

3.05

 

KV-242

84.65

99.00

86.56

100.00

1.91

1.00

1.53

0.80

12.43

45.30

 

KVP-243

no significant mineralization

 

KVP-244

259.50

263.56

4.06

3.09

23.10

 

Including

259.50

272.28

260.60

277.40

1.10

5.12

0.84

3.90

75.80

5.40

Ag grade = 56 g/t

KVP-245A

no significant mineralization

 

KVP-247

221.50

223.42

1.92

1.49

21.70

 

KVP-248A

no significant mineralization

 

KV-256

57.20

71.20

14.00

12.24

7.34

 

Including

67.20

74.61

68.20

77.61

1.00

3.00

0.87

2.61

25.30

6.44

 

KV-257

67.90

76.50

8.60

8.20

10.56

 

 

82.78

84.33

1.55

1.48

11.09

 

KV-259

no significant mineralization

 

 

 

 

 

 

 

 

Middle Ore Shoot

 

 

 

 

 

 

KV-209

12.85

19.80

6.95

6.44

19.34

 

KVP-211

177.70

179.50

1.80

1.17

4.36

Ag grade = 83 g/t

KV-238

64.85

68.75

3.90

2.06

13.67

 

Including

65.55

66.22

0.66

0.35

60.90

Ag grade = 52 g/t

KV-246

229.00

254.60

231.27

257.00

2.27

2.40

1.40

1.48

4.30

4.92


Ag grade = 137 g/t

KV-249

189.15

190.14

1.49

1.02

6.90

 

KV-250

57.43

75.70

18.27

15.80

4.23

 

81.55

91.67

10.12

8.75

11.94

106.80

111.20

4.40

3.81

9.99

KVP-251

432.10

434.30

2.16

1.79

4.45

Ag grade = 63 g/t

KV-254

no significant mineralization

 

KVR-255

38.00

48.00

10.00

9.52

12.26

 

KVR-258

0.00

3.00

3.00

2.39

6.22

 

4.50

9.00

4.50

3.59

13.87

KV-260

82.65

99.60

83.80

101.99

1.15

2.39

0.78

1.61

34.30

7.40

 

KV-261

51.20

59.51

54.80

62.54

3.60

3.03

2.43

2.05

5.36

7.53

 

KV-262

44.00

50.95

6.95

4.75

8.48

 

 

67.00

73.45

6.45

4.41

18.81

 

 

 

 

 

 

 

 

North Ore Shoot

 

 

 

 

 

 

KV-252

no significant mineralization

 

KV-265

39.78

46.85

7.07

5.61

4.56

 

46.85

53.18

6.33

5.02

12.52


The results are predominantly from the South Ore Shoot and provide clearer definition of the mid- to high grade gold mineralized boundaries of this deposit.  Notable results include those from KV-229 and KVP-244.  The thick and high grade intersection in KV-229 builds on the result in KV-165 to confirm the presence of a third mineralized lobe in the South Ore Shoot.  KVP-244 returned bonanza-type grades from the deepest test yet on the South Ore Shoot.  


Transition Zone and Middle Ore Shoot generally confirmed predicted thicknesses and level of gold mineralization in the areas tested.  One of two deep tests (the other is pending), KVP-251, successfully intersected quartz-rhodonite vein material and gold mineralization, albeit of lower grade.  


Our initial results from the North Ore Shoot drilling including KV-252 intersected a narrow vein interval whereas KV-265 nicely confirmed our earlier interpretation of a mid-grade gold zone in the North Ore Shoot.  


“These results continue to confirm the Company’s view of the defined resource as well as the tremendous opportunity for subsequent resources and reserve expansion” commented Paul N. Wright, President and Chief Executive Officer.


Stephen Juras, Ph.D., P.Geo., Manager, Geology is the qualified person for the technical disclosure in this press release.  Samples are prepared at Eldorado’s facility in Turkey and assayed at the ALS facility at Vancouver, Canada.  Analysis for gold is done on sawn half core samples and reverse circulation cuttings using fire assay (AA finish).  Higher grade samples (≥ 5 g/t) were re-assayed using fire assay with a gravimetric finish.  Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data.  In addition, about 20% of the samples are re-submitted for duplicate analysis at Assayers Canada laboratory in Vancouver, Canada.  


Eldorado is a gold producing and exploration company actively growing businesses in Brazil, Turkey and China. 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 grow in value as we create and pursue new opportunities.




ON BEHALF OF

ELDORADO GOLD CORPORATION


“Paul N. Wright”


Paul N. Wright

President and Chief Executive Officer



Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995, and forward looking statements or information within the meaning of the Securities Act (Ontario). Such forward looking statements or information include, but are not limited to statements or information with respect to  unknown risks, 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 or information 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 or information. 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.  Specific reference is made to “Forward Looking Statements and Risk Factors” in the Company’s Annual Information Form and Form 40-F dated March 29, 2007.  Forward-looking statements herein include statements regarding the expectations and beliefs of management.  Such factors included, amongst others the following:  gold price volatility; impact  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 “Risk Factors” in the Company’s Annual Information Form and Form 40-F dated March 29, 2007.  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 in Canada and the U.S.


Eldorado Gold Corporation’s shares trade on the Toronto Stock Exchange (TSX: ELD) and the American Stock Exchange (AMEX: EGO). The TSX has neither approved nor disapproved the form or content of this release.


Contact:


Nancy E. Woo, Manager Investor Relations

Eldorado Gold Corporation

Phone: 604.601.6650 or 1.888.353.8166

1188, 550 Burrard Street

Fax: 604.687.4026

Vancouver, BC V6C 2B5

Email nancyw@eldoradogold.com

Web site: www.eldoradogold.com

Request for information packages: info@eldoradogold.com