<SEC-DOCUMENT>0001137171-16-000350.txt : 20160823
<SEC-HEADER>0001137171-16-000350.hdr.sgml : 20160823
<ACCEPTANCE-DATETIME>20160823144535
ACCESSION NUMBER:		0001137171-16-000350
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160822
FILED AS OF DATE:		20160823
DATE AS OF CHANGE:		20160823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELDORADO GOLD CORP /FI
		CENTRAL INDEX KEY:			0000918608
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31522
		FILM NUMBER:		161847045

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1188 - BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2B5
		BUSINESS PHONE:		(604) 687-4018

	MAIL ADDRESS:	
		STREET 1:		SUITE 1188 - BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2B5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO CORP LTD                                       /FI
		DATE OF NAME CHANGE:	19960701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO GOLD CORP                                      /FI
		DATE OF NAME CHANGE:	19940203
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eldorado6k08222016.htm
<DESCRIPTION>ELDORADO GOLD CORPORATION - 6-K
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>CA Filed by Filing Services Canada Inc. 403-717-3898</title>
</head>

<body>

<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">&nbsp;</p>

<p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center"><b>FORM
6-K</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt" align="center"><br>
</p>
<p style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align="center">UNITED
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>Report
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>Pursuant
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>August, 2016</b></p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;
</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><br>
      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>
      </p>
    </td>
  </tr>
</table>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</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 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's &quot;home country&quot;), 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.</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>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<hr>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<br>
<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>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
</p>
<div align="center">
  <center>
  <table style="font-size:10pt" cellspacing="0" width="100%">
    <tr>
      <td valign="top" width="319.2">
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </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">Date:&nbsp;
        August 23, 2016</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>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin:0pt; font-family:Times New Roman; font-size:12pt"><br>
        </p>
        <p style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><u>/s/
        Dawn Moss<br>
        <br>
        </u></p>
        <p style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dawn
        Moss, Corporate Secretary</p>
      </td>
    </tr>
  </table>
  </center>
</div>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="margin:0pt; font-family:Times New Roman; font-size:12pt">&nbsp;</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">Exhibits</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>
<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">99.1&nbsp;&nbsp;&nbsp;
<a href="newsrelease.htm">Press Release - Eldorado Announces New Exploration Projects in Romania, Serbia and Brazil</a></p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; margin: 0pt">&nbsp;</p>
<hr>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE - ELDORADO ANNOUNCES NEW EXPLORATION PROJECTS IN ROMANIA, SERBIA AND BRAZIL
<TEXT>
<HTML>
<HEAD>
     <TITLE>CA Filed by Filing Services Canada Inc. 403-717-3898</TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: right">&#9;<IMG SRC="image_001.jpg" ALT="" STYLE="height: 62px; width: 157px"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 14pt Cambria, Times, Serif; padding-right: 5.4pt; width: 50%"><FONT STYLE="font: 14pt Calibri, Helvetica, Sans-Serif">NEWS RELEASE</FONT></TD>
    <TD STYLE="font: bold 14pt Cambria, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; width: 50%"><FONT STYLE="font: 14pt Calibri, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 14pt Cambria, Times, Serif"><FONT STYLE="font: 14pt Calibri, Helvetica, Sans-Serif">TSX: ELD&nbsp;&nbsp;&nbsp;NYSE: EGO</FONT></TD>
    <TD STYLE="font: bold 14pt Cambria, Times, Serif; text-align: right"><FONT STYLE="font: 14pt Calibri, Helvetica, Sans-Serif">August 22, 2016</FONT></TD></TR>
</TABLE>

<P STYLE="font: bold 14pt Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: bold 14pt Calibri, Helvetica, Sans-Serif; margin: 0">&#9;</P>

<P STYLE="font: bold 14pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Eldorado Announces New Exploration Projects
in Romania, Serbia and Brazil</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; color: red">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">VANCOUVER, BC, August 22, 2016 &ndash; Eldorado
Gold Corporation, (&ldquo;Eldorado&rdquo; or &ldquo;the Company&rdquo;) is pleased to announce plans at four new exploration projects.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">The large <B>Bolcana porphyry copper-gold
system</B> <B>in Romania</B>, recently acquired through public auction, provides a new opportunity contiguous with the Company&rsquo;s
growing land package in the highly prospective Apuseni mining district in Romania. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">The <B>Borborema and Nazareno gold projects
in Brazil</B> will be explored under an option agreement with Votorantim Metais. These new projects expand the Brazilian exploration
portfolio into two regions with proven metallogenic potential, and establishes a partnership with a highly respected local mining
company with a long history of discovery and mine development.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">The <B>Karavansalija Mineralized Centre
project in Serbia</B> is a large skarn and epithermal system with multiple mineralized zones and untested targets, and provides
an entry into this emerging mining-friendly jurisdiction.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Peter Lewis, Vice President of Exploration
at Eldorado, stated: &ldquo;Our team is excited by the addition of these projects to our exploration portfolio, as they all include
defined targets that we plan to drill aggressively for the remainder of 2016, in addition to the outstanding long-term exploration
potential on the surrounding license areas.&rdquo;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Bolcana, Romania</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">In August 2016 the Romanian National Agency
for Mineral Resources awarded the Troita - Pitigus exploration license covering the Bolcana project to Eldorado&rsquo;s 100% owned
Romania subsidiary SC European Goldfields Deva SRL. The Bolcana project is located in the Golden Quadrilateral mining region of
the Apuseni Mountains near the historic mining centers of Deva and Brad, and approximately six kilometres west of the Company&rsquo;s
Certej development project. The Troita - Pitigus license area is contiguous with the Company&rsquo;s existing exploration and mining
licenses, bringing Eldorado&rsquo;s land position in the district to 46 square kilometres.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The project area comprises a central copper-gold
porphyry system, flanked by vein-hosted and disseminated epithermal gold deposits and occurrences. The porphyry deposit was explored
as a copper prospect by the Romanian state in the 1970s and 1980s. From 2002 to 2004, European Goldfields conducted detailed exploration
in the upper 200 metres of the porphyry via drilling and resampling of five levels of underground workings. Key results of the
previous exploration work that highlight the potential of the porphyry target include:</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">A surface footprint of phyllic and argillic
alteration of approximately 2 kilometre by 1 kilometre with localized potassic alteration and stockwork vein networks.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">High copper and gold grades reported
in the 2002 drilling program, including an intercept of 208 metres starting from 10 metres downhole grading 0.99 grams per tonne
gold and 0.32% copper (<I>see European Goldfields news release dated March 04, 2003</I>).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">A geophysical signature consisting of
an 850 metre by 500 metre magnetic anomaly coincident with a high chargability zone.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Distal portions of the Bolcana porphyry and
epithermal gold deposits and occurrences on surrounding licenses have historically been explored. Drilling by Eldorado in both
2013 and 2015 on the Certej North exploration license abutting Bolcana to the north intersected porphyry-style mineralization (181
metres at 0.40 grams per tonne gold and 0.25% copper) interpreted as representing the northern edge of the Bolcana porphyry, as
well as zones of disseminated epithermal mineralization (76 metres at 0.37 grams per tonne gold).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Troita - Pitigus exploration license is
granted for a period of five years and can be renewed for an additional three years. Within the first year, Eldorado is obligated
to complete a work program comprising target delineation work and 24,000 metres of drilling. This drilling will test the Bolcana
porphyry deposit over a north-south extent of over a kilometre, with drillhole fences spaced at approximately 100 metres. Drillsite
permitting is underway, and drilling is expected later this year.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Borborema and Nazareno, Brazil</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="line-height: 107%">On
July 26, 2016, Eldorado signed definitive agreements with Votorantim Metais granting Eldorado the option to acquire up to 70% ownership
in the Borborema and Nazareno license areas, located in Pernambuco and Minas Gerais states respectively. Under the terms of the
agreements Eldorado can earn 51% of either project by spending a minimum of $2 million in the first year and $1 million in every
subsequent year on exploration, and generating a NI 43-101 compliant resource of at least 500,000 ounces of gold or by spending
a total of $10 million over five years. Eldorado can increase its ownership to 70% by producing a feasibility study within ten</FONT>
years of signing the agreement.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><U>Nazareno Project</U></P>

<P STYLE="font: 11pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">The
Nazareno project consists of 382 square kilometres adjacent to the prolific Quadrilatero Ferrifero (QF), known for its past producing
high-grade gold deposits (e.g. <FONT STYLE="background-color: white">C&oacute;rrego do S&iacute;tio</FONT></FONT><FONT STYLE="font: 10.5pt/107% Arial, Helvetica, Sans-Serif; background-color: white">&nbsp;</FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&ndash;
10.7 million ounces at 5.4 grams per tonne gold; Sao Bento &ndash; 1.2 million ounces at 10.6 grams per tonne gold; Caete &ndash;
2.5 million ounces at 3.3 grams per tonne gold). The project covers over 90 kilometres strike length of a prospective mineralized
shear zone, and is underlain by the same Nova Lima Group rocks that host most gold mineralization in the QF. The licenses under
option include the Gamba Zone where Votorantim previously identified and drill-tested high grade gold mineralization, and numerous
untested gold in soil anomalies along strike from the Gamba zone. Only 20% of the project area has been covered to date by soil
samples or geological mapping.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Work planned for the first year
of the Nazareno option agreement includes 4,000 metres of drilling on known occurrences, and systematic mapping and sampling programs
focused on generating new exploration targets.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><U>Borborema Project</U></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Borborema project covers 3,400
square kilometres in Pernambuco state in northeast Brazil. The project encompasses drill-ready targets at the Vulture Zone and
the Parnamirim Zone as well as multiple other targets defined by high-grade rock samples and untested soil and stream sediment
anomalies.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Vulture Zone is centered on
a 300 metre long mapped exposure of stockwork veining, breccia, and strong silicification controlled by a steeply-dipping fault
system. A strong gold-arsenic soil anomaly and chargeability anomaly extend well beyond the exposed mineralization, defining a
target area over 1.4 kilometres in strike length. Twenty outcrop grab samples collected by Eldorado returned gold values of 0.91
to 48.5 grams per tonne with an average value of 7.2 grams per tonne. The Parnamirim Zone covers at least four northwest-striking
orogenic quartz veins with mapped strike lengths ranging from 0.9 to 1.3 kilometres, and apparent widths on surface of up to 20
metres. Of thirty-eight chip samples collected by Eldorado, gold results range from below detection to 483 grams per tonne gold
and average 38.1 grams per tonne gold. There is no previous drilling at the Vulture Zone and only limited drilling at Parnamirim.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Eldorado&rsquo;s initial exploration program
at Borborema will include drilling of the Vulture and Parnamirim zones and mapping, rock, soil, and stream sediment sampling elsewhere
on the large property position.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>KMC Project, Serbia</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Eldorado signed agreements in October
2015 with Euromax Resources Ltd. and Ridge Minerals DOO providing a one-year option to acquire 100% of the <FONT STYLE="line-height: 107%">Karavansalija
Mineralized Centre (KMC) </FONT>project in southeastern Serbia. Eldorado currently has three rigs active at the project with approximately
10,000 metres completed to date. Based on drilling results the Company has elected to exercise the option for total payments of
US$633,000.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The KMC project is host to a large
magmatic-hydrothermal system with multiple zones of gold, copper, and base metal mineralization. Prograde and retrograde skarn
is present within regionally extensive limestones, generally in close proximity to Tertiary dykes and plugs. Epithermal-style alteration
and mineralization overprints skarn and in many cases extends upward into an overlying volcanic package.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eldorado&rsquo;s comprehensive re-interpretation
and integration of geological, geochemical, and geophysical datasets generated by previous explorers has identified numerous new
drill targets. Our drilling to date has targeted high grade epithermal gold mineralization at the Copper Canyon zone, the 800
metre gap in drilling between the Copper Canyon and Gradina zones, a prominent magnetic anomaly peripheral to previous drilling
at the Shanac zone, and a target to the south of Copper Canyon.&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Contact</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Krista Muhr, Vice President Investor Relations
&amp; Corporate Communications</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Eldorado Gold Corporation</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">604 601 6701 or 1 888 353 8166</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">kristam@eldoradogold.com</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">www.eldoradogold.com</P>

<P STYLE="font: 10.5pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt"><B>About Eldorado Gold</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Eldorado is a leading low cost gold producer
with mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil. The Company&rsquo;s success to
date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term
partnerships with the communities where it operates. Eldorado&rsquo;s common shares trade on the Toronto Stock Exchange (TSX: ELD)
and the New York Stock Exchange (NYSE: EGO).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Qualified Person</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Dr. Peter Lewis, P. Geo., Vice President,
Exploration at Eldorado, is the Qualified Person for the technical disclosure in this press release. Certified standard reference
materials, field duplicate, and blank samples were inserted prior to shipment from the preparation sites and were regularly monitored
to ensure the quality of the data. Samples from the KMC project in Serbia and the Bolcana project in Romania were analyzed at ALS
laboratories in Romania and Ireland. QAQC samples were inserted into each batch at a rate of two or three standards, two duplicates,
and variable numbers of blanks per batch. In Brazil, rock samples collected from the Borborema and Nazareno projects were analyzed
at ALS laboratories.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>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 applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information
can be identified by the use of words such as &quot;plans&quot;, &quot;expects&quot;, &quot;is expected&quot;, &quot;budget&quot;,
&quot;scheduled&quot;, &quot;estimates&quot;, &quot;forecasts&quot;, &quot;intends&quot;, &quot;anticipates&quot;, or &quot;believes&quot;
or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results &quot;may&quot;,
&quot;could&quot;, &quot;would&quot;, &quot;might&quot; or &quot;will&quot; be taken, occur or be achieved. Forward-looking statements
or information herein include, but are not limited to the Company&rsquo;s Announcement of New Exploration Projects in Romania,
Serbia and Brazil.</I></P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Forward-looking statements and forward-looking
information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements or information.&nbsp; We have made certain assumptions
about the forward-looking statements and information, including assumptions about the political and economic environment that we
operate in, the future price of commodities and anticipated costs and expenses.&nbsp; Even though our management believes that
the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance
that the forward-looking statement or information will prove to be accurate.&nbsp; Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.&nbsp; These risks, uncertainties and other factors include,
among others, the following:&nbsp; political and economic environment, gold price volatility; discrepancies between actual and
estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation
risks; regulatory environment and restrictions, including environmental regulatory restrictions and liability; risks of sovereign
investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility;
competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well
as those factors discussed in the sections entitled &ldquo;Forward-Looking Statements&rdquo; and &quot;Risk Factors&quot; in the
Company's Annual Information Form &amp; Form 40-F dated March 30, 2016. </I></P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>There can be no assurance that
forward-looking statements or information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements.&nbsp; Accordingly, you should not place undue reliance on the
forward-looking statements or information contained herein.&nbsp; Except as required by law, we do not expect to update
forward-looking statements and information 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.</I></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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