<SEC-DOCUMENT>0001654954-19-003369.txt : 20190326
<SEC-HEADER>0001654954-19-003369.hdr.sgml : 20190326
<ACCEPTANCE-DATETIME>20190326121644
ACCESSION NUMBER:		0001654954-19-003369
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20190326
FILED AS OF DATE:		20190326
DATE AS OF CHANGE:		20190326

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:		19704697

	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>ego_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<title>JA Filed by Filing Services Canada Inc. 403-717-3898</title>
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<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Report of Foreign Private
Issuer</font></font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Pursuant to Rule 13a-16 or 15d-16<br>
of the Securities Exchange Act of 1934</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">For the month of
March, 2019</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">Commission File
Number &#xA0;<font style="font-weight: bold">001-31522</font></font></div>
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<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Eldorado Gold Corporation<br></font>
(Translation of registrant's name into English)</font></div>
</td>
</tr><tr>
<td style="width: 640px">
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold"><br>
1188-550 Burrard Street</font></font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Bentall 5</font></font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Vancouver, B.C.</font></font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Canada &#xA0;V6C 2B5<br></font> (Address of
principal executive offices)<br></font></div>
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<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">Indicate by check
mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.</font></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">Form 20-F....[
<font style="font-weight: bold">&#xA0;&#xA0;</font>]..... Form
40-F...[.<font style="font-weight: bold">X</font>.]...</font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">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): ____</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-left: 48px; padding-top: 6px; padding-bottom: 6px"><font style="font-family: Times New Roman"><font style="font-weight: bold">Note:</font>
Regulation&#xA0;S-T Rule&#xA0;101(b)(1) only permits the submission
in paper of a Form&#xA0;6-K if submitted solely to provide an
attached annual report to security holders.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-left: 48px; padding-top: 6px; padding-bottom: 6px"><font style="font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">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): ____</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-left: 48px; padding-top: 6px; padding-bottom: 6px"><font style="font-family: Times New Roman"><font style="font-weight: bold">Note:</font>
Regulation&#xA0;S-T Rule&#xA0;101(b)(7) only permits the submission
in paper of a Form&#xA0;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&#xA0;6-K submission or other Commission
filing on EDGAR.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-left: 48px; padding-top: 6px; padding-bottom: 6px"><font style="font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">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></div>
<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">Yes &#xA0;[
&#xA0;&#xA0;&#xA0;] &#xA0;No [ <font style="font-weight: bold">X</font> ]</font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">If "Yes" is marked,
indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________</font></div>
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<div style="text-align: center; line-height: 1.45; margin-left: auto; margin-right: auto; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Signatures</font></font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">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></div>
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<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Date: March 26,
2019</font></div>
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<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">ELDORADO GOLD CORPORATION</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;<br></font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><br>
<font style="text-decoration: underline">/s/ Karen
Aram</font></font></div>
<div style="text-align: left; line-height: 1.45; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Karen Aram,
Corporate Secretary</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman">Exhibits</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 6px; padding-bottom: 6px"><font style="font-size: 13px; font-family: Times New Roman"><a href="ego_991.htm">99.1</a>&#xA0;&#xA0; 2017 ESTMA
Report<br></font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ego_991.htm
<DESCRIPTION>2017 ESTMA REPORT
<TEXT>
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<title>Blueprint</title>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center"><img src="ego_image1.jpg"></div>
<div><font style="font-family: Arial Narrow;"><font style="font-size: 19px">&#xA0;<br></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 19px"><font style="font-weight: bold; color: rgb(64, 83, 93);">STATEMENT UNDER THE
ACT RESPECTING TRANSPARENCY MEASURES</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 19px"><font style="font-weight: bold; color: rgb(64, 83, 93);">IN THE MINING, OIL AND
GAS INDUSTRIES</font> <font style="color: rgb(64, 83, 93);">(s.1)</font></font></font></div>
<div><font style="font-family: Arial Narrow;"><font style="font-size: 19px">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Fiscal year covered by the
statement: from <font style="font-weight: bold"><font style="text-decoration: underline">January 1, 2017</font></font> to
<font style="font-weight: bold"><font style="text-decoration: underline">December 31,
2017</font></font></font></div>
<div>&#xA0;<br></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Name of the entity filing the
statement: <font style="font-weight: bold"><font style="text-decoration: underline">Eldorado Gold
Corporation</font></font></font></div>
<div>&#xA0;<br></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Name(s) of the subsidiary or
subsidiaries for which the entity files the statement, where
applicable:
___________________________________________<br></font></div>
<div>&#xA0;</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div>&#xA0;</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 16px"><font style="font-size: 13px;"><font style="font-size: 16px"><font style="font-weight: bold">CERTIFICATE</font></font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">I certify that I have examined the
information contained in the statement of <font style="text-decoration: underline"><font style="font-weight: bold">Eldorado Gold Corporation</font></font> for the
fiscal year that began on <font style="font-size: 13px;"><font style="font-weight: bold">January 1,
2017</font></font> and ended on</font> <font style="font-weight: bold"><font style="font-size: 13px;"><font style="text-decoration: underline; font-weight: bold;">December 31,
2017</font></font>.</font> <font><font style="font-size: 12px"><font style="font-size: 13px">To my knowledge and
having exercised due diligence, the information contained in the
statement is, in all material respects for the purposes of the Act,
true, accurate and complete.</font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Full name of the officer or
director: <font style="font-weight: bold"><font style="text-decoration: underline">Philip Yee</font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Title of position: <font style="text-decoration: underline"><font style="font-weight: bold">EVP
and Chief Financial Officer</font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">Date: <font style="text-decoration: underline"><font style="font-weight: bold">March
25, 2019</font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;"><font style="text-decoration: underline"><font style="font-weight: bold">&#x201C;Philip
Yee&#x201D;</font></font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;">&#xA0;</font></div>
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<font style="font-size: 13px;">[Signature]</font></div>
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</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
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<table cellpadding="0" cellspacing="0" style="text-align: center; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto;">
<tr style="background-color: #585858">
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px;">&#xA0;</font><font style="color: rgb(255, 255, 255); font-weight: bold; font-size: 13px;"><font style="font-size: 16px">Extractive
Sector Transparency Measures Act - Annual Report</font></font>
<font style="font-family: Times New Roman; font-size: 16px;"><br>
</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting
Year</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold;">From:</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">&#xA0;
<font style="font-size: 12px">1/1/2017</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 2px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">To:</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; width: 37%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">&#xA0;
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">12/31/2017</font></font></div>
</td>
<td rowspan="3" style="vertical-align: top; width: 7%; border-bottom: 2px solid #ffffff">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td colspan="2" rowspan="4" style="vertical-align: top; width: 23%; border-right: 1pt solid #000000">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
Name</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; width: 38%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">&#xA0;
<font style="font-size: 12px">Eldorado Gold
Corporation</font></div>
</td>
<td colspan="3" style="vertical-align: top; border-bottom: 2px solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Currency of the
Report</font></font> <font style="font-size: 12px"><font style="font-family: Times New Roman;">USD</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 23px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
ESTMA Identification Number</font></font></div>
</td>
<td colspan="8" style="vertical-align: top; width: 61%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">&#xA0;
<font style="font-size: 12px"><font style="font-family: Times New Roman;">E919377</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 3px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Subsidiary
Reporting Entities (if necessary)</font></font></div>
</td>
<td colspan="9" style="vertical-align: top; width: 68%; border-left: 0.6pt solid #FFFFFF">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
</tr><tr style="background-color: #c5d9f1">
<td colspan="12" style="vertical-align: top; width: 100%; border-left: 1pt solid #000000; border-right: 1pt solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Payments by
Payee</font></font></div>
</td>
</tr><tr style="background-color: #4f82bd">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255);">Country</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255);">Payee
Name</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0; <font style="color: rgb(255, 255, 255); font-weight: bold;">Departments,
Agency, etc&#x2026; within Payee that Received
Payments</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px">&#xA0;&#xA0; <font style="font-weight: bold; color: rgb(255, 255, 255);">Taxes</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255);">Royalties</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px">&#xA0; <font style="font-weight: bold; color: rgb(255, 255, 255);">Fees</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold;">Production
Entitlements</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;&#xA0; <font style="font-weight: bold; color: rgb(255, 255, 255);">Bonuses</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;&#xA0; <font style="font-weight: bold; color: rgb(255, 255, 255);">Dividends</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold;">Infrastructure</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold;">Improvement
Payments</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold;">Total Amount paid
to Payee</font></font></div>
</td>
<td style="vertical-align: middle; width: 15%; border-left: 0.6pt solid rgb(255, 255, 255); border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255);">Notes</font></font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Romania</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Certej Municipal
Government</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">130,000</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Arial Narrow;">130,000</font></font></div>
</td>
<td style="vertical-align: middle; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left"><font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the Certej Local
Council.</font> <font style="font-family: Times New Roman; font-size: 10"><br>
</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 7px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in RON, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 4.056.</font></font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Romania</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Baita Municipal
Government</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">100,000</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Arial Narrow;">100,000</font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the Baita Local
Council.</font> <font style="font-family: Times New Roman; font-size: 10"><br>
</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 7px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in RON, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 4.056.</font></font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Greece</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Federal Government of Greece</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">180,000</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">150,000</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px"><font style="font-weight: bold;">330,000</font></font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the Greek
State.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 7px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in EUR, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 0.887.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">The breakdown of the amounts paid to
the payee is as follows:</font></font></div>
<div><font style="font-size: 12px"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Arial Narrow;">1)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Arial Narrow;">Taxes: 180,000 paid in cash and
$690,000 paid through offset of VAT refundable.</font></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-size: 12px"><font style="font-family: Arial Narrow;">2)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Arial Narrow;">Royalties: $150,000 paid in cash and
$670,000 paid through offset of VAT refundable and Greek State
penalties refundable.</font></font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Turkey</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Federal Government of the Republic of
Turkey</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF">
<div><font style="font-size: 12px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;10,010,000</font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;<font style="font-family: Arial Narrow;">7,400,000</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;<font style="font-family: Arial Narrow;">20,100,000</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;&#xA0;<font style="font-weight: bold; font-family: Arial Narrow;">37,510,000</font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the Esme Tax Office,
Kavaklidere Tax Office, Regional Directorate of Forestry, General
Directorate of Mining, and Baskent Tax Office.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Taxes: 10,010,000 paid in cash,
35,140,000 paid through offset of VAT refundable. Taxes include
corporate taxes paid and withholding tax on a dividend
payment.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 8px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in TRY, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 3.648.</font></font></div>
</td>
</tr></table>
</div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: #585858">
<td colspan="12" style="vertical-align: top; width: 100%; border-left: 1pt solid #000000; border-right: 1pt solid #000000; border-top: 1pt solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">
Extractive Sector Transparency Measures Act - Annual
Report</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting
Year</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">From:</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px">&#xA0; <font style="font-family: Arial Narrow;">1/1/2017</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 2px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">To:</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; width: 37%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0; <font style="font-family: Arial Narrow;">12/31/2017</font></font></div>
</td>
<td rowspan="3" style="vertical-align: top; width: 7%; border-bottom: 2px solid #ffffff">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td colspan="2" rowspan="4" style="vertical-align: top; width: 22%; border-right: 1pt solid #000000">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
Name</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; width: 38%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px">&#xA0; <font style="font-family: Times New Roman;">Eldorado Gold
Corporation</font></font></div>
</td>
<td colspan="3" style="vertical-align: top; border-bottom: 2px solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Currency of the
Report</font>&#xA0; <font style="font-family: Times New Roman;">USD</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 23px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
ESTMA Identification Number</font></font></div>
</td>
<td colspan="8" style="vertical-align: top; width: 61%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0; <font style="font-family: Times New Roman;">E919377</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 3px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Subsidiary
Reporting Entities (if necessary)</font></font></div>
</td>
<td colspan="9" style="vertical-align: top; width: 68%; border-left: 0.6pt solid #FFFFFF">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
</tr><tr style="background-color: #c5d9f1">
<td colspan="12" style="vertical-align: top; width: 100%; border-left: 1pt solid #000000; border-right: 1pt solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Payments by
Payee</font></font></div>
</td>
</tr><tr style="background-color: #4f82bd">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Country</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;<font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">Payee
Name</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;<font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">Departments,
Agency, etc&#x2026; within Payee that Received
Payments</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Taxes</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px">&#xA0;<font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">Royalties</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Fees</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">
Production Entitlements</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Bonuses</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Dividends</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">
Infrastructure Improvement Payments</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">
Total Amount paid to Payee</font></font></div>
</td>
<td style="vertical-align: middle; width: 15%; border-left: 0.6pt solid rgb(255, 255, 255); border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Notes</font></font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;Turkey</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Ulubey Municipal Government</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">130,000</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0; <font style="font-weight: bold;">130,000</font></font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Payments made in TRY, converted to USD at the
exchange rate at the date of the individual payment. The average
exchange rate for the period was 3.648.</font></font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;Turkey</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Menderes Municipal Government</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">180,000</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">170,000</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;<font style="font-weight: bold;">350,000</font></font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Payments made in TRY, converted to USD at the
exchange rate at the date of the individual payment. The average
exchange rate for the period was 3.648.</font></font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px">&#xA0;<font style="font-family: Arial Narrow;">Turkey</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Usak Municipal
Government</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">780,000</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center"><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Arial Narrow;">780,000</font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the Usak Tax
Office.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 8px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in TRY, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 3.648.</font></font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Brazil</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Federal Government of the Federative Republic of
Brazil</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;220,000</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;<font style="font-weight: bold;">220,000</font></font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 19px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made to the National
Department of Mineral Production.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 8px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in BRL, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 3.194.</font></font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: middle; width: 10%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Canada</font></font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">Municipality</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">of Val-d'Or</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px">130,000</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Arial Narrow;"><font style="font-size: 12px">&#xA0;</font></font></div>
</td>
<td style="vertical-align: middle; width: 7%; border-left: 0.6pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Arial Narrow;"><font style="font-size: 12px"><font style="font-weight: bold;">130,000</font></font></font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;<br></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Arial Narrow;">Payments made in CAD, converted to USD
at the exchange rate at the date of the individual payment. The
average exchange rate for the period was 1.298.</font></font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 15%; border-left: 0.6pt solid #FFFFFF; border-right: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: top; width: 10%; border-left: 1pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 7%; border-left: 0.6pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
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&#xA0;&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Additional Notes:</font></div>
</td>
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</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: #585858">
<td colspan="11" style="vertical-align: top; width: 100%; border-left: 1.1pt solid #000000; border-right: 1.35pt solid #000000; border-top: 1.1pt solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="color: rgb(255, 255, 255); font-weight: bold; font-family: Times New Roman;">
Extractive Sector Transparency Measures Act - Annual
Report</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting
Year</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">From:</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;&#xA0; <font style="font-family: Times New Roman; font-size: 13px">1/1/2017</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 3px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
To:</font></div>
</td>
<td colspan="7" style="vertical-align: top; width: 62%; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
&#xA0;&#xA0; <font style="font-family: Times New Roman; font-size: 13px">12/31/2017</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
Name</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; width: 46%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">&#xA0;
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Eldorado Gold
Corporation</font></font></div>
</td>
<td colspan="5" style="vertical-align: top; border-right: 1.35pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-size: 13px;">Currency of the
Report</font>&#xA0; <font style="font-size: 13px;">USD</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 27px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Reporting Entity
ESTMA Identification Number</font></font></div>
</td>
<td colspan="10" style="vertical-align: top; width: 89%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">&#xA0;
<font style="font-size: 12px"><font style="font-family: Times New Roman;">E919377</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 2px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Subsidiary
Reporting Entities (if necessary)</font></font></div>
</td>
<td colspan="10" style="vertical-align: top; width: 89%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
</tr><tr style="background-color: #c5d9f1">
<td colspan="11" style="vertical-align: top; width: 100%; border-left: 1.1pt solid #000000; border-right: 1.35pt solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Payments by
Project</font> <font style="font-family: Times New Roman;"><br>
</font></font></div>
</td>
</tr><tr style="background-color: #4f82bd">
<td style="vertical-align: middle; width: 11%; border-left: 1.1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Country</font></font></div>
</td>
<td style="vertical-align: middle; width: 9%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-weight: bold; color: rgb(255, 255, 255); font-family: Times New Roman;">
Project Name</font></font></div>
</td>
<td style="vertical-align: middle; width: 9%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Taxes</font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Royalties</font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Fees</font></div>
</td>
<td style="vertical-align: middle; width: 11%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Production Entitlements</font></div>
</td>
<td style="vertical-align: middle; width: 10%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Bonuses</font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Dividends</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">Infrastructure
Improvement Payments</font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.75pt solid rgb(255, 255, 255); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">Total
Amount paid by Project</font></div>
</td>
<td style="vertical-align: middle; width: 8%; border-left: 0.75pt solid rgb(255, 255, 255); border-right: 1.35pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-weight: bold; color: #FFFFFF; font-family: Times New Roman; font-size: 13px">Notes</font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Romania</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Certej</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">230,000</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
230,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Turkey</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Kisladag</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">950,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">4,610,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">17,240,000</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">22,800,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Turkey</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Ankara Corporate
Office</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">9,800,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">260,000</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">10,060,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Turkey</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Efemcukuru</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">350,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">2,960,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">2,600,000</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">5,910,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Greece</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Kassandra</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">180,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">150,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
330,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Brazil</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Rotulos de
Linha</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">220,000</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
220,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #b8cce4">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Canada</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-family: Times New Roman;">Lamaque</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">130,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: right; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
130,000</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #dce6f1">
<td style="vertical-align: top; width: 11%; border-left: 1.1pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: top; width: 9%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 11%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%; border-left: 0.75pt solid #FFFFFF; border-right: 1.35pt solid #000000; border-bottom: 2px solid #ffffff">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-size: 12px"><font style="font-family: Times New Roman; font-size: 10">&#xA0;<br></font></font></div>
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<font style="font-size: 12px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 12px"><font style="font-weight: bold; font-family: Times New Roman;">Additional
Notes:</font></font></div>
</td>
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</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">Reporting
Principles</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 12px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">1.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Basis
of Accounting</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 11px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Schedule of Payments by Payee and the Schedule of Payments by
Project (collectively, the &#x201C;Schedules") prepared by Eldorado
Gold Corporation (the &#x201C;Company&#x201D;) for the year ended
December 31, 2017 has been prepared in accordance with the
financial reporting provisions in Section 9 of the Extractive
Sector Transparency Measures Act, Section 2.3 of the Extractive
Sector Transparency Measures Act &#x2013; Technical Reporting
Specifications and Section 3 of the Extractor Sector Transparency
Measures Act &#x2013; Guidance Version 2 (collectively the
&#x201C;financial reporting framework&#x201D;).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 9px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Schedules are prepared to provide information to the Board of
Directors of Eldorado Gold Corporation and the Minister of Natural
Resources Canada to assist in meeting the requirements of the
Extractive Sector Transparency Measures Act. As a result, the
Schedules may not be suitable for another purpose.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="margin-left: 12px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">2.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Basis
of Presentation</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 11px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Schedules have been prepared using the cash basis of accounting, as
required by the financial reporting framework, and therefore
exclude any accruals related to payments due to
governments.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 11px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Schedules include all cash payments made, without inclusion of cash
inflows from a government. Where the Company makes a payment to a
government that is net of credits from that government, the net
payment amount has been presented.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="margin-left: 12px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">3.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Reporting
Currency</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 11px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">All
payments are reported in U.S. dollars which is the reporting
currency of the Company. When the Company has made payments in
currencies other than its reporting currency, it translates the
payments using the exchange rate on the date of the individual
payment.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="margin-left: 12px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">4.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Rounding</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">All
figures have been rounded to the nearest $10,000 U.S.
dollars.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="margin-left: 12px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">5.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Control</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 9px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">As
required by the financial reporting framework, the Company has
reported payments made by entities controlled by the Company. The
Company has determined whether it controls an entity in accordance
with International Financial Reporting Standards.</font></div>
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<div><font style="font-size: 11px"><font style="font-weight: bold; font-family: Times New Roman;">KPMG
LLP</font>
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<font><font style="font-family: Times New Roman;"><font style="font-weight: bold">Chartered Professional
Accountants</font></font></font></div>
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<font><font style="font-family: Times New Roman;">PO Box 10426 777
Dunsmuir Street</font></font></div>
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<font><font style="font-family: Times New Roman;">Vancouver BC V7Y
1K3</font></font></div>
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<font><font style="font-family: Times New Roman;">Canada</font></font></div>
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<font style="font-size: 11px"><font style="font-family: Times New Roman;">Telephone&#xA0;&#xA0;&#xA0;&#xA0;
(604) 691-3000</font></font></div>
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691-3031</font></font></div>
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<font style="font-size: 11px"><font style="font-family: Times New Roman;">Internet&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
www.kpmg.ca</font></font></div>
&#xA0;</font> <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">

<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">INDEPENDENT
AUDITORS&#x2019; REPORT</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">To
Eldorado Gold Corporation and the Minister of Natural Resources
Canada</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">We have
audited the accompanying Schedule of Payments by Payee totaling
$39,680,000 and the Schedule of Payments by Project totaling
$39,680,000 of Eldorado Gold Corporation (the
&#x201C;Company&#x201D;) for the year ended December 31, 2017 and
notes comprising a summary of significant accounting policies and
other explanatory information (together &#x201C;the
Schedules&#x201D;). The schedules have been prepared by management
in accordance with the financial reporting provisions in Section 2,
3, 4 and 9 of the Extractive Sector Transparency Measures Act
(&#x201C;ESTMA"), Section 2.3 of the ESTMA - Technical Reporting
Specifications and Section 3 of the Extractive Sector Transparency
Measures Act &#x2013; Guidance Version 2 (collectively, the
&#x201C;financial reporting guidance&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Management&#x2019;s Responsibility for the Schedules</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Management is
responsible for the preparation of the schedules in accordance with
the financial reporting framework referred to above, and for such
internal control as management determines is necessary to enable
the preparation of the schedules that is free from material
misstatement, whether due to fraud or error.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Auditors&#x2019; Responsibility</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Our
responsibility is to express an opinion on these schedules based on
our audit. We conducted our audit in accordance with Canadian
generally accepted auditing standards. Those standards require that
we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether the annual report is
free from material misstatement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">An
audit involves performing procedures to obtain audit evidence about
the amounts and disclosures in the schedules. The procedures
selected depend on our judgment, including the assessment of the
risks of material misstatement in the schedules, whether due to
fraud or error. In making those risk assessments, we consider
internal control relevant to the Company&#x2019;s preparation of the
schedules in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company&#x2019;s internal
control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall
presentation of the schedules.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 6px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">We
believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Opinion</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In our
opinion, the Schedule of Payments by Payee amounting to $39,680,000
and the Schedule of Payments by Project amounting to $39,680,000 of
the Company for the year ended December 31, 2017 are prepared, in
all material respects, in accordance with the financial reporting
framework referred to above.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0 auto;width: 100%;; font-family: inherit; font-size: inherit">
<tr>
<td style="width: 34%">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 8px;">KPMG LLP is a Canadian limited
liability partnership and a member firm of the KPMG network of
independent</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 8px;">member firms affiliated with KPMG
International Cooperative (&#x201C;KPMG International&#x201D;), a
Swiss entity.</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 8px;">KPMG Canada provides services to KPMG
LLP.</font>&#xA0;&#xA0; <font><br></font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<br>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><img src="ego_image3.jpg"></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"></div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Basis of Accounting</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 4px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Without
modifying our opinion, we draw attention to Note 1 of the
Schedules, which describes the basis of accounting. The Schedules
are prepared to provide information to the Directors of Eldorado
Gold Corporation and the Minister of Natural Resources of Canada to
assist the Company in meeting the requirements of the ESTMA. As a
result, the Schedules may not be suitable for another
purpose.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Restriction on Use</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 4px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Our
report is intended solely for management and the Board of Directors
of the Company and the Minister of Natural Resources Canada, and
should not be used by parties other than management and the Board
of Directors of the Company and Minister of Natural Resources
Canada.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px;"><img src="ego_image4.jpg"></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px"></div>
<div style="text-align: left; margin-left: 12px; margin-right: 313px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Chartered
Professional Accountants</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 313px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 313px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">May 29,
2018</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Vancouver,
Canada</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
