Eldorado Gold Announces Public Offering of Common Shares

Vancouver, BC .- Eldorado Gold Corporation (“Eldorado” or the “Company”) announced today its intention to raise approximately CDN$275 million through a public offering (the “Offering”) of common shares. In connection with the Offering, the Company has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada and a registration statement with the United States Securities and Exchange Commission. The Offering will be underwritten by Macquarie Capital Markets Canada Ltd.

The number of common shares to be distributed and the price of each common share will be determined in the context of the market with final terms to be determined at the time of pricing. The Company will grant the underwriter an over-allotment option to purchase additional common shares in an amount up to 15% of the Offering, exercisable at any time up to 30 days from (and including) the closing of the Offering.

The Company intends to use the net proceeds from the Offering for acquisitions, development of acquired mineral properties, working capital requirements and/or for other general corporate purposes.