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Efemçukuru Drilling Continues to Provide Excellent Results, including 35.3 meters (true width) at 41.54 g/t


VANCOUVER, BC - Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (’Eldorado“ the ”Company“ or ”we“) is pleased to announce an update on our infill drill program at the Efemçukuru Project (the ”Project") along the South and Middle Ore Shoots of the Kestane Beleni vein in Western Turkey. The infill program in support of the Feasibility Study, is now complete with over 24,000 meters drilled. Results continue to be excellent. Drilling on the project will now focus on peripheral targets, namely the North Ore Shoot of the Kestane Beleni vein and the Kokarpinar veins, a paralleling vein system to the main Kestani Beleni vein.

The Company and its consultants remain on schedule to complete the Efemçukuru Feasibility Study by mid- 2007.

The latest phase of drilling largely targeted the South Ore Shoot and Transition Zone areas. Results from thirty additional drill holes have been received. These results are shown in Table 1 and illustrated in a Longitudinal Section. Note that holes KV-178, KV-179, KV-187, KV-191, KV-192, KV-199, KV-214 and KV-223 did not contain any significant mineralization. Results are pending from an additional 39 holes. Calculated intervals generally used a 3 g/t gold cut off, which is more consistent with interim results of the ongoing mine planning work as part of the Feasibility Study.

The results have more clearly defined the Middle Ore Shoot mineralization with the extension of the thick and gold-rich vein hosted mineralization and the recognition of near continuous stockwork gold mineralization enveloping the veins. This stockwork mineralization is predominant in the upper portions of the Middle Ore Shoot, and occurs between the main vein (defining the footwall to the system) and an upper or hanging wall vein, and in hanging wall units to the uppermost vein.

Results from the South Ore Shoot holes extended the down plunge extent of the upper high grade lobe (KV-208) and confirmed the down plunge continuation of the lower lobe (KV-196). Most of the pending holes are from the South Ore Shoot, and those results should better define the mid- to high grade boundaries in this deposit. Also, results from a set of holes drilled along 400 m RL will further evaluate down plunge potential of this vein system.

Transition Zone results are mixed: a new zone of mineralization was confirmed in the middle parts of this zone (KV-215) but two deep tests did not return any significant mineralized intervals (though in the case of KV-199, the projected main vein position was most likely not intercepted due to hole deviation). Stockwork type mineralization has also been recognized here, but the initial phase of sampling did not fully test potential intervals (e.g. KV-178). All Transition Zone holes are being re-assessed for additional sampling in those intervals.

“These results, confirm the high grade portions of the Middle Ore Shoot and the recognition of near continuous stock work gold mineralization continues to demonstrate the robustness of the Efemçukuru Project” commented Paul Wright, President and CEO.

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


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