Eldorado Gold Announces Election of Directors and Results from the 2025 Annual and Special Meeting of Shareholders
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NEWS RELEASE
TSX: ELD NYSE: EGO June 4, 2025
Eldorado Gold Announces Election of Directors and Results from the 2025
Annual and Special Meeting of Shareholders
VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce that all
director nominees, as listed in the Management Proxy Circular dated April 15, 2025, were elected as directors of
Eldorado at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held on June 3, 2025.
"On behalf of the Board, we would like to thank our shareholders for their continued support. With our transformative
Skouries copper-gold project less than a year away from first production, our optimization efforts at our existing
operations poised to unlock further value, and the continued strengthening of our balance sheet, we believe the
future is bright for all our stakeholders,” said Steven Reid, Chair of Eldorado Gold's Board of Directors.
“Further, we would like to thank Catharine Farrow for her contributions and wish her success in her future endeavors.
Since joining the Board in 2020, Ms. Farrow has been an invaluable member of the Board, providing her governance
and technical expertise to all of the Board’s activities. As part of our ongoing Board renewal efforts, we are pleased
to welcome Hussein Barma to the Board. Mr. Barma brings a wealth of business acumen and international
experience, including over 25 years of experience in senior positions in the mining sector that will enhance our
Board's skill set."
Election of Directors
Directors Votes For Votes Against Outcome
Hussein Barma 143,639,385 Shares
99.80%
285,884 Shares
0.20% Elected
Carissa Browning 142,929,228 Shares
99.31%
996,039 Shares
0.69% Elected
George Burns 143,689,977 Shares
99.84%
235,292 Shares
0.16% Elected
Teresa Conway 142,887,461 Shares
99.28%
1,037,808 Shares
0.72% Elected
Judith Mosely 143,622,193 Shares
99.79%
303,075 Shares
0.21% Elected
Steven Reid 143,084,929 Shares
99.42%
840,336 Shares
0.58% Elected
Stephen Walker 143,612,321 Shares
99.78%
312,947 Shares
0.22% Elected
John Webster 142,344,662 Shares
98.90%
1,580,607 Shares
1.10% Elected
At the Meeting, shareholders of the Company also approved:
• The appointment of independent auditors;
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• Authorizing the board of directors to set the auditor’s pay;
• Amending and restating the Performance Share Unit Plan;
• Amending and restating the Stock Option Plan; and
• The advisory resolution on executive compensation.
Voting results on each resolution can also be found in the Company’s final Report on Voting Results as filed on
SEDAR+ (www.sedarplus.com). Biographical information on each of the elected Directors can be found on the
Company’s website (www.eldoradogold.com).
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in
Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible
operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common
shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or forward-looking
information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Often, these forward-looking statements and forward- looking information can be identified by the use of words
such as “continues”, “focuses” or variations of such words and phrases or statements that certain actions, events or results “can”,
“could”, “likely”, “may”, “might”, “will” or “would” be taken, occur or be achieved.
Forward-looking statements or information contained in this press release include, but are not limited to, statements or information
with respect to: the advancement of construction at Skouries, our optimization efforts and their expected impact, our expectations
with respect to our balance sheet and the future for our stakeholders and generally our strategy, plans and goals. Forward-looking
statements or information are by their nature based on a number of assumptions that management considers reasonable.
However, such assumptions involve both known and unknown risks, uncertainties and other factors which, if proven to be
inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in
the forward-looking statements or information. These include assumptions concerning: timing, cost and results of our construction
and development activities, improvements and exploration; the future price of gold and other commodities; exchange rates;
anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves
and resources; our ability to unlock the potential of our brownfield property portfolio; our ability to address the negative impacts of
climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and
extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of
productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use,
and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the
sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that we operate in
(including recent disruptions to shipping operations in the Red Sea and any related shipping delays, shipping price increases , or
impacts on the global energy market).
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In addition, except where otherwise stated, Eldorado has assumed a continuation of existing business operations on substantially
the same basis as exists at the time of this press release. Even though we believe that the assumptions and expectations
represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or
information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Forward-looking statements or information is subject to known and unknown risks, uncertainties and other important factors that
may cause actual results, activities, performance or achievements to be materially different from those described in the forw ard-
looking statements or information. These risks, uncertainties and other factors include, among others: risks relating to our
operations in foreign jurisdictions (including recent disruptions to shipping operations in the Red Sea and any related shipping
delays, shipping price increases, or impacts on the global energy market); development risks at Skouries and other development
projects; community relations and social license; liquidity and financing risks; climate change; inflation risk; environmental matters;
production and processing; waste disposal; geotechnical and hydrogeological conditions or failures; the global economic
environment; risks relating to any pandemic, epidemic, endemic or similar public health threats; reliance on a limited number of
smelters and off-takers; labour (including in relation to employee/union relations, the Greek transformation, employee misconduct,
key personnel, skilled workforce, expatriates, and contractors); indebtedness (including current and future operating restric tions,
implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and change
in credit ratings); government regulation; the Sarbanes -Oxley Act; commodity price risk; mineral tenure; permits; risks relating to
environmental sustainability and governance practices and performance; financial reporting (including relating to the carrying value
of our assets and changes in reporting standards); non-governmental organizations; corruption, bribery and sanctions; information
and operational technology systems; litigation and contracts; estimation of mineral reserves and mineral resources; different
standards used to prepare and report mineral reserves and mineral resources; credit risk; price volatilit y, volume fluctuations and
dilution risk in respect of our shares; actions of activist shareholders; reliance on infrastructure, commodities and consumables
(including power and water); currency risk; interest rate risk; tax matters; dividends; reclamation and long-term obligations;
acquisitions, including integration risks, and dispositions; regulated substances; necessary equipment; co-ownership of our
properties; the unavailability of insurance; conflicts of interest; compliance with privacy legislation; reputational issues; competition,
and those risk factors discussed in our most recent Annual Information Form & Form 40- F. The reader is directed to carefully
review the detailed risk discussion in our most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR under
our Company name, for a fuller understanding of the risks and uncertainties that affect our business and operations.
The inclusion of forward-looking statements and information is designed to help the reader understand management’s current
views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that
forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward-looking statements
or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information
continually as conditions change and readers are referred to the full discussion of the Company’s business contained in the
Company’s reports filed with the securities regulatory authorities in Canada and the United States.