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ELD.TO ·

Eldorado Gold Announces Filing of Final Base Shelf Prospectus

Financings

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NEWS RELEASE

TSX: ELD NYSE: EGO August 26, 2019

Eldorado Gold Announces Filing of Final Base Shelf Prospectus

VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a

final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of

Canada. The Company has also filed a corresp onding shelf registration statement on Form F -10 with the

United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as

amended, and the Multijurisdictional Disclosure System established between Canada and the United States.

The prospectus will allow Eldorado to offer up to US$750 million of common shares, debt securities,

convertible securities, warrants, rights, subscription receipts, units or any combination thereof, from time

to time over the 25 -month period . The specific terms of any future offering will be established in a

prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian

securities regulatory authorities and the SEC.

The shelf registration statement filed today with the SEC has not yet become effective. Until the registration

statement becomes effective, no securities may be sold nor may offers to buy be accepted in the United

States. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall

there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be

unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

A copy of the prospectus can be found on SEDAR at www.sedar.com, and a copy of the shelf registration

statement can be found on EDGAR at www.sec.gov, each under the Company’s profile.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in

Turkey, Canada, Greece, Romania, Serbia, and Brazil. 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).

Contacts

Investor Relations

Peter Lekich, Manager Investor Relations

604.687.4018 or 1.888.353.8166 [email protected]

Media

Louise Burgess, Director Communications & Government Relations

604.687.4018 or 1.888.353.8166 [email protected]

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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 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 "plans", "expects", "is expected", "bud get", “continue”,

“projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or varia tions of such words and

phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with r espect to the

filing of the Prospectus and shelf registration statement , filing of any future prospectus supplements, completing any future offerings or sales of

securities, and drawing on capital. Forward -looking statements and forward -looking information by their nature are based on assumptions and

involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the

Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements

or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions about the geopolitical, economic,

permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate marke t; exchange rates;

anticipated costs and expenses; production, mine ral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions,

suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a

continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our manageme nt

believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance

that the forward -looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our

control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual

results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include,

among others, additional funding requirements; cur rency fluctuations; dilution; share price volatility; as well as those risk factors discussed in the

sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's Prospectus, 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 filed on SEDAR under

our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect

the Company’s business and operations.

Forward-looking statements and information is designed to help you 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, you should not place undue re liance 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.