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ELD.TO ·

Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus

Financings

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NEWS RELEASE

TSX: ELD NYSE: EGO August 6, 2019

Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus

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

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

provinces of Canada. The Company has also filed a c orresponding 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 after Canadian securities regulatory authorities have issued a receipt for

the final prospectus.

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. 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 f orward-looking

statements and forwa rd-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “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 b e achieved.

Forward-looking statements or information contained in this release include, but are not limited t o, statements or information with respect to the

filing of the Prospectus and shelf registration statement and drawing on capital. Forward -looking statements and forward -looking information by

their nature are based on assumptions and involve known and unk nown 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 achiev ements 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 co mmodities; the global concentrate market; exchange rates;

anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquis itions, dispositions,

suspensions or delays on our business and the abili ty 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 tho ugh our management

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 beyo nd our

control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions pr ove 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; currency 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 o n SEDAR under

our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertaintie s 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 cou ld differ

materially from those anticipated in such statements. Accordingly, you 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 statem ents and information continually as

conditions change.