Eldorado Gold Enters Constructive Dialogue with Greek Government
NEWS RELEASE
TSX: ELD NYSE: EGO September 21, 2017
Eldorado Gold Enters Constructive Dialogue with Greek Government
Vancouver, BC, Canada – Eldorado Gold Corporation (“Eldorado” , “the Company” or “we” ) today
announced that it has entered into constructive dialogue with Greece’s Ministry of Energy and
Environment (“MoE”) in respect to the development of the Company’s subsidiary, Hellas Gold S.A.’s,
Kassandra Mine assets in Halkidiki, Northern Greece. The Kassa ndra assets, which include the Skouries
and Olympias projects and the Stratoni mine, were permitted under one single Environment Impact Study
(“EIS”) approved in 2011 by the Greek State.
George Burns, President and Chief Executive Officer of Eldorado, commented: “We are very pleased with
the constructive dialogue that is underway with the M inistry of Energy and Environment. Furthermore,
last week the M inistry issued a number of long overdue routine permits for our Olympias project. As a
result of these developments we have decided to tempo rarily postpone our decision to place our assets
in Halkidiki on care and maintenance.”
Mr. Burns concluded: “We preserve the right to place our assets on care and maintenance and to take
prompt legal action to protect the Company and its assets in Greece should our dialogue with the Ministry
of Energy and Environment prove unsuccessful. At the same time, we remain confident that the
arbitration process initiated last week by the Greek government will be concluded in a timely and efficient
manner, for the benefit of all stakeholders.”
About Eldorado Gold
Eldorado is a leading mid -tier gold producer with mining, development and exploration operations in
Turkey, Greece, Romania, Serbia, Canada and Brazil. The Company’s success to date is based on a highly
skilled and dedicated workforce, safe and responsible operations, a portfolio of high -quality assets, and
long-term partnerships with the communities where it operates. Eldorado’s common shares trade on the
Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Forward Looking Statement
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, but not always, forward-
looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget",
"continue"", "projected", "scheduled", "estimates", "forecasts", "projected", "intends", "anticipates", or "believes" or the negatives ther eof or
variations of such words and phrases or statements that certain actions, events or results “to be”, "may", "could", "would", "might" or "will" be
taken, occur or be achieved. Such forward-looking statements or information include, but are not limited to, statements or information with
respect to this news release.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks,
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; exchange rates; anticipated costs and
expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions, suspensions or delays
on our business and the ability to achieve our goals.
Even though 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 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, the following: geopolitical and economic climate (global and local), risks related to mineral tenure and permits; gold and
other metal price volatility; mining operational and development risk; foreign country operational risks; risks of sovereign investment; regulatory
environment and restrictions, including environmental regulatory restrictions and liability; discrepancies between actual and es timated
production, mineral reserves and resources and metallurgical recoveries; risks related to impact of the sale of our Chinese assets on the Company's
operations; risks related to the acquisition of Integra Gold Corporation; additional funding requirements; currency fluctuations; litigation risks;
community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility; competition; loss
of key employees; and defective title to mineral claims or property, as well as those factors discussed in the sections entit led "Forward-Looking
Statements" and "Risk factors in our business" in the Company's most recent Annual Information Form and 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 nam e, for a fuller
understanding of the risks and uncertainties that affect the Company's business and operations.
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 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 you 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 U.S.
Contacts
Investor Relations
Krista Muhr, Vice President Investor Relations and Corporate Communications
604.601.6701 or 1.888.363.8166 [email protected]
Media
Louise Burgess, Director Communications and Government Relations
604.616.2296 [email protected]