Eldorado Gold Files Three Technical Reports for Lamaque, Kisladag and Skouries
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NEWS RELEASE
TSX: ELD NYSE: EGO March 29, 2018
Eldorado Gold Files Three Technical Reports for Lamaque, Kisladag and Skouries
VANCOUVER, BC – Eldorado Gold Corporation ("Eldorado" or the "Company") today filed three separate
technical reports for its Lamaque, Kisladag and Skouries projects (the “Technical Reports”). Further to the
Company’s news release dated March 21, 2018 (Eldorado Gold Reports Results of Technical Studies), these
Technical R eports have been prepared pursuant to Canadian Securities Administra tors' National
Instrument 43-101 - Standards of Disclosure for Mineral Projects , and may be found on the Company’s
website (www.eldoradogold.com) or under the Company's SEDAR profile (www.sedar.com).
Technical Report for the Lamaque Project, Quebec, Canada (the “Lamaque Technical Report”)
The Lamaque Technical Report with an effective date of March 21, 2018, was prepared by the following
Qualified Persons as defined by NI 43-101: Stephen Juras, P. Geo., Colm Keogh, P. Eng., Jacques Simoneau,
P. Geo., Francois Chabot, P. Eng., and Marianne Utiger, P.Eng.
Technical Report for the Kisladag Milling Project, Turkey (the “Kisladag Technical Report”)
The Kisladag Technical Report with an effective date of March 16, 2018, was prepared by the following
Qualified Persons as defined by NI 43 -101: Stephen Juras, P. Geo ., John Nilsson, P. Eng ., Paul Skayman,
FAusIMM, and David Sutherland, P.Eng.
Technical Report for the Skouries Project, Greece (the “Skouries Technical Report”)
The Skouries Technical Report with an effective date of January 1, 2018, was prepared by the following
Qualified Persons as defined by NI 43 -101: Stephen Juras, P. Geo ., Paul Skayman, FAusIMM, Rick
Alexander, P. Eng., Colm Keogh, P. Eng., and John Nilsson, P. Eng.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in
Turkey, Greece, Romania, Serbia, Canada 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).
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 forward-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 variations 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 respect to: our
guidance and outlook, including expected production, projected cash cost, planned capital and exploration expenditures for 2018; our expectation
as to our future financial and operating performance, includin g future cash flow, estimated cash costs, expected metallurgical recoveries, gold
price outlook; and our strategy, plans and goals, including our proposed exploration, development, construction, permitting a nd operating plans
and priorities, related timelines and schedules and results of litigation and arbitration proceedings.
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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 abou t 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 th e 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 permi ts; gold and other
commodity price volatility; recoveries of gold and other metals ; results of test work; revised guidance; risks regarding potential and pending
litigation and arbitration proceedings relating to the Company’s business, properties and operations; expected impact on reserves and the carrying
value; the updating of the reserve and resource models and life of mine plans; mining operational and development risk; foreign country operational
risks; risks of sovereign investment; regulatory risks and liabilities including, regulatory environment and restrictions, and environmental regulatory
restrictions and liability; discrepancies between actual and estimated production, mineral reserves and resources and metallu rgical testing and
recoveries; risks related to the impact of the sale of our Chinese assets and the acquisition and integration of Integra on the Company’s operations;;
additional funding requirements; currency fluctuations; 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 properties, as well as those
risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's 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 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.
Financial Information and condensed statements contained herein or attached hereto may not be suitable for readers that are unfamiliar with the
Company and is not a substitute for reading the Company’s financial statements and related MD&A available on our website and on SEDAR under
our Company name. The reader is directed to carefully review such document for a full understanding o f the financial information summarized
herein.
Except as otherwise noted, scientific and technical information contained in this press release was reviewed and approved by Paul Skayman,
FAusIMM, Chief Operating Officer for Eldorado Gold Corporation, and a "qualified person" under NI 43-101I.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. With respect to “indicated mineral resource” and
“inferred mineral resource”, there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of a “measured mineral resource”, “indicated mineral resource” or “inferred mineral resource”
will ever be upgraded to a higher category.
Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources
The terms "mineral resource", "measured mineral resource", "indicated mineral resource", "inferred mineral resource" used her ein are Canadian
mining terms used in accordance with NI 43 -101 under the guidelines set out in the Canadian Institute of Mining and Metallurgy and Petroleum
(the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time. These
definitions differ from the definitions in the United States Securities & Exchange Commission ("SEC") Industry Guide 7. In the United States, a
mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at th e time the mineral
reserve determination is made.
While the terms "mineral resource", "measured mineral resource," "indicated mineral resource", and "inferred mineral resource" are r ecognized
and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used
in reports and registration statements filed with the SEC. As such, information contained herein concerning descriptions of mineralization and
resources under Canadian standards may not be comparable to similar information made public by U.S. companies in SEC filings.
Accordingly, information herein containing descriptions of our mineral deposits may not be comparable to similar information made public by US
companies subject to the reporting and disclosure requirements under US federal securities laws and the rules and regulations thereunder.
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Contacts
Investor Relations
Peter Lekich
Manager, Investor Relations
604.687.4018 or 1.888.353.8166
Media
Louise Burgess
Director, Communications and Government Relations
604.687.4018 or 1.888.353.8166