Eldorado Gold Provides an Update on Greek Arbitration
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NEWS RELEASE
TSX: ELD NYSE: EGO December 19, 2017
Eldorado Gold Provides an Update on Greek Arbitration
Vancouver, BC - Eldorado Gold Corporation ("Eldorado" or the "Company") confirms that at the request of
the arbitral panel, the 90-day arbitration period has been extended by 60 days to now end on April 6, 2018.
This domestic arbitration is with respect to the action initiated by Greece's Ministry of Finance and Ministry
of Environment and Energy (the "Ministries") against the Company ’s subsidiary Hellas Gold S.A. ( see the
Company’s press release dated September 15, 2017). The extension was at the request of the arbitral panel
and by agreement of Hellas Gold S.A. and the Ministries.
The Company remains confident that the current arbitration will demonstrate its adherence to all applicable
laws and regulations. The Company believes that with open dialogue both parties will come to a mutually
agreeable solution to enable full and efficient development of the Company’s Kassandra assets in the
Halkidiki region, Greece.
About Eldorado Gold
Eldorado is a leading intermediate gold producer with mining, development and exploration operations in
Turkey, Greece, Canada, Romania, Serbia 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 securit ies 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 thereof 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 o ther 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 pr ove incorrect, actual
results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include,
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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 estimated 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 fu nding requirements; currency fluctuations; litigation and arbitration risks;
community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility; competition; los s of
key employees; and defective ti tle to mineral claims or property, as well as those factors discussed in the sections entitled "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 name, 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 i n 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 & Corporate Communications
604.687.4018 or 1.888.363.8166 [email protected]