Eldorado Gold Provides Update on Greece
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NEWS RELEASE
TSX: ELD NYSE: EGO August 3, 2017
Eldorado Gold Provides Update on Greece
VANCOUVER - BC – Eldorado Gold (“Eldorado” or the “Company”) today provides an update on Greece.
Today, the Greek Ministry of Energy and Environment issued a press release stating their intention to have
arbitration underway by the end of the month. This release also stated that all permits outstanding for
Olympias are underway, while the permits for Skouries remain unissued.
George Burns commented, “While the press release did not result in any additional clarity regarding the
details of the intended arbitration by the Greek government, the Ministry stated that this is the best path
forward in resolv ing all outstanding issues with the Company’s projects. To be clear, we have not yet
received formal notice of arbitration and permits applied for remain unissued. We continue to evaluate all
capital spending and development timelines at our projects in Greece . At this time, commissioning at
Olympias and reduced development works at Skouries are continuing.”
About Eldorado Gold
Eldorado is a leading intermediate 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).
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 al ways, 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 the reof 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.
Such forward-looking statements or information include, but are not limited to, statements or information with respect to the Statement.
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 repre sented 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
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and restrictions, including environmental regulatory restrictions and liability; discrepancies between actual and estimated p roduction, mineral
reserves and resources and metallurgical recoveries; risks related to impact of the sale of our Chinese assets on the Company’s operations; the ability
to acquire the shares that it does not already own in 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; los s of
key employees; and defective title to mineral claims or property, as well as those factors discussed in the s ections entitled “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, 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 no t 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 fi led with the securities
regulatory authorities in Canada and the U.S.
Contacts
Investor Relations
Krista Muhr, Vice President Investor Relations & Corporate Communications
604.551.3250 or 1.888.363.8166 [email protected]
Media
Louise Burgess, Director Communications & Government Relations
604.601.6679 or 1.888.363.8166 [email protected]