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ELDORADO GOLD CORPORATION

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Type: Public
Classification: Monitor
550 BURRARD STREET, SUITE 1188
VANCOUVER
British Columbia
Canada, V6C 2B5
Phone: +1 (604) 687-4018
Fax: +1 (604) 687-4026
Toll Free: 1-888-353-8166


IT'S ALL ABOUT VALUE. ABOUT CREATING A COMPANY STRONG ENOUGH TO PROSPER. AND WISE ENOUGH TO GROW RESPONSIBLY.

Eldorado Gold Corporation is a gold mining company actively growing business in Brazil, China, Turkey, Greeze and surrounding regions.

We are one of the lowest cost pure gold producers. Our gold is to produce 700,000 ounces of gold per year by 2013. Eldorado is well positioned to grow in value as we create and pursue new opportunities in gold and other resources.

Our shares trade on the Toronto Stock Exchange under the symbol ELD and on the American Stock Exchange under the symbol EGO. ELD is listed on the S&P/TSX Gold Index and EGO is part of the AMEX Gold BUGS Index.

Our producing mines are in Turkey and China.

Kisladag Mine, in Turkey, is an open pit heap leach gold mine with a 15 year mine life and proven and probable reserves of 5.5 million ounces. Kisladag produced 135,306 oz of gold at a cash operating cost of $189/oz in 2007. Forecasted production for 2008 is 190,000 oz at a cash operating cost of $250/oz.

Tanjianshan Mine, in China, is a 9 year open pit mine, which began commercial production in February 2007. Tanjianshan total production was 138,162 oz of gold at a cash operating cost of $288/oz in 2007. Forecasted production for 2008 is 110,000 oz of gold at a cash operating cost of $275/oz. Eldorado Gold is the first North American gold producer in China.

Eldorado has 7.7 million ounces of proven and probable gold reserves from a 10.4 million ounces of measured and indicated resources and 3.7 million ounces of inferred resources. We are unhedged and are well positioned to experience continued growth and value.


For more information visit...
www.eldoradogold.com

Company News

Thursday, June 04, 2009
Sino Gold Mining Limited (ASX: SGX, SEHK:1862) and Gold Fields Limited have agreed to alter their existing Alliance Agreement (“Alliance”) following Gold Fields’ decision to sell its 19.8% shareholding in Sino Gold to Eldorado Gold Corporation. Since November 2006, Sino Gold and Gold Fields have cooperated under the Alliance in an exploration program aimed at discovering large-scale gold deposits in China. The parties have agreed not to extend their existing Alliance Agreement, meanwhile the parties will continue to joint venture with each other in connection with designated projects that had been identified under the Alliance. These projects will be pursued in 50/50 joint ventures. The parties will be free to pursue other opportunities in China independently from each other.

News on the Web

Sowetan - 4 Jun 2009

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