Eldorado Gold announces upcoming appointment of COO George Burns to the Board of Directors as next CEO

– CANADA, Vancouver – Eldorado Gold Corporation (TSX: ELD / NYSE: EGO), today announced that Mr. Paul Wright will retire from his position of President and Chief Executive Officer following the Company’s 2017 Annual General Meeting in April 2017.

Mr. George Burns, currently Executive Vice President and Chief Operating Officer of Goldcorp Inc., will succeed Mr. Wright as President and Chief Executive Officer and will also join Eldorado’s Board of Directors. Mr. Wright will continue as a member of Eldorado’s Board of Directors, moving to the Chairman position. Mr. Robert Gilmore, Eldorado’s current Chairman, will continue to serve on the board, moving to the position of Vice-Chairman and Independent Lead Director.

Paul Wright said, “I am grateful for the opportunity to have led Eldorado over seventeen years, a period of intense activity through which we succeeded in creating a truly leading international gold company. The quality of our global team and their relentless commitment to success have been integral to our growth and I am proud to have been part of this team. I am enthusiastic about George taking on the leadership role and look forward to working with him through both the transition period and subsequently in my role as Chairman.”

Robert Gilmore said, “On behalf of Eldorado’s Board of Directors, I would like to express our sincerest thanks to Paul Wright for his 20 years of tireless dedication and leadership in building an outstanding gold mining company. Paul has earned the trust and respect of our employees, shareholders, partners and industry leaders. We wish Paul all the best as he begins retirement and for his continued success as he assumes the role of Chairman of the Board.

We are excited to welcome George to his new roles, both on the Board and as President and Chief Executive Officer. The Board has selected a very capable and technically accomplished leader at a time when Eldorado is in a strong financial position, with an outstanding portfolio of producing mines and development projects. With George as Eldorado’s President and Chief Executive Officer and Paul moving into the role of Chairman, Eldorado has a strong and promising future.”

Paul Wright joined Eldorado in 1996 as Vice President, Mining, and led the Company in the position of President and Chief Executive Officer since his appointment to the role in October 1999. Mr. Wright has overseen the Company’s continued growth with Eldorado prospering under his 20 years of leadership.

George Burns was appointed Executive Vice President and Chief Operating Officer of Goldcorp Inc. in August 2012. Prior to that he held the positions of Senior Vice President, Mexican Operations and Vice President, Canada and United States respectively. Mr. Burns has over 30 years of experience in the mineral sector including executive, operations, development and engineering leadership roles in gold, copper and coal operations. Prior to joining Goldcorp, Mr. Burns was Vice President and Chief Operating Officer of Centerra Gold Inc. Mr. Burns served in various capacities for Asarco including Vice President of mining as well as numerous capacities for Cyprus Minerals Corporation and he began his career with Anaconda Company in 1978. Mr. Burns received a Bachelor of Science degree in Mining Engineering from the Montana College of Mineral Science and Technology in 1982.

About Eldorado Gold

Eldorado is an international low cost gold producer with mining, development and exploration operations in Turkey, Greece, Serbia, Romania and Brazil. The Company’s success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, 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).

For more information : http://www.eldoradogold.com

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