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Eldorado Gold Announces Election of Directors

Friday, May 24, 2013 4:05 PM


Eldorado Gold Announces Election of Directors

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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/24/13 -- Eldorado Gold Corporation ("Eldorado" "the Company" or "We") (TSX:ELD)(NYSE:EGO), in accordance with Toronto Stock Exchange requirements, announced the voting results for the election of its Board of Directors at the Company's Annual Meeting of Shareholders held on May 2, 2013 in Vancouver, British Columbia. The director nominees as listed in the Management Proxy Circular dated March 22, 2013 were elected as directors of Eldorado at the meeting as follows:

Directors                            Votes For    Votes Withheld
---------                            ---------    --------------
                                                                
K. Ross Cory                       456,379,819         5,011,716
                                      (98.91%)           (1.09%)
Robert R. Gilmore                  444,567,642        16,823,865
                                      (96.35%)           (3.65%)
Geoffrey A. Handley                444,820,283        16,571,224
                                      (96.40%)           (3.60%)
Wayne D. Lenton                    385,330,911        76,060,536
                                      (83.51%)          (16.49%)
Michael A. Price                   447,578,429        13,813,078
                                      (97.00%)           (3.00%)
Steven P. Reid                     460,348,142         1,043,365
                                      (99.77%)           (0.23%)
Jonathan A. Rubenstein             443,336,865        18,054,642
                                      (96.09%)           (3.91%)
Donald M. Shumka                   397,134,967        64,256,540
                                      (86.07%)          (13.93%)
Paul N. Wright                     460,461,567           937,440
                                      (99.80%)           (0.20%)

The results of the other matters considered at the meeting are reported in the Report on Voting Results as filed on SEDAR on May 3, 2013.

Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, Turkey and Romania and surrounding regions. We are one of the lowest cost pure gold producers. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.

ON BEHALF OF THE BOARD OF DIRECTORS OF ELDORADO GOLD CORPORATION

Paul Wright, Chief Executive Officer

Certain of the statements made herein may contain 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 always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "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 herein include, but are not limited, to the Company's election of directors.

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 and 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. 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: gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form & Form 40-F dated March 28, 2013.

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.

Eldorado Gold Corporation's common shares trade on the Toronto Stock Exchange (TSX:ELD); New York Stock Exchange (NYSE:EGO).

Request for information packages: laurelw@eldoradogold.com

Contacts:
Eldorado Gold Corporation
Nancy E. Woo
Vice President Investor Relations
604.601-6650 or 1.888.353.8166
604.687.4026 (FAX)
nancyw@eldoradogold.com
www.eldoradogold.com

(Source: Market Wire )
(Source: Quotemedia)

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