Name: Stratoni mine.

Location: The Stratoni mine is located in the Chalkidiki Peninsula, in northern Greece.

Controlling Company: Eldorado Gold 95%.

Brief History: Ownership of the Stratoni mine was transferred to TVX Gold Incorporated from Hellenic Fertilizer Company in 1996. In 2003, TVX shut the mine. The mine was transferred to the State and subsequently to Hellas Gold, a subsidiary of European Goldfields a year later. Operations at the mine were restarted by Hellas Gold in 2005. In 2011, environmental-impact assessments were received for the Kassandra mines, which included Olympias, Skouries and Stratoni. Eldorado acquired the mine a year later through the acquisition of European Goldfields.

Brief Description: Stratoni is an underground, silver/lead/zinc mine. It uses a multistage flotation process to extract a lead/ silver concentrate and a zinc concentrate. The mine has a life-of-mine of four years.

Geology/Mineralisation: Mavres Petres is a silver/lead/zinc carbonate replacement deposit that is hosted within marble of the Kerdilya formation. The deposit is localised along the south- dipping Stratoni fault, a major structural feature and important mineralising corridor in the centre of the Stratoni region. The fault separates the Kerdylia formation to the north, host to the carbonate replacement deposits, from the Vertiskos formation to the south, host to the Skouries porphyry gold/ copper deposit. Mineralisation extends for at least 8 km along the fault, with the historically mined Madem Lakkos deposit to the east of Mavres Petres, and Piavitsa, which is currently the focus of Eldorado Gold’s exploration activity, to the west.

Products: Silver, lead and zinc.

Reserves: Total proven and probable reserves as at December 31, 2014, were 787 000 t grading 177 g/t of silver, 6.9% lead and 10.2% zinc.

Resources: Total measured and indicated resources as at December 31, 2014, were 490 000 t grading 169 g/t of silver, 6.4% lead and 8.8% zinc.

Mining Method: Underground drift and fill.

Major Infrastructure and Equipment: The mine site comprises mine offices and a change house, railed access into the mine and two trackless decline portals, a tailings facility, a mill and flotation plant, a laboratory and a port facility.

Prospects: Two step-out drill holes at Mavres Petres have tested the open western and downdip extension of the deposit. The first drill hole cut a 26.3 m (apparent width) interval, grading 4.11 g/t of gold, 58.8 g/t of silver, 2.54% lead and 8.54% zinc. The second drill hole intersects a lead- and zinc-rich massive sulphide over a 37.5 m apparent width, of which the assays are pending.

Development of the 138 level footwall exploration drives is continuing, reaching the first drill station late in the quarter ended March 31, 2015.

Contact Person: VP investor relations Krista Muhr.

Contact Details:
Eldorado Gold,
tel +1 604 687 4018,
fax +1 604 687 4026,
email kristam@eldoradogold.com, and
website http://www.eldoradogold.com.