Mr. George Burns reports

ELDORADO GOLD ANNOUNCES DIVIDEND PROGRAM

Eldorado Gold Corp. has initiated a dividend program. The dividend program provides for the payment of a regular quarterly dividend per common share of the company. The initial quarterly dividend of 7.5 U.S. cents per common share has been declared and will be payable on March 13, 2026, to shareholders of record at the close of business on Feb. 27, 2026.

"This marks an important milestone in delivering value to our shareholders and reflects the company's strong financial position and confidence in executing our growth strategy," said George Burns, chief executive officer. "The introduction of a dividend underscores our confidence in Skouries as it transitions into production and begins generating significant cash flow. Together with our share repurchase program, this dividend demonstrates a disciplined capital framework that balances shareholder returns with reinvestment in high-quality growth opportunities."

During 2025, the company repurchased and cancelled approximately $204-million (U.S.) in common shares, further demonstrating a commitment to disciplined capital returns.

The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividends are declared in U.S. dollars. Registered shareholders who are residents of Canada (as reflected on Eldorado's shareholder register) will receive their dividends in Canadian dollars. Registered shareholders resident outside of Canada (as reflected on Eldorado's shareholder register) and beneficial shareholders holding shares through a broker or other intermediary will receive their dividends in U.S. dollars. However, beneficial shareholders may elect to change the currency of their dividend payment to Canadian dollars. Beneficial shareholders should contact their brokers or other intermediaries regarding the ability, steps and deadlines involved in electing to change the currency of their dividend payment from U.S. dollars to Canadian dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the Bank of Canada daily average exchange rate on the record date, being Feb. 27, 2026.

The declaration, amount and payment of future quarterly dividends remain subject to the discretion of the board of directors and will depend upon, among other things, the company's financial performance, capital requirements, business conditions, and compliance with applicable legal and debt covenant requirements. Accordingly, except for the initial dividend declared herein, no assurance can be given that dividends will be declared or paid in the future.

About Eldorado Gold Corp.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada and Greece. The company has a highly skilled and dedicated work force, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (symbol: ELD) and the New York Stock Exchange (symbol: EGO).

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