Ms. Lynette Gould reports

ELDORADO GOLD ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange (TSX) has accepted for filing Eldorado Gold Corp.'s notice in respect of a normal course issuer bid (NCIB). Purchases will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems.

Pursuant to the NCIB, Eldorado may purchase up to 350,000 of its common shares, representing approximately 0.17 per cent of the total 204,909,496 common shares of Eldorado issued and outstanding as at Oct. 31, 2024. Purchases will be made at prevailing market prices commencing Nov. 8, 2024, and ending July 31, 2025. Pursuant to TSX policies, daily purchases will not exceed 83,123 common shares, other than block purchase exceptions. The average daily trading volume for the six-month period from May 1, 2024, to Oct. 31, 2024, was 332,492 common shares. Purchases under the NCIB by Eldorado will be the market price at the time of acquisition.

Eldorado has engaged National Bank Financial Inc. as its broker under an automatic share purchase plan to undertake purchases under the NCIB. During the term of the automatic share purchase plan, Eldorado will not communicate any material undisclosed information to the trading staff at the broker, and accordingly, the broker may make purchases regardless of whether a blackout period is in effect or whether there is material undisclosed information about Eldorado at the time purchases are made.

Eldorado believes that the purchase of the shares would be an effective use of its funds and is an effective strategy to enable it to satisfy its future obligations under its employee restricted share unit plan.

Under the company's previous normal course issuer bid that commenced on July 4, 2023, and terminated on July 3, 2024, under which the company sought and received approval from the TSX to purchase up to 500,000 common shares, 500,000 common shares were purchased on the open market through the facilities of TSX and/or alternative Canadian trading systems at a volume-weighted average purchase price of $14.7482 per common share.

A copy of Eldorado's notice filed with the TSX may be obtained, by any shareholder without charge, by contacting Eldorado's corporate secretary.

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.

We seek Safe Harbor.