Ms. Lynette Gould of Eldorado Gold reports

ELDORADO GOLD REMINDS SHAREHOLDERS TO VOTE FOR THE SHARE ISSUANCE RESOLUTION AND FORAN MINING REMINDS SECURITYHOLDERS TO VOTE FOR THE ARRANGEMENT RESOLUTION

Eldorado Gold Corp. reminds its shareholders to vote for the ordinary resolution approving the issuance of common shares of Eldorado in connection with the previously announced proposed plan of arrangement with Foran Mining Corp. and Foran reminds its securityholders to vote for the resolution approving the arrangement.

Eldorado's special meeting of shareholders to consider and vote on the share issuance resolution will be held in person on April 7, 2026, at 10 a.m. Vancouver time at the offices of Blake Cassels & Graydon LLP, Suite 3500, 1133 Melville St., The Stack, Vancouver, B.C.

Foran's special meeting of securityholders to consider and vote on the arrangement is scheduled for Tuesday, April 7, 2026, at 1 p.m. Toronto time at the offices of McCarthy Tetrault LLP, located at Suite 5300, 66 Wellington St. W, Toronto, Ont.

The boards of directors of each of Eldorado and Foran have unanimously approved the proposed arrangement and unanimously recommend that Eldorado shareholders vote for the share issuance resolution and Foran securityholders vote for the arrangement resolution, respectively.

The proposed arrangement will bring together Eldorado's established operating platform and financial strength with Foran's highly attractive copper growth profile. Under the terms of the arrangement, Foran shareholders will receive 0.1128 of an Eldorado common share plus one cent in cash for each Foran common share held. Upon completion of the arrangement, Foran will become a wholly owned subsidiary of Eldorado.

Why vote for

The boards of directors of Eldorado and Foran believe the proposed arrangement is in the best interests of their respective companies and stakeholders. In recommending that Eldorado shareholders vote for the share issuance resolution and Foran securityholders vote for the arrangement resolution, the respective boards considered and relied upon the following strategic rationale for the proposed arrangement:

• Peer-leading near-term growth: positioned to deliver a leading growth profile, underpinned by two fully financed development projects, Skouries and McIlvenna Bay, advancing toward commercial production in Q3 2026 and mid-2026, respectively;
• Substantial EBITDA (earnings before interest, taxes, depreciation and amortization) and free cash flow: expected to generate approximately $2.1-billion of EBITDA and $1.5-billion in free cash flow in 2027; this robust long-term cash flow will finance growth initiatives, strengthen the balance sheet, and support continued shareholder returns through dividend and share buyback programs while maintaining financial flexibility through commodity cycles;
• Long-life, diversified asset base: combined portfolio delivers balanced gold-copper exposure (approximately 77 per cent gold, approximately 4 per cent silver, approximately 15 per cent copper and approximately 4 per cent other metals) across attractive mining jurisdictions in Canada, Greece and Turkey, providing jurisdictional and commodity diversification;
• Significant exploration upside: Eldorado will continue to accelerate high-value organic growth opportunities; this includes advancing Foran's high-grade polymetallic Tesla zone as well as maximizing the exploration potential surrounding Eldorado's existing operating and development assets;
• Compelling rerate opportunity: with increased scale and trading liquidity, near-term growth and enhanced Canadian exposure, the combination will support a valuation rerate opportunity;
• Sustainability-focused operations: strong alignment across sustainability principles, carbon efficient practices and a shared commitment to responsible mining will enable the combined company to focus on transparent sustainability performance and continued advancement in GHG (greenhouse gas) emissions mitigation.

Questions and voting assistance

Eldorado and Foran encourage all Eldorado shareholders and Foran securityholders, respectively, to vote in advance of the Eldorado meeting and Foran meeting, as applicable. Every vote is important, regardless of the number of securities held. The proxy voting deadline is 10 a.m. Vancouver time on Thursday, April 2, 2026.

Shareholders with questions or who require assistance in voting are encouraged to contact Eldorado's and Foran's proxy solicitation agent and shareholder communications adviser, Laurel Hill Advisory Group.

North American toll-free:  1-877-452-7184

Outside North America (collect):  1-416-304-0211

E-mail:   assistance@laurelhill.com

Shareholders may also text INFO to 1-877-452-7184 or 1-416-304-0211 for assistance.

About Eldorado Gold Corp.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Turkey. Eldorado 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 and the New York Stock Exchange.

About Foran Mining Corp.

Foran is a near-term critical minerals producer, committed to supporting a greener future and empowering communities while creating value for its stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and exploration activities of Foran, and hosts the McIlvenna Bay deposit and the Tesla zone.

The McIlvenna Bay deposit is a copper-zinc-gold-silver-rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay property sits just 65 kilometres west of Flin Flon, Man., and is part of the world-class Flin Flon greenstone belt, which extends from Snow Lake, Man., through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 kilometres.

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