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Monday, October 17, 2011

Eldorado Gold Dividend Policy increases tie to Market Gold Price

Eldorado Gold, a junior gold miner, increases it's dividend tie to gold market prices.  The revised dividend policy increases the payout as gold's price increases.

VANCOUVER, BC -- Eldorado Gold Corporation ("Eldorado", "the Company" or "We") is pleased to announce an enhancement to the formula underlying its existing dividend policy. The formula used to create the semi-annual dividend fund will continue to be linked to the gold price and the number of ounces sold, and it will also provide additional step-ups as the average realized gold price increases. The dividend amount will be determined as fixed dollar amount per ounce of gold sold, as follows:

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