Eldorado Gold announces normal course buyback offer

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VANCOUVER, British Columbia, December 24, 2021 (GLOBE NEWSWIRE) – Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that the Toronto Stock Exchange (the “TSX”) has agreed to file Eldorado’s notice regarding a normal course issuer bid (the “OPCA”) to be traded through the facilities of the TSX and / or through alternative trading systems, including the Exchange of New York (“NYSE”).

Pursuant to the tender offer, Eldorado may purchase up to 1,421,373 of its common shares (the “Shares”), representing approximately 0.8% of the total of the 182,659,032 common shares of Eldorado issued. and outstanding as of December 17, 2021. Purchases will be made at market price beginning December 30, 2021 (except for purchases through the NYSE, which will begin January 29, 2022) and ending December 29, 2022. As per under TSX policies, daily purchases will not exceed 109,140 common shares, with exceptions for bulk purchases. The average daily trading volume for the six-month period preceding December 1, 2021 was 436,561 common shares. Purchases under the public tender offer will depend on future market conditions. Purchases will also be made on the NYSE in accordance with applicable US securities laws.

Eldorado has engaged National Bank Financial Inc. (the “Broker”) as broker under an automatic stock purchase plan to make purchases under the tender offer. During the term of the automatic share purchase plan, Eldorado will not communicate any undisclosed material information to the broker’s trading staff and, therefore, the broker may make purchases regardless of whether a blackout period is in effect. force or that there is undisclosed material information about Eldorado at the time of purchases.

Eldorado believes that purchasing the shares would be an efficient use of its funds and is an effective strategy to enable it to meet its future obligations under its employee restricted stock unit plan.

Eldorado has not repurchased any of its common shares in a normal course issuer bid during the past 12 months.

A copy of Eldorado’s notice filed with the TSX may be obtained free of charge by any shareholder by contacting the Secretary General of Eldorado.

About Eldorado Gold

Eldorado is a producer of gold and base metals with mining, development and exploration operations in Turkey, Canada, Greece and Romania. The Company has a highly skilled and dedicated workforce, 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 (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contact

Investor Relations

Lisa Wilkinson, Vice-President, Investor Relations
604.757 2237 or 1.888.353.8166
[email protected]

Media

Louise McMahon, Director of Communications and Public Affairs
604.757 5573 or 1.888.363.8166
[email protected]

Caution regarding forward-looking statements and information

Some of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expected”, “planned”, “budget”, “continue”, “planned”, “planned”. , “Believes”, “anticipates”, “intends”, “anticipates” or “believes” or the negative aspects thereof or variations of such words and phrases or statements as certain actions, events or results ” could “,” could “,” would be “,” could “or” will “be taken, occur or be achieved.

Forward-looking statements and forward-looking information, by their nature, are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may lead to the actual results, performance or achievements of the Company. Company significantly different from future results. , the performances or the achievements expressed or implied by these forward-looking statements or information.

We have made certain assumptions regarding forward-looking statements and information, including assumptions regarding: general market conditions, including prevailing market prices of our common shares and other available investment and business opportunities. In particular, unless otherwise stated, we have assumed the continuation of existing business operations on the same basis as at the time of this publication.

Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be correct. Many assumptions can be difficult to predict and are beyond our control.

In addition, if one or more of the risks, uncertainties or other factors materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, but are not limited to: our assumptions about general market conditions, including the prevailing market prices of our common shares, and other available investment and business opportunities, as well as the risk factors discussed in the sections titled “Futures -Looking Statements” and “Risk Factors in our business” in the Company’s most recent Annual Information Form and Form 40-F. The reader is invited to carefully consider the detailed discussion of risks in our most recent Annual Information Form filed on SEDAR and EDGAR under our company name, which discussion is incorporated by reference in this press release, for a better understanding of the risks and uncertainties. that affect the activities and operations of the company.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views on our near and long term prospects, and may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, you should not place undue reliance on any forward-looking statements or information contained in this document. Unless required by law, we do not plan to update forward-looking statements and information on an ongoing basis as conditions change.


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