TSX: ELD NYSE:
EGO
VANCOUVER, Dec. 19, 2017 /CNW/ - Eldorado Gold Corporation
("Eldorado" or the "Company") confirms that at the request of the arbitral panel, the 90-day arbitration period has been extended
by 60 days to now end on April 6, 2018. This domestic arbitration is with respect to the action
initiated by Greece's Ministry of Finance and Ministry of Environment and Energy (the
"Ministries") against the Company's subsidiary Hellas Gold S.A. (see the Company's press
release dated September 15, 2017 ). The extension was at the request of the arbitral panel and
by agreement of Hellas Gold S.A. and the Ministries.
The Company remains confident that the current arbitration will demonstrate its adherence to all applicable laws and
regulations. The Company believes that with open dialogue both parties will come to a mutually agreeable solution to enable
full and efficient development of the Company's Kassandra assets in the Halkidiki region, Greece.
About Eldorado Gold
Eldorado is a leading intermediate gold producer with mining, development and exploration
operations in Turkey, Greece, Canada, Romania, Serbia and Brazil. The Company's success to date is
based on a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and
long-term partnerships with the communities where it operates. Eldorado's common shares
trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Forward Looking Statement
Certain 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, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "continue"", "projected", "scheduled", "estimates", "forecasts", "projected",
"intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that
certain actions, events or results "to be", "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such
forward-looking statements or information include, but are not limited to, statements or information with respect to this news
release.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements expressed or implied by such forward-looking
statements or information.
We have made certain assumptions about the forward-looking statements and information, including assumptions about the
geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; exchange
rates; anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of
acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals.
Even though 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
accurate. Many assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others, the following: geopolitical and economic climate
(global and local), risks related to mineral tenure and permits; gold and other metal price volatility; mining operational and
development risk; foreign country operational risks; risks of sovereign investment; regulatory environment and restrictions,
including environmental regulatory restrictions and liability; discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries; risks related to impact of the sale of our Chinese assets on the Company's
operations; risks related to the acquisition of Integra Gold Corporation; additional funding requirements; currency
fluctuations; litigation and arbitration risks; community and non-governmental organization actions; speculative nature of gold
exploration; dilution; share price volatility; competition; loss of key employees; and defective title to mineral claims or
property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk factors in our
business" in the Company's most recent Annual Information Form and Form 40-F. The reader is directed to carefully review
the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, for a fuller
understanding of the risks and uncertainties that affect the Company's business and operations.
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. Accordingly, you should not place undue
reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to
update forward-looking statements and information continually as conditions change and you are referred to the full discussion of
the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
SOURCE Eldorado Gold Corporation
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