Monday, March 8, 2010

Eastern Dragon Project for EGO Reserve Update

Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation is pleased to announce an update to the mineral resources and mineral reserves for the Eastern Dragon Project in Heilongjiang Province, PRC. Eastern Dragon is a high grade epithermal vein system that will be mined by a combination of open pit and underground methods. They consider the exploration potential to the area excellent and have budgeted $2.4 million in exploration expenditures for 2010.

"The increases in the Eastern Dragon resources are encouraging and clearly validate our enthusiasm for this project. We have an aggressive drilling program planned for Eastern Dragon area in 2010 which will not only continue exploring the main ore zone but will for the first time systematically test the numerous parallel vein structures in the surrounding area."

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