#1Investor Presentation January 2024 Kışladağ, Türkiye eldorado gold#2Forward Looking Statement Definitions Capitalized terms used in this presentation but not otherwise defined herein have the meanings ascribed thereto in the Management's Discussion and Analysis dated October 26, 2023 of Eldorado Gold Corporation for the nine months ended September 30, 2023 (the "MD&A"). Reporting Currency All amounts are presented in U.S. dollars ("$") unless otherwise stated. Unless otherwise specified, all tabular amounts are expressed in millions of U.S. dollars, except share, per share or per ounce amounts. Due to rounding, numbers presented throughout may not add precisely to the totals provided. Cautionary Note about Forward-looking Statements and Information Certain of the statements made and information provided in this presentation are forward-looking statements or forward-looking 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 "anticipates", "assumes", "believes", "budget", "committed", "continue", "estimates", "expects", "focus", "forecasts", "foresee", "forward", "future", "goal", "guidance", "initiatives", "intends", "opportunity", "outlook", "pending", "plans", "potential", "prospective", "schedule", "signal", "strategy", "target", "upcoming", "underway", "working" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "can", "could", "likely", "may", "might", "should", "will" or "would" be taken, occur or be achieved. Forward-looking information includes, but not limited to statements not limited to, statements or information with respect to: the annual production growth for the Company through 2027; expecting timing of commissioning and commercial production and forecast annual gold production at Skouries; future focus at Kisladag and Lamaque; re-rating potential; impact t of financial flexibility; a focus on increased throughput and recoveries at Kisladag, resource conversion at Efemcukuru and Ormaque; exploration expectations regarding prospective sites and extended mine life for the Lamaque project; timing of reserves in Quebec; the Company's 2023 annual production potential, impact of HEARING guidance and a five year production profile; the ability of the Perama Hill project to increase production in the future; life of mine estimates; the Company's ability to successfully advance the Skouries project and achieve the results provided for in the Skouries feasibility study; Skouries project estimates and economics (including expected average annual production, cash operating costs, all-in sustaining costs, free cash flow, NPV, EBITDA margin and project IRR) total funding requirements, including the sources thereof, expected project progress and milestones by year end; exploration upside, timeline for resource conversion and mine development in Quebec:;; opportunity to increase throughput at Kisladag; expectations to sustain low-cost production at the Efemcukuru project; on-going optimization and expansion of the Olympias mine, including expected benefits thereof; Q4 production expectations exploration potential for the Thrace region, upcoming catalysts and future developments for the Perama Hill project; exploration strategy, targets and budget; greenhouse gas emissions mitigation targets; 2023 production cost, capital and AISC outlook, future cash flow opportunities;;; non-IFRS financial measures and ratios; risk factors affecting our business; our expectation as to our future financial and operating performance, including future cash flow, estimated cash costs, expected metallurgical recoveries and gold price outlook; and our strategy, plans and goals, including our proposed exploration, development, construction, permitting, financing and operating potential, plans and priorities clines and schedules. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, market 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: production and cost expectations; the total capital costs required to complete Skouries; our ability to execute our plans relating to Skouries, including the timing thereof; our ability to obtain all required approvals and permits; cost estimates in respect of Skouries; no changes in input costs, exchange rates, development and gold; the geopolitical, economic, permitting and legal climate that we operate in, including at the Skouries project; our preliminary gold production and our guidance, the improvements at Kisladag and Olympias and the optimization of Greek operations; tax expenses in Türkiye; how the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the COVID-19 pandemic; timing, cost and results of our construction and exploration; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves and resources; and the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as it exists at the time of this presentation. 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 statements 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: operational performance rates including but not limited to development rates, production drilling activity and stope sequencing increases in the non-fixed portion of the financing costs or adverse changes to the Term Facility funding the Skouries project; failure or delays to receive necessary approvals otherwise satisfy the conditions to the continued drawdown of the Term Facility; the proceeds of the Term Facility not being available to the Company or Hellas; ability to pay semi-annual interest on senior unsecured notes; ability to execute on plans relating to Skouries, including the timing thereof, ability to achieve the social impacts and benefits contemplated; ability to meet production, expenditure and cost guidance; inability to achieve the expected benefits of the completion of the decline at Lamaque, performance improvements at Kisladag including but not limited to solution flow and irrigation areas and the optimization of Greek operations; inability to assess income tax expenses in Türkiye; political, economic and other risks specific to the foreign jurisdictions where we operate; pandemics, epidemics and public health crises such as COVID-19; the inherent risk associated with project development including for the Skouries project; our ability to maintain community environmental risks; ability o meet cost and production expectations for new targets; production and processing risks; risks related to tailings storage facilities and waste proces disposal; risks related to global economic conditions including those related to the Russia-Ukraine conflict; our ability to sell to limited number f smelters expatriates; reliance on contractors; our ability to service and repay our debt; restrictive covenants that impose significant operating and financial restrictions; change of control restrictions; debt service obligations; breach and default under indebtedness; credit ratings; new or amended government regulation; risks related to of contactors, our ability to service and repay our internal controls over financial reporting; commodity price risk; risks associated with mineral tenure and permitting processes; environmental, sustainability and governance practices and performance; risks related to financial reporting and estimation of carrying value of our assets; effects of actions of non-governmental menal.com organizations; our compliance with corruption and anti-bribery laws and sanctions; risks related to information and operation technology systems; results of future legal proceedings and contract settlements; the uncertainty of the mineral resources and their development into mineral reserves; reporting standards; credit risk of organiz our counterparties not meeting their financial obligations; share price volatility; actions of activist shareholders; reliance on infrastructure, commodities and consumables; currency risk; inflation rate risk; tax matters; dividends; regulated substances; reclamation and long-term obligations; equipment; acquisitions and dispositions; joint ventures; unavailability of insurance; privacy legislation; reputational risk; and competition; as well as those risk factors discussed in the section in the Company's MD&A titled "Managing Risk" and the sections titled "Forward-Looking Information and Risks" and "Risk Factors in Our Business" in our most recent Annual Information Form & Form 40-F. The reader directed to carefully review the detailed risk discussion in our most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR under our Company name, which discussion is incorporated by reference in this presentation, for a fuller understanding of the risks and uncertainties that affect our business and operations. relations and social license; liquidity and financing risk; natural phenomena including climate change and related health and social effects; inflation risk and off-takers; risks related to labour relations and our relationship with our workforce; employee misconduct; attracting and retaining a skilled workforce; reliance on that imp The inclusion of forward-looking statements and information is designed to help you understand management's current views of our near- and longer-term prospects, and it 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. 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 United States. This presentation contains information that may constitute future-orientated financial information or financial outlook information (collectively, "FOFI") about Eldorado's prospective financial performance, financial position or cash flows, all of which is subject to the same assumptions, risk factors, limitations and qualifications. as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on FOFI. Eldorado's actual results, performance and achievements could differ materially from those expressed in, or implied by, FOFI. Eldorado has included FOFI in order to provide readers with a more complete perspective on Eldorado's future operations and management's current expectations relating to Eldorado's future performance. Readers are cautioned that such information may not be appropriate for other purposes. FOFI contained herein was made as of the date of this presentation. Unless required by applicable laws, Eldorado does not undertake any obligation to publicly update or revise any FOFI statements, whether as a result of new information, future events or otherwise. Qualified Person Except otherwise noted, Simon Hille, FAusIMM, Senior Vice President, Technical Services and Operations, is the Qualified Person under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this presentation and verifying the technical data disclosed in this document relating to our operating mines and development projects. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be das mine categorized as mineral reserves. Mineral Reserves and Mineral Resources Estimates and Related Cautionary Note to U.S. Investors The Company's mineral reserve and mineral resource estimates for Kisladag, Lamaque, Efemcukuru, Olympias, Perama Hill, Perama South, Skouries, Stratoni, Piavitsa, Sapes, Certej, and Ormaque, are based on the definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum, and in compliance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the SEC that are applicable to domestic U.S. companies. The reader may not be able to compare the mineral reserve and mineral resources information in this presentation with similar information made public by domestic U.S. companies. The reader should not assume that: the mineral reserves defined in this presentation qualify as reserves under SEC standards; the measured and indicated mineral resources in this presentation will ever be converted to reserves; and the inferred mineral resources in this presentation are economically mineable, or will ever be upgraded to a higher category. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company most recently completed its Mineral Reserves and Mineral Resources annual review process with an effective date of September 30, 2022, a summary of which was published on December 5, 2022.#3Non-IFRS Measures Certain non-IFRS financial measures and ratios are included in this presentation, including cash operating costs and cash operating costs per ounce sold, total cash costs and total cash costs per ounce sold, all-in sustaining costs ("AISC") and AISC per ounce sold, sustaining and growth capital, average realized gold price per ounce sold, adjusted net earnings/(loss) attributable to shareholders, adjusted net earnings/(loss) per share attributable to shareholders, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), free cash flow, free cash flow excluding Skouries, working capital and cash flow from operating activities before changes in non-cash working capital. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that these measures and ratios, in addition to conventional measures and ratios prepared in accordance with International Financial Reporting Standards ("IFRS"), provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS and other non-financial measures and ratios are intended to provide additional information to assist in their evaluation of the Company's performance and ability to generate cash flow from operating activities and should not be considered in isolation or as a substitute for measures or ratios of performance prepared in accordance with IFRS. These measures and ratios do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Certain additional disclosures for these non-IFRS measures, including quantitative reconciliations to the most directly comparable IFRS financial measures, are incorporated by reference herein and can be found in the section 'Non-IFRS and Other Financial Measures and Ratios' starting at page 26 in the MD&A that will be available on SEDAR+ at www.sedarplus.com, on EDGAR at www.sec.gov, and on the Company's website under the 'Investors' section. The most directly comparable IFRS financial measures and results from the quarter ended September 30, 2023 are below. Non-IFRS Measure Cash operating costs (C1) Total cash costs (C2) AISC Average realized gold price per ounce sold EBITDA Adjusted EBITDA Adjusted net earnings/(loss) Most Directly Comparable IFRS Measure Production costs Revenue Earnings (loss) from continuing operations before income tax Q3 2023 $115.9 M $245.3 M $45.3 M Adjusted net earnings/(loss) per share Cash flow from operations before changes in non-cash working capital Free cash flow Free cash flow excluding Skouries Sustaining capital expenditures Growth capital expenditures Net earnings (loss) attributable to shareholders of the Company from continuing operations ($6.6 M) Net cash generated from operating activities of continuing operations $108.1 M Additions to property, plant and equipment during the period, excluding capitalized interest $91.1 M#4Diversified Portfolio of Long-Life, High-Quality Assets HEAD OFFICE Vancouver, Canada Kassandra Mines, GREECE ⚫ Olympias Skouries Olympias, GREECE 2022 Au Production 2022 AISC/oz(1) Stratoni 56,333 oz $2,155/oz sold 2023 Q3 Production 2023 YTD Production 18,848 oz Au 49,251 oz Au European Regional OFFICE Amsterdam, Netherlands Perama Hill, GREECE • The Rivers Diverse Asset Portfolio Operations in Türkiye, Greece and Canada 11.7Moz of P&P gold reserves (2) • Lamaque Complex, CANADA 2022 Au Production 174,097 oz 2022 AISC/oz(1) $1,036/oz sold 2023 Q3 Production 43,821 oz Au 2023 YTD Production 120,450 oz Au Total Consolidated Production Profile 2022 Au Production 453,916 oz 2022 AISC/oz(1) $1,276/oz sold 2023 Au Production Guidance 475,000 oz - 495,000 oz Production Development • Efemçukuru, TÜRKIYE 2022 Au Production 2022 AISC/oz(1) 2023 Q3 Production 2023 YTD Production • Kışladağ, TÜRKIYE 2022 Au Production 2022 AISC/oz(1) 2023 Q3 Production 2023 YTD Production 87,685 oz $1,091/oz sold 21,142 oz Au 63,714 oz Au 135,801 oz $1,000/oz sold 37,219 oz Au 108,558 oz Au • Production Growth Annual gold production expected to increase to 675,000 735,000 ozs in 2027 $1 Pipeline of Strategic Growth Projects Development projects: Skouries, Perama Hill Commercial production at Skouries expected by end of 2025 Care & Maintenance eldorado gold (1) (2) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. 3#5Strong Investment Rationale • Eldorado is driving investor returns by focusing on four key areas Pipeline of Strategic Growth Projects Skouries: In full construction. ~140kozs average annual gold production forecast, with commercial production expected at end of 2025 • $ Attractive Valuation Advancing high-quality Greek assets creates re-rating potential • • Kışladağ: Increase throughput and recovery Lamaque Complex: Exploration upside from nearby targets e Focused on ESG Strong ESG performance as a mid-cap miner Diversity/inclusion, adherence to WGC Conflict Free Gold Standards, best practices for tailings management eldorado gold $ Financial Position Cash and cash equivalents of ~$477 million as of September 30, 2023 Continue to focus on maintaining a solid financial position which provides flexibility to unlock value across our business 4#6Upcoming Value Drivers Focused on upcoming value drivers • . Türkiye: Kışladağ opportunity to increase throughput and recoveries • Commissioned agglomeration drum to treat fine ore split of HPGR product in Q2 2023; commenced stacking on North heap leach pad in early Q3 2023 Resource conversion of Kokarpinar & Bati at Efemçukuru Québec: Resource conversion drilling of upper two-thirds Ormaque deposit; expect inaugural reserve in 2024 Greece: Continued productivity improvements at Olympias following positive progress in 2021-2022 Continue to progress Skouries, focused on engineering, procurement and contracting eldorado gold Kişladağ, Türkiye 5#7Production (koz) 5-Year Operating Outlook Includes Skouries Production (mid-point) increasing by over 55% over the 5-year period driven by organic growth projects and expected commercial production from Skouries 5-Year Production Profile (1)(2)(3) 800 600 400 200 705kozs 660kozs 610kozs 535kozs 485koz 0 2023E ■ Kışladağ 2024E 2025E 2026E 2027E ■Lamaque ■ Efemçukuru ■Olympias ■Skouries Skouries, Greece Perama Hill is not included in the 5-year outlook and could provide upside to production profile. (1) Showing mid-point guidance. Full ranges included in Appendix. eldorado gold (2) (3) As disclosed on Feb. 23, 2023. 2023 ranges should not be relied upon. On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance year to date.#8P/NAV Attractive Valuation Advancing high-quality Greek assets creates re-rating potential 1.40 1.20 1.00 0.80 0.60 0.40 0.20 Consensus P/NAV 0.00 AGI BTO NGD ELD CG EQX SSR IMG Source: FactSet; data as of January 2, 2024 EV/2023 EBITDA 12.00 10.00 8.00 6.00 4.00 2.00 0.00 AGI $ Consensus EV/2023E EBITDA(1) EQX Source: FactSet; data as of December 5, 2023 eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. H SSR ELD NGD CG BTO 7#9Financial Position Focus on maintaining solid financial position which provides flexibility to unlock value across our business $ Liquidity Position (1) (as of Sept. 30, 2023) • Cash position (1) of $476.6 million as at September 30, 2023 $477M O $593M eldorado gold (1) Cash Credit Facility $116M • • In October 2021, Eldorado entered into a $250 million amended and restated senior secured credit facility ("ARCA"), which remains undrawn On April 5, 2023, Eldorado closed the project financing for the Skouries project, which reduces the availability under the ARCA as Eldorado's investment undertaking is fully back-stopped by the letter of credit issued. Current availability of the ARCA is $116 million. The amount currently issued as a letter of credit for Eldorado's future capital contributions as part of the Skouries Project financing is €126.2 million ($133.7 million). In August 2021, Eldorado completed an offering of $500 million senior unsecured notes with a coupon rate of 6.25% due September 1, 2029 . Interest paid semi-annually on March 1 and September 1 Cash position reflects the Company's cash balance and cash equivalents. Amounts are derived from the Q3 2023 financial statements. 8#10Skouries High-grade gold-copper porphyry deposit that is a key driver of Eldorado's growth story OVERVIEW Location Deposit type Ownership Mining/ Processing Life of Mine Products produced Production target Halkidiki Peninsula, Greece Gold-copper porphyry 100% Eldorado Open pit & underground / flotation & gravity 20 years based on Reserves Gold doré, copper/gold concentrate Mid 2025 with commercial production end of 2025 GREECE Skouries Athens Mediterranean Sea Life of Mine (LOM) Project Economics (2) At Spot Au & Cu(3) Annual gold production 140,000 oz Annual gold equivalent production 312,000 oz Cash operating costs(1) $(365)/oz TÜRKIYE AISC(1) $(6)/oz $(341)/oz $65/oz NPV-5% (4) $1.3 B $1.6 B 19% 22% Project IRR (4) Contained metal in Proven & Probable Reserves (5)(6) Contained metal in Measured & Indicated Resources (5)(6) 3.6 Moz Au, 740K tonnes Cu 5.0 Moz Au, 1.1K tonnes Cu Europe Advancing Skouries €680 million financing package secured for the development of Skouries • C$81.5 million strategic investment by EBRD • Announced updated feasibility study results in Dec. 2021 eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information; (2) Data here and elsewhere in this presentation is from the 9 Skouries Technical Report dated January 22, 2022; (3) $1,800/oz Au, $3.80/lb Cu; (4) After tax, based on $1,500/oz Au, $3.85/lb Cu; (5) $1,300/oz Au, $2.75/lb Cu; (6) Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves.#11Skouries: Recent Achievements • • Full construction mode on the Company's next phase of growth * Q3 2023 Highlights Overall project process at 34%, expected to be ~48% by year end Engineering, procurement and contracting • • • Detailed engineering at 56% • Procurement at 73% Construction • Site preparation and relocation of temporary facilities Mobilized contractor and commenced work on the primary crusher earthworks and pilings Underground Development • Progress advanced on the west decline Process Facilities work in Q4 2023 • • Completion of structural steel and cladding of process plant Continuing primary crusher foundation construction eldorado gold Primary crusher foundation Open pit 10#12Positioned to Deliver Transitioned to full construction mode: $160 to $170 million (1) capital expected in 2023 Q1 2021: Amended Investment Agreement Signed Q2 2021: Receipt of modified dry stack tailings permit Q2 2021: Completed feasibility study 2022 Q1 2023: Full restart of construction Q1 2023: Drilling and blasting commenced on first phase of UG Q2 2023: Closing of Project Financing; EBRD Investment Q2 2023: First drawdown on project finance facility 2024 ㅁㅁ Q1 2025: Delivery of tailing filter press Mid-2025: Tailings dam construction complete H2 2025: First production End of 2025: Commercial production 2021 ✓ ✓ ✓ Q1 2022: Commenced preconstruction activities Q1 2022: Skouries Technical Report Filed Q2 2022: Filter Press Ordered Critical Path item Q3 2022: Mandate Letter Signed Q4 2022: Project Financing Secured Q4 2022: Conditional Board Approval to Restart Construction 2023 Test stope work commence H2 2024, completion by mid- 2025 2½ 3-year construction & commissioning 2025 eldorado gold (1) On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance 11 year to date. The reduced spend in 2023 is not expected to impact the project plan, including cost and schedule, with critical path on track.#132023 Focus Project cost and schedule are on track for mid-2025 commissioning Sept 30, 2023 34% Project Process 56% Detailed engineering 000 Procurement Expected progress by end of 2023 48% -90% 73% -90% Capital Expenditure $101 M Employees/contractors onsite eldorado gold 00000 ☐ ப L $160 - $170 M 400 О ☐ 900 ☐ 2023 Site Activities Mobilization of construction contracts for earthworks, concrete, process plant piping and electrical works Awards of the remaining major procurement and contract packages Complete 400m of UG development and associated services Mobilization of embankment construction for the IEWMF Mobilization of mechanical, piping and electrical installations in the mill General works continued to be focused on site preparation, relocation of temporary facilities, and the haulage of aggregates to site for construction purposes Power service installation advanced with the installation of the new substations and distribution to the underground network. Power service upgrades are scheduled for completion in Q4 2023 12 Advance the water management systems#14Skouries: Transformational for Eldorado Skouries Production Profile(1) Gold Production (Koz) US$ million 250 200 150 100 50 $500 $400 0 500 250 (250) (500) Year 1 Year 2 Year 3 Year 4 Year 5 Skouries Annual Cash Flow(2) $376 $324 $300 $192 $200 $166 $100 $0 Year 1 Year 2 Base Case Year 3 Incremental @ Spot Year 4 Year 5 eldorado gold Total Cash Cost (US$/oz Au) • • Skouries Project Estimates (1) Robust economics (1) • • Base case (2): NPV 5% $1.3B; after-tax IRR 19% Spot price (2): NPV5 $1.6B; after-tax IRR 22% 5% Average annual gold production: 140kozs Average annual copper production: 67M lbs Cash operating costs (3): negative US$365/oz sold • All-in Sustaining costs (3): negative US$6/oz sold $174 . Free cash flow (3): on average, US$215 million per year, for the first 5-years (1) Skouries figures are estimates based on the Skouries Technical Report dated January 22, 2022; (2) Base Case assumes 2021 FS prices ($1,500/oz Au and $3.85/lb Cu). Spot assumes $1,800/oz Au and $3.80/lb Cu; (3) These are non-IFRS financial measures or ratios. See Slide 2 "Non-IFRS Measures" for more information. 13#15Skouries: Strategic Project Financing Closed Maximizing shareholder value with well-aligned strategic partnerships Term Facility Components (Debt) €480 million Greek Banks National Bank of Greece & Piraeus Bank Recovery and Resilience Facility (RRF) loan provided by the EU via the Greek State €200 million . Total Project Financing Facility €680 million • Strategic Investment by EBRD (Equity) European Bank for Reconstruction & Development ("EBRD") C$81.5 M Key Features of Term Facility Non-recourse to Eldorado; secured by Hellas Gold Blended interest rate of approximately 5-6% (1) 10-year term: 3 years availability; 7 years repayment Financing includes additional cost overrun facility of up to 10% of capital costs Drawdown of funds commenced in April 2023 Drawdowns on the Skouries Term Facility year to date as at September 30, 2023 totalled €106.5 million. Bank funding and EBRD funds address remainder of 2023 funding for project eldorado gold (1) The estimated blended interest rate is approximately 6% based on current 6-months EURIBOR, plus a fixed margin. Project is fully funded. 14#16Lamaque Complex Underground gold mine located in Val-d'Or, Québec. The high-grade orogenic Triangle deposit feeds the current mine life. OVERVIEW Location Ownership RESERVES AND RESOURCES (2) Québec, Canada 100% Contained Tonnes Grade Hudson Bay Ounces (x1000) (g/t Au) Mine type Underground (x1000 Au) Metals mined Gold P&P Reserves - Lamaque Complex 4,454 6.12 877 Processing method Milling circuit followed by a leach and CIP circuit CANADA Lamaque M&I Resources - Triangle, Plug #4, Parallel 6,810 7.67 1,679 Montreal M&I Resources - Ormaque 309 19.24 191 Deposit type Life of mine 2022 Results Orogenic gold veins -5 yrs Upper Triangle based on Reserves ~8 yrs Lower Triangle and Ormaque based on Resources 174,097 ozs produced at $1,036/cz AISC(1) and C1 Cost (1) of $642/oz sold Production: 120,450 ozs Toronto USA Inferred Resources - Lamaque Complex 11,597 8.67 3,232 • Exploration Upside Advancing Ormaque resource conversion drilling • 2023 Q3 YTD Cash Operating Cost (C1)(1): Large resource base and exploration upside from nearby targets $673/oz sold • eldorado gold Strategic land positions in highly-prospective jurisdictions 15 (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. (2) Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves.#17Lamaque Complex: Recent Achievements • • • * Q3 2023 Highlights Consistent performer Q3 gold production of 43,821 ozs at cash operating costs (1) of $624/oz sold Impacted by slower development in Q2 as a result of the forest fires in the region On track to complete resource conversion drilling of top 2/3rds of the Ormaque deposit in 2023; bulk sample and expected conversion to an inaugural reserve in 2024 Production expected to increase in Q4 as development is pushed into higher grade stopes eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Triangle underground 16#18• Lamaque Complex Growth Plan Our growth plan entails staged mine development and resource conversion Gold Production for the Upper Triangle Reserve Case Significant growth since acquisition Actual and planned production exceeds 2018 PFS Extended mine life with -5.5 years of production from Upper Triangle reserves, and potential for an additional ~8 years of mine life from Lower Triangle and Ormaque inferred resources Gold Production (oz) 250,000 200,000 150,000 100,000 50,000 0 Reserve Cases (Upper Triangle) ■ 2018 PFS 2018 2019 2020 2021 2022 2023 Planned Production (Reserves) 2024 2025 2026 2027 Actual Production Budget Case (Upper Triangle) 2022 2023 2024 2025 2026 2027 2028 Mining Plan Development | 2029 2030 2031 2032 | 2033 | 2034 Upper Triangle Reserve Case Lower Triangle PEA Ormaque PEA Parallel Reserve Case Resource Conversion Plan eldorado gold Commence Mining Ormaque C8C9 C10 The PEAS are preliminary in nature and are based on numerous assumptions and the incorporation of Inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. There is no guarantee that Inferred mineral resources can be converted to Indicated or Measured mineral resources and, as such, there is no guarantee that the economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 17#19Successful Growth at the Lamaque Complex Delivered on acquisition with demonstrated growth; Significant upside potential Kil Strong track record of success since Integra acquisition Updated Technical Study with significant upside potential (1) Continued positive impact for local stakeholders Achieved Commercial Production • Reached commercial production less than 2 years after the Integra acquisition Resource and Reserve Growth Inaugural reserve announced 8 months post acquisition; continue to replace reserves year-over-year with additional growth Doubling of gold resources since acquisition through exploration Exceeded PFS Production Metrics Triangle has exceeded 2018 Prefeasibility Study ("PFS") metrics in terms of tonnage and gold production Triangle 2022 gold production was 175kozs, almost 30% higher than peak production of 135kozs based on the 2018 PFS eldorado gold $M (USD) $1,000 After-Tax NPV 5% (2) $197 M $800 $162 M $600 $459 M $400 $200 $0 Upper Triangle Lower Triangle + Parallel Inferred Reserves Ormaque Inferred • Positioned Well in Abitibi Region Expanded land package in the Val-d'Or region by 550% with QMX acquisition Acquired large prospective land packages in Matagami, Kirkland Lake areas Sustainable Focus Recently completed Lamaque decline project is expected to result in: . Eliminating 26 km surface haulage and rehandling on public roads; reducing GHG emissions Increasing energy efficiency Reducing ambient noise & surface dust Operating Mine Fully Permitted Upper Triangle Reserves case is fully permitted under Federal and Provincial regulations Expect that any permitting amendments can be obtained as required for future growth • . Improving overall sustainability The PEAS are preliminary in nature and are based on numerous assumptions and the incorporation of Inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. There is no guarantee that Inferred mineral resources can be converted to Indicated or Measured mineral resources and, as such, there is no guarantee that the economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic viability. (1) Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. (2) Assumes gold price of $1,500 per ounce. 18#20Kışladağ Kışladağ is a low-grade, bulk-tonnage, open pit operation that uses heap leaching for gold recovery OVERVIEW Location Ownership Uşak Province, Türkiye 100% Open pit, heap leach Mine type Metals mined Gold Deposit type Gold porphyry Processing method Heap leach Black Sea RESERVES AND RESOURCES (2) Contained Tonnes Grade (x1000) (g/t Au) Ounces (x1000 Au) P&P Reserves 176,576 0.67 3,759 Ankara O M&I Resources 330,317 0.59 6,290 Inferred Resources 7,529 0.44 107 TÜRKIYE GREECE Kışladağ Life of mine 2022 Results 2023 Q3 YTD 13 years based on Reserves 135,801 ozs produced at $1,000/oz AISC(1) and C1 Cost (1) of $773/oz sold Production: 108,558 ozs Cash Operating Cost (C1)(1): $671/oz sold eldorado gold (1) (2) Mediterranean Sea • Europe • Enhancing Efficiencies Kışladağ opportunity to increase throughput and recoveries beyond planned 56% Completed commissioning of the fine-ore agglomeration circuit, and is performing as expected; Upgraded materials handling and agglomeration systems These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. 19#21Kışladağ: Recent Achievements Ramping up upgraded materials handling and agglomeration equipment Q3 2023 Highlights Q3 gold production of 37,219 ozs at cash operating costs (1) of $622/oz sold Record(2) ore tonnes of 3.6 million placed on the pad in Q3 Completed commissioning of the fine-ore agglomeration circuit, performing as expected Commenced stacking on North Heap Leach Pad in mid-July, three cells under leach Production expected to increase in Q4 2023: • • Realization of full effectiveness of the upgraded materials handling equipment. Stacked ore leaching was delayed as a result of the extraordinary rainfall in Q2 eldorado gold Agglomeration Product (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. (2) Record over the past 6.5 years . 20 20#22Efem çukuru OVERVIEW High-grade underground operation located in Izmir Province in western Türkiye RESERVES AND RESOURCES (2) Location İzmir Province, Türkiye Contained Tonnes Grade Ownership 100% Black Sea (x1000) (g/t Au) Ounces (x1000 Au) Mine type Underground P&P Reserves 3,372 5.08 550 Ankara Metals mined Gold O M&I Resources 5,580 6.69 1,200 TÜRKIYE Processing method Flotation circuit to produce gold concentrate GREECE Inferred Resources 1,323 4.13 176 Efemçukuru Deposit type Epithermal gold Mediterranean Sea Life of mine 6 years based on Reserves 2022 Results 87,685 ozs produced at $1,091/oz AISC(1) and C1 Cost(1) of $701/oz sold Production: 63,714 ozs 2023 Q3 YTD Cash Operating Cost (C1)(1): $791/oz sold eldorado gold (1) (2) Europe • . Maintain low-cost production Efemçukuru focused on continuous improvement to sustain low-cost production Efemçukuru met annual production guidance for 9th consecutive year, since 2014 These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. 21#23Efem çukuru: Recent Achievements Steady producer quarter over quarter Q3 2023 Highlights Q3 gold production 21,142 ozs at cash operating costs (1) of $817/oz sold Progressed on the development of the Mine Rock Storage Facility (MRSF) southern expansion Continued resource conversion drilling at Kokarpinar Production in Q4 is expected to be steady Certified to ISO 50001 Energy Management Standard eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. FEMÇUKURU 22#24Olympias Carbonate replacement style deposit with high gold-grades and an orebody that will allow for mining rates up to 1 million tonnes per year OVERVIEW Location Ownership Halkidiki Peninsula, Greece 100% Mine type Underground Metals mined Gold, Silver, Lead, Zinc GREECE Processing method Milling circuit followed by flotation Commercial production 2017 Life of mine 2022 Results 15 years based on Reserves; additional 2 years based on Resources 56,333 ozs produced at $2,155/oz AISC(1) and C1 Cost (1) of $1,409/oz sold Production: 49,251 ozs RESERVES AND RESOURCES (2) Contained Contained Tonnes (x1000) Grade Grade (g/t Au) Ounces (x1000 Au) Ounces (g/t Ag) (x1000 Ag) Olympias TÜRKIYE P&P Reserves M&I Resources 8,856 6.70 1,907 126 35,810 12,439 8.00 3,198 147 58,619 Inferred Resources 2,339 7.84 589 179 13,488 Athens Mediterranean Sea Europe lil Focus on Growth Continue to work on productivity improvements Modified Environmental Impact Assessment ("EIA") to the Kassandra Mines approved, allowing the expansion of the Olympias processing facility to 650 ktpa and improvements to the Stratoni port 23 2023 Q3 YTD Cash Operating Cost (C1)(1): $1,096/oz sold eldorado gold (1) (2) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves.#25Olympias: Recent Achievements • * Executing on key productivity initiatives Q3 2023 Highlights Q3 gold production of 18,848 ozs at cash operating costs (1) of $885/oz sold Increased underground development and production from the Flats zone Mine and processed tonnes at record levels Key productivity initiatives implemented: • Bulk emulsion blasting with second unit to be delivered in Q4 Completed ventilation upgrade, energized 150kv substation and handed over to public utility • Production expected to be steady in Q4 as productivity initiatives continue to deliver eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Resources Neit Zone Fast Zon Flats Zone Wour Flunk Olympias Underground 24#26Olympias: Transformation Initiatives Initiatives support Eldorado's 2023 guidance and continued transformation objectives Bulk Emulsion Blasting System • • . Improves explosive distribution in the drilled holes Yields greater advance per blasted round, enhancing the development rate Implemented in Q2 2023 Ventilation System Upgrade • Designed to provide safe access to lower areas of the mine increasing the number of development headings we can effectively work on Surface fan installation tied into system in early Q3 2023 aimed to debottleneck ventilation, in addition to 150kv substation energized Workforce & Equipment Management • • Performance based incentives for workforce implemented Focus on continued management and maintenance of equipment eldorado gold 25#27Perama Hill Low-cost epithermal gold-silver project with transformative growth potential RESERVES AND RESOURCES (2) OVERVIEW Location Ownership Thrace, Greece 100% Mine type Open pit Metals Gold, Silver mined Deposit type Epithermal gold-silver Life of mine(3) 10 years based on Reserves GREECE Perama Hill Athens Tonnes (x1000) Grade (g/t Au) Contained Ounces (x1000 Au) Grade Contained Ounces (g/t Ag) (x1000 Ag) P&P Reserves 10,292 3.01 995 5.0 1,639 TÜRKIYE M&I Resources 14,066 3.04 1,374 7.0 2,994 Inferred Resources 1,136 1.63 59 2.0 83 Grades (3) Expected production (3) Expected costs (3) High grade (3.2 g/t), open pit strip ratio of ~0.3 Approximately 100,000 oz Au per year Cash operating costs (1) $430/oz (1) eldorado gold (2) (3) Mediterranean Sea • Europe • Supports the Growth Pipeline Next mine expected to be developed after Skouries Exploration potential in the Thrace region supports opportunities for growth Excluded from Hellas Gold Greek bank financing and not guaranteed under Senior Notes These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. Data here and elsewhere in this presentation is from the Perama Hill Technical Report dated January 2010. 26#28Perama Hill • Upcoming catalysts • • • Social & Environmental Due Diligence - Ongoing (2023) File application for inclusion to the Strategic Investments - H1 2024 Restart stakeholder engagement and community consultation – commencing in H1 2024 ⚫ Future developments • EIA submission EIA Approval & Presidential Decree (PD) issued Submission of full Social & Environmental Impact Assessment (SEIA) Approval SEIA & Technical Study • Installation & Building Permits issuance (Construction start) eldorado gold 27#292023 Exploration Strategy Canada 2023 Exploration guidance is $35 million to $41 million (1) (57% expensed, 43% capitalized) ~119,000 metres ("m") planned drilling, including ~45,000m of resource Country Spending Breakdown Türkiye ~70,000m planned drilling, including ~10,000m of resource conversion drilling at Efemçukuru Efemçukuru West Vein expansion targets Regional greenfields projects conversion drilling at Ormaque and Lower Triangle Expand resources at Ormaque and test 30% for new lower zone at Parallel New Sigma-Lamaque targets 60% Greece Bourlamaque project target definition 10% and drill testing • Brownfields targeting Skouries project support 28 eldorado gold (1) This includes $28M-$31M of exploration expenditures, plus an additional $7M-$10M of non-sustaining exploration expenditures included in growth capital.#30Eastern Canada Exploration in 2023 Focus on brownfields opportunities within the Lamaque Complex / Bourlamaque properties Advanced Targets Ormaque: Resource conversion and expansion. Testing extensions to east and at depth Lower Triangle: Resource conversion of C6, C7 Herbin Area: Testing along-strike targets of historically mined areas New Targets Fieldwork and 44,000m drilling planned at early- stage projects within expanded license area Fieldwork on optioned properties in Kirkland Lake Belt and Bruell eldorado gold Km SIGMA ORMAQUE LAC HERBIN FEDERBER О DUMONT LAMAQUE TRIANGLE N BEAUFOR NEW PASCALIS AKASABA BONNEFOND BEVCON SIGMA 2 Gold Deposits ° 0.1 0.5 Moz 0.5 2.5 Moz > 2.5 Moz. Base Metal Mine BRUELL PROJECT 29#31Türkiye Exploration in 2023 Opportunities to extend life of mine at Efem çukuru through conversion of high-grade inferred resources and testing new targets Efemçukuru AU_Block Model Au Rock p pm 5 • Efem çukuru • ~13,000m resource conversion / expansion drilling planned at Kokarpinar and Bati West Veins: Over 3km strike length of untested veins with numerous high- grade surface samples Bati Veins Türkiye Regional Projects Target generation fieldwork and 14,000m drill testing at early-stage greenfields projects eldorado gold West Veins Kokarpinar Middle Göktepe Kestanebeleni 2.5 1 Kokarpinar South Plunge +66 Azimuth 001 250 500 750 2 30 30#32ESG is a Key Priority Peer comparison shows Eldorado as a strong ESG performer in the mid-cap mining sector ESG actions are recognized globally Eldorado's Sustainability Integrated Management System incorporates global standards including the Responsible Gold Mining Principals and Towards Sustainable Mining ISS▷ 1 = highest; 10 = lowest SUSTAINALYTICS 100 = Poor a Morningstar company 1 = highest; 100 = lowest GOVERNANCE QUALITYSCORE HIGHEST RANKED BY ISS ESG▷ 1 ELD Score Score = 21 (Top 7% of Peer Group) • • • e Leading the way in ESG areas The Board exceeds our diversity target of having at least 30% women directors by 2022 and exceeds the other designated groups (1) target of 10% MAC-TSM Level AAA on Biodiversity Conservation Management and Tailings Management at Lamaque and the Kassandra Mines (2) Journey to Decarbonization Greenhouse gas ("GHG") emissions mitigation target: • In 2022, Eldorado implemented 11,569 tCO2e of GHG emissions mitigations, representing 20% of our target total of mitigating 30% of our 2020 baseline from current operating mines by 2030, on a "business-as-usual" basis. Lamaque is a leader in low-carbon gold mining (1) Designated groups include: Indigenous peoples, people with disabilities, visible minorities and the LGBTQIA2S+ community (2) Based on a verified assessment eldorado gold copyright ©2022 Sustainalytics. All rights reserved. This slide contains information developed by Sustainalytics. Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) 31 and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.#3332 32 Appendix#34Board of Directors Executive Leadership eldorado gold Eldorado Gold Executive Management Team Experienced Operators Supported by a Committed and Proven Leadership Team George Burns President & CEO Joseph Dick Executive VP & COO Paul Ferneyhough Executive VP & CFO Frank Herbert Executive VP, GC, and Chief Compliance Officer Simon Hille Executive VP, Technical Services and Operations Louw Smith Executive VP, Development, Greece . Over 30 years of experience in the mineral sector including executive, operations, development and engineering leadership roles in gold, copper and coal operations Prior to joining Eldorado, he was EVP & COO at Goldcorp Began his career with Anaconda Company in 1978 Steven Reid Chair of the Board George Burns President & CEO Over 35 years of mining experience, including executive, safe operations, projects, engineering and production support roles in gold, silver and base metal operations Prior to joining Eldorado, was SVP, Latin American Operations at Goldcorp Carissa Browning Independent Director . Over 30 years of experience in the resource industry including senior leadership roles in corporate, including finance, IR, strategy, commercial, planning and business performance management. Prior to joining Eldorado, he was Executive Director at Repsol SA. Teresa Conway Independent Director • Extensive experience in the mining sector Previously President and GC at Centerra Gold Inc. • Over 15 years in private practice at major Canadian law firms Significant experience working with the investment community in Europe and North America Catherine Farrow Independent Director Pamela Gibson Independent Director •Over 30 years experience in gold and base metals, specializing in leading high- performance, cross-functional technical and operational teams to maximize value from complex ore bodies. Prior to joining Eldorado he was Group Executive, Technical Engineering and Global Project at Newmont (Goldcorp) Judith Mosely Independent Director • Over 30 years of experience in the mining sector ⚫ Held progressively senior roles related to exploration, project management and mine operations management • Prior to joining Eldorado was COO at NordGold for nine years, responsible for seven operating business units. Stephen Walker Independent Director John Webster Independent Director 33#35% Change Eldorado Share Price Performance Relative Share Price Performance Capital Structure Common Shares outstanding(1) 202,867,117 70% 60% 50% 40% Share purchase options (1,2) 3,663,354 Performance share units (1) 689,175 30% 20% Closing share price (3) $12.62 (NYSE: EGO) 10% 0% -10% -20% 30-Dec-22 Market Capitalization(3) $2.6B 52-week Share Price $8.12 $13.71 Range(3) 28-Feb-23 30-Apr-23 30-Jun-23 31-Aug-23 -Eldorado Gold Source: FactSet, data as of January 2, 2024 Peer Average 31-Oct-23 -S&P TSX Global Gold ―NYSE Arca Gold BUGS 31-Dec-23 Analyst coverage: Bank of America, BMO, Canaccord, CIBC, Cormark, Global Mining Research, Haywood, National Bank, RBC, Scotia, Stifel, TD eldorado gold (1) Data as of October 27, 2023 (2) Weighted average exercise price per share Cdn$12.32 (3) Data as of January 2, 2024 34#365-Year Operating Outlook Includes Skouries Production (midpoint) increasing over 5 years driven by growth projects Five-Year Operating Outlook (1) Production (oz) 2022 2023E (2) Kışladağ 135,801 160-170 K 2024E 195-205 K 2025E 2026E 2027E 180-190 K 150-160 K 165-175 K Lamaque 174,097 170-180 K 180-190 K 175-185 K 180 - 200 K 180-200 K Efemçukuru 87,685 80-90 K 75-85 K Olympias 56,333 60-75 K 65-75 K Skouries Total(2) 453,916 475 495 K (1,4) 515 555 K 75-85 K 75-85 K 80-90 K(3) 585 635 K 75-85 K 80 - 90 K 145-155 K 630-690 K 60-70 K 75-85 K 195 - 205 K 675-735 K eldorado gold (1) Totals may not add. (2) As disclosed on Feb. 23, 2023. Ranges should not be relied upon. See footnote #4. (3) Includes expected pre-commercial production from Skouries. First production is expected in H2 2025, followed by a ramp-up and commercial production by the end of 2025. (4) On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance year to date. 35#372023 Cost and Capital Outlook Costs outlook reflects market conditions; Capital focused on re-investing in growth opportunities 2023 Cost Outlook 2023 Growth Capital Spending Outlook (1,4) ($M) Skouries Cash Op Cost(1,2) C1 ($/oz sold) Total Cash Cost (1,2) C2 ($/oz sold) AISC (1) ($/oz sold) 160-170 2023 Other Items Outlook ($M) Kışladağ 750-850 Lamaque 670-770 850-950 700-800 G&A 35-38 Exploration & Efem çukuru 790-890 920-1,020 Evaluation (5) Olympias 980-1,080 1,130-1,230 Depreciation 28-31 272 - 282 Total 730-780(3) 830-880(3) 1,190 -1,240 (3) 2023 Capital Outlook Sustaining Capital (¹) ($M) Growth Capital(¹) ($M) Kışladağ 14-19 110-120 Lamaque 60-70 37-42 Efemçukuru 10-15 Olympias 30-35 4-8 3-7 Total 114-139 eldorado gold (1) (2) |(3) 120-135(3) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance year to date. As disclosed on Feb. 23, 2023. Ranges should not be relied upon. See footnote #4 On Oct. 26, 2023, the Company announced updated 2023 guidance ranges. The reduced spend at Skouries in 2023 is not expected to impact the project plan, including cost and schedule, with 36 critical path on track. (5) 74% expensed, 26% capitalized; assumes the expected sale of Certej in H1 2023.#38Operating Results Productivity initiatives began delivering results Q3 2023 Asset Kışladağ Production (oz) C1 Cost (1) ($/oz) AISC (1) ($/oz) Production (oz) YTD 2023 C1 Cost (1) ($/oz) AISC (1)($/oz) 37,219 622 884 108,558 671 897 Lamaque 43,821 624 1,099 120,450 673 1,143 Efem çukuru 21,142 817 1,205 63,714 791 1,137 Olympias 18,848 885 1,319 49,251 1,096 1,614 Total 2023 Guidance (2) 121,030 698 1,177 341,973 754 1,225 475,000 495,000 730-780 1,190 1,240 (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. The most directly comparable IFRS measure to C1 Cost and eldorado gold AISC is Production costs. (2) On Oct. 26, 2023, the Company announced updated guidance ranges to reflect updated full-year expectations given the operational and 37 financial performance year to date.#39Operating Jurisdictions Operating History in key jurisdictions C⭑ Türkiye Canada • 2021 Investment Attractiveness (3): Türkiye: 52.15/100 • 2022 Investment Attractiveness (2): Québec: 84.03/100 • • Operating in Türkiye since 2006 Demonstrated history of 15+ years of permitting success and strong community relations • • 5.5+ year Reserve life with potential from large Inferred resource(4) Steady production profile, large resource base and exploration upside from nearby targets Turkish Inflation Rates vs. ELD Cash Costs (1) (Turkish Assets) 70 60 1190 1020 50 850 Inflation Rate (%) 40 680 30 20 10 I l l l l l l 510 340 170 Cash Operating Costs ($/oz) 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Kisladag Cash Costs ($/oz) Efemcukuru Cash Costs ($/oz) -Turkish Inflation Rate (%) Source: Turkish Central Bank, company reports 2 eldorado gold (1) (3) (4) • • Greece 2021 Investment Attractiveness: Greece: N/A (3) Amended Investment Agreement with Hellenic Republic in Q1 2021 • Provides investor protection mechanisms including a permitting framework similar to other large-scale foreign investment agreements in Greece These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Ranked by Fraser Institute. Source: https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2022 The 2022 Fraser Institute questionnaire included a number of jurisdictions that had insufficient responses to enable them to be included in the report. Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. 38#40Low-cost Operations Eldorado's total cash costs are in line with the industry-weighted average and expected to trend lower given growth profile Gold Industry Total Cash Cost (1) Curve ($/oz) $2,000 $1,750 $1,500 $1,250 Lamaque $665/oz $1,000 $750 $500 $250 Eldorado $878/oz Efemçukuru $848/oz Kışladağ $874/oz $0 0 10 20 30 40 50 60 Production (%) eldorado gold Spot Gold: $1,820/oz Olympias $1,586/oz Industry Weighted-Average: $877/oz 70 70 80 90 90 Source: S&P Capital IQ 2022 Cost Curve, FactSet NOTE: Eldorado's total cash cost (1) (C2) figures from full-year 2022 (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. 39#41Hedge Portfolio Managing gold and copper downside price exposure over the next 3-years • Skouries Project Finance Related Hedges Limited forward sales for delivery on June 30, 2026, as follows: • Gold: 32,000 ounces of gold at a forward price of US$2,160 per ounce; and Copper: 6,160 tonnes of copper at a forward price of US$8,525 per tonne Foreign exchange hedging arrangements to fix the US dollar to Euro exchange rate for a portion of the Facility repayments. • Interest rate swap covering 70% of the variable interest rate exposure. • Gold Hedges - Zero Cost Collar Mitigate volatility risk of the gold price during a period of elevated investment in the Skouries project As of Jan. 1, 2024: 16,667 ounces settle monthly with a weighted average put strike price of $1,850 per ounce and a weighted average call strike price of $2,716 per ounce Hedge Tenor Jan. Dec. 2024 Ounces (Au) Put Strike Price ($/oz) Call Strike Price ($/oz) 200,004 1,800 2,765 Jan.-Dec. 2025 200,004 1,900 2,667 516,677 oz • For details, please see news release dated April 5, 2023 eldorado gold Total Gold Hedges: June 2023 - Dec. 2025 40#42Skouries Feasibility Study at a Glance AISC (1)(2)(3) ($6/oz) Strong production and low cost expected for years to come Capital $845M IRR 19% Payback <4 Years Low-end of the cost curve To 1st production Cash Operating Costs (1) ($365/oz) Bottom of the cost curve eldorado gold Internal Rate of Return From 1st production EBITDA Margin (1) NPV (4) ~55% Delivering US$125/yr for 1st 5yrs $1.3B Net Present Value Au Production 140,000 oz/yr (312 K oz AuEq) Eldorado Gold 2021 output: 475,912 oz (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information; (2) AISC: All in Sustaining Cost including by-product; (3) Skouries' revenues from copper concentrate sales will fund entire operating cost of the project; expected to significantly decrease Eldorado's consolidated total cash cost per ounce. Gold price assumption is $1,500 per ounce. Copper price assumption is $3.85 per pound; (4) After-tax. NPV at a 5% discount rate. 41#43Capital Cost ($M) Skouries Capital Cost: Evolution from PFS to FS FS reflects updated input estimates, enhancements, and a more robust execution model Execution Model - 8% Updated to reflect an EPCM delivery model Includes inflation adjustment during execution period . Input Costs 7% Commodity price increases (steel, copper, cement, etc.) Labor cost increases Scope Enhancements - 5% . Water management Water treatment plant Diversions & spillways Treated water re-injection Foreign Exchange - 3% Strengthening of the Euro between development of PFS and FS $900 $800 689 $700 $600 $500 $400 $300 $200 $100 33 51 53 $0 PFS Execution Model Input Costs (2018 as presented) eldorado gold 19 845 Scope Enhancements FX Initial Capital Costs External Internal 42#44Future Cash Flow Opportunities • . • Retained Exposure to Tocantinzinho (TZ) Project $ G Mining Ventures (Tocantinzinho) ~18% equity ownership of G Mining GMIN-TSXV market cap is ~C$639M (Jan. 2, 2024) Deferred cash payment to Eldorado of $60M will be paid on the first anniversary of TZ commercial production G Mining has the option to defer 50% (at a cost of $5M), in which case $30M is payable on the 1st anniversary of TZ commercial production, and $35M is payable on the 2nd anniversary Project remains on track and on budget for commercial production in H2 2024 Total project is 71% complete (2) • • TZ Feasibility Study (1) Highlights After-tax NPV 5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price LOM of 10.5 years with average annual gold production of 174,700 ounces at AISC of $681/oz Initial capital cost of $458 million Itaituba Santarem Tocantinzinho Project Pará, Brazil Tocantinzinho Mining Claims Highway Belem Braganca Breves Tucurui Maraba TOCANTINZINHO PROJECT Abaetetub Construction is 67% complete (2) eldorado gold Jacareacanga Source: G Mining Ventures VRIFY: LINK (1) G Mining Ventures Corp. published a Feasibility Study for the TZ Project on February 9, 2022 (LINK) (2) As per G Mining Ventures Corp. investor presentation dated December 2023 (LINK) 163) Conceicao do Araguaia 0 100 200 300 WGS 84, Mercator 43#452022 Exploration Performance 2022 Exploration and evaluation spending was $37 million (52% expensed, 48% capitalized) Canada ~113,000 metres drilled in 2022 Upper and Lower Triangle: Underground and surface drilling tested extensions of C2 and C4 zones. Resource conversion drilling started on C7 zone Country Spending Breakdown 25% • Ormaque: Resource conversion 65% started in H2 2022 from exploration drift, and surface drilling tested eastern extensions of the deposit as well as at depth 10% Near-mine and district exploration programs eldorado gold • • Türkiye ~84,000 metres drilled in 2022 Efemçukuru: Resource expansion and conversion targeting the Bati and Kokarpinar vein systems Regional programs at the Atalan and Emirdag projects Greece ~16,000 metres drilled in 2022 Olympias: Targeted extensions to the Flats, East, and North ore zones Stratoni: Surface drilling tested areas downdip and to the west of the current mining area 44#46Growth Will Focus on Low-Cost, Long-Life Assets Skouries and Perama Hill development projects are low-cost, long-life assets Life of Mine(2) Skouries (4) 25 20 20 Kışladağ Olympias 15 Lamaque 10 Perama Hill(5) 5 0 -$600 -$400 -$200 $0 Development $200 $400 $600 Cash Operating Costs / oz (1)(3) Efemçukuru $800 $1,000 $1,200 $1,400 These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Life of Mine based on Sept 30, 2022 Reserves. Lamaque and Olympias include Resources in the Life of Mine plan. Cash Operating Costs per ounce sold and Production based on 2023 guidance (mid-point), unless otherwise noted. Indicative operating data based on Skouries Technical Report dated January 22, 2022. (5) Indicative operating data based on Perama Hill Technical Report dated January 2010. Producing (1) (2) eldorado gold (3) (4) 445#47Sustainability Framework • • • • Sustainability framework articulates four key commitments highlighting our commitment to ESG Safe, Inclusive and Innovative Operations Focused on workforce health and safety engagement Mitigating risk by implementing dry-stack tailings Achievement of gender parity on the Board and committed to 30% women senior management by 2023 Responsibly Produced Products Completed Year 3 external assurance of conformance with the World Gold Council's ("WGC") Responsible Gold Mining Principles Producer of conflict-free gold as per WGC's standard International Cyanide Management Code audit conducted at Kışladağ, achieving recertification in 2023 eldorado gold Healthy Environments Now & The Future Implementing Energy & Carbon Management System to drive energy efficiency and GHG emissions mitigation performance globally 25 hectares of land rehabilitated in 2022 Engaged & Prosperous Communities $2.75 million invested in communities in 2022, with over 60% focused on building capacity to support the needs of current and post-mining communities needs through education, infrastructure and economic development Payments to in-country suppliers accounted for over $583M, or 85% of total supplier spending in 2022 46#48Inclusive Diversity Committed to fostering safe and inclusive workplaces that value diversity, personal growth and innovation • • • • • Global Initiatives Sponsor of Artemis Project, International Women in Mining Participant of the Bloomberg Gender-Equality Index Global Employee Listening Strategy: 2023 Engagement Survey found top strengths in role clarity (92% favorable), work contribution towards company goals (88% favorable) and flexibility for time-away (84% favorable) Inaugural global gender pay equity review was completed in 2022, with remediation to close gaps(1). • Recently introduced a global Respectful Workplace Policy and contributed to industry level standard development through MAC TSM Protocols on Safe and Respectful Workplace and Equity, Diversity, & Inclusion Corporate Initiatives Robust Diversity Policy with aspirational targets well underway at senior levels (5 women executives) and gender parity already achieved at Board- level Training offered on Microaggressions and Respectful Workplaces Scholarship for Women in Mining Engineering with the University of British Columbia • • . Operating Sites Greece: Committed to Gender Equality in Greece as evidenced through achievement of the 2022 Share Equality Label award. Québec: • • . Two women Chilean engineers joined Eldorado Gold - Quebec through Artemis Project Research project on integration and retention of members of the Anicinapek communities (Université du Québec A-T), and student recruitment (Fall 2023) Training on the culture of the Anicinapek communities Partnership with Women in Mining Abitibi on their new mentoring platform Türkiye: Breaking New Ground on Gender Equality • . Work-Life SHARE Balance Defying traditional gender stereotypes for certain roles in mining Programs in place to support women entrepreneurs in rural development Bloomberg Gender Reporting Framework 2023 Women Artemis IWIM Mining eldorado gold (1) An adjusted pay gap is the difference between men and women pay, once explainable factors are accounted for (e.g., job level, experience, performance, and market competitiveness). BRITISH COLUMBIA 47#49Climate Change Strategy Mitigate GHG emissions by an amount equal to 30% of our 2020 baseline by 2030, on a "business-as-usual” basis(1) . • GHG Emissions Mitigation Target Leverages Eldorado's low emissions intensity (2) Supports alignment with Eldorado's SIMS, and commitments to the RGMPS, TSM and the TCFD Will be continually reassessed, pending further • opportunities for energy use and GHG emissions reduction Opportunities under investigation include access to cleaner energy and electricity, fleet decarbonization, and onsite renewable electricity generation Did you know? The Lamaque mine in Québec is powered exclusively by nearly emissions-free hydroelectricity, which helps to make it among the lowest GHG intensity gold mines in the world. Capitalize on Eldorado's lower emissions intensity relative to industry peers, further reduce our carbon footprint, and ensure business resilience in response to climate change. REDUCE CARBON FOOTPRINT Implement an Energy and Carbon Management System (ECMS) at all operations Establish energy and GHG emission reduction targets to drive continuous improvement Drive efficiencies through technology and process improvements in a phased approach Create a culture of energy and climate responsibility through leadership, awareness, effective governance and recognition Q INTEGRATE CARBON IN DECISION MAKING Include carbon and energy considerations in stage- gate decision making within the Eldorado Corporate Investment Framework Apply a shadow price on carbon within project evaluations and annual budgeting Integrate carbon considerations into procurement criteria and decisions SUPPORT THE LOW- CARBON TRANSITION Seek to replace fossil fuel energy sources with low- carbon energy supplies (renewables) where feasible Seek to introduce electrification and low- carbon processes and technologies where feasible Climate Change & GHG Emissions Report (LINK) MANAGE CLIMATE RISKS Regularly assess materiality of climate risks and opportunities to the business using recognized approaches Model physical impacts of climate change on our assets and regions where we operate to inform planning and decision making ENHANCE RESILIENCE Develop climate change adaptation models and tools to prepare for anticipated climate changes and ensure business resilience As part of community investment, work in partnership with local and regional governments to understand and adapt to the impacts of climate change eldorado gold (1) In a "business as usual" scenario, action is not taken to reduce emissions. Target applies to operating mines during the baseline year (Lamaque, Kışladağ, Efemçukuru, Olympias and Stratoni). 48 0.44 tCO2e/oz Au average Scope 1 and Scope 2 GHG emissions intensity.#50Greece: Foreign Direct Investment . 5000 FDI into Greece is at a record high level under New Democracy Government $ Net FDI Inflows in Greece Record levels of FDI inflows in Greece signal upward trajectory of Greek economy and successful effort in recent years to attract FDI into Greece New Democracy Elected mid-2019 4,846* 4,484 • $ Recent Examples of FDI in Greece Lamda Development (former airport at Ellinikon) plans to invest €8 billion which is expected to be the largest private investment ever to be made in Greece Microsoft plans to invest €1 billion Net FDI Inflows in Greece (M €) 4000 3,364 3,085 3000 2,813* 2,498 2,122 2,022 2000 1,354 1,143 822 1000 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 eldorado gold *Preliminary Data; Source: Bank of Greece • Italgas plans to invest €733 million Pfizer plans to invest €600 million • Amazon Web Services plans to invest €150- €200 million 49 49#51World Gold Council: Gold 247 WORLD GOLD COUNCIL What is Gold 247? The World Gold Council's strategic vision for transforming the global gold market and elevating gold into the mainstream of financial markets. The initiative will ultimately enable greater participation, increase trust and unlock greater demand. Gold 247 Gold 247 Initiatives Why now? Gold has a systemic role in the world's economy - as an investment, a reserve asset, a source of employment and more. The way gold is traded and supply chain management needs to modernise so the industry continues to meet the expectations of all end-users and stakeholders. Gold Bar Integrity Programme WGC/LBMA pilot ⚫ Distributed ledger (blockchain) technology • Foundation for a more accessible and fungible market • Accessible to all Enabling a digital transformation Removing barriers and establishing modern market infrastructure ⚫ Essential to modernise and improve accessibility Fully fungible • Addresses barriers to trading gold across markets • Intent is to establish a global standard In time, this will allow gold to be effectively traded as a digital asset eldorado gold 50 50#52Financial Results ($ millions unless otherwise noted) Operating Metrics Realized Gold Price ($/oz) Gold produced (oz) AISC(1) ($/oz sold) Income Metrics Revenue Production costs Net earnings (loss) for the period (2) Adjusted EBITDA(1) Adjusted net earnings (loss) (1)(3) Adjusted net earnings (loss) per share (1)(3) Q3 2023 YTD 2023 2022 2021 2020 1,879 1,920 1,787 1,781 121,030 341,973 453,916 475,850 1,783 528,874 1,177 1,225 1,276 1,068 921 245.3 704.5 872.0 940.9 1,026.7 115.9 344.2 459.6 449.7 445.2 (6.6) 14.4 (49.2) 20.9 131.1 108.7 316.1 321.5 448.1 537.2 35.0 61.4 10.1 129.5 194.3 0.17 0.32 0.05 0.72 1.14 Cash Flow Metrics Net cash generated from operating activities 108.1 223.3 211.2 366.7 471.8 Cash flow from operating activities before changes in working capital (1)(3) 97.5 273.1 239.5 376.5 438.5 Capital Expenditures (4)(6) 91.1 273.9 289.9 282.1 188.9 Free cash flow (1) (19.3) (76.4) (104.5) 63.3 268.7 Free cash flow excluding Skouries (1) 30.0 22.8 Cash and cash equivalents and term deposits 476.6 476.6 314.7 481.3 511.0 eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. (2) From continuing operations, attributable to shareholders of the Company. (3) Attributable to shareholders of the Company. (4) Cash used to purchase property, plant and equipment. (5) Inclusive of discontinued operations. (6) Exclusive of discontinued operations. 51#53Historical Operating Results - Kışladağ (1) Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Operating Data (2) Tonnes placed on pad Head grade (g/t Au) Gold ounces produced 3,620,640 3,029,900 3,134,713 3,248,748 0.85 0.76 0.70 0.82 3,045,851 0.72 2,913,262 0.76 37,219 34,180 37,160 40,307 37,741 27,973 Gold ounces sold 38,732 32,280 37,393 39,833 37,721 26,881 Cash operating costs (1) ($/oz sold) $622 $687 $708 $709 $752 $798 All-in sustaining costs (¹) ($/oz sold) $884 $937 $875 $884 $993 $1,090 Financial Data (millions) Revenue Production costs $75.2 $64.7 $72.1 $69.9 $65.7 $51.0 $28.6 $27.5 $30.5 $32.2 $32.7 $25.1 Depreciation and depletion(2) Earnings from mine operations (2) Growth capital expenditures (1) Sustaining capital expenditures(1) $19.4 $18.1 $20.9 $21.9 $21.6 $15.5 $27.1 $19.1 $20.7 $15.9 $11.4 $10.4 $18.6 $18.7 $18.6 $21.2 $17.6 $23.7 $5.5 $2.8 $2.2 $3.0 $4.8 $4.3 (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. eldorado gold 52#54Historical Operating Results - Lamaque (1) Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Operating Data Tonnes milled Head grade (g/t Au) Average recovery rate 198,430 192,087 199,656 221,232 184,599 225,107 7.04 6.43 6.06 7.41 7.28 6.63 97.6% 97.5% 97.4% 97.5% 98.2% 97.8% Gold ounces produced 43,821 38,745 37,884 51,349 42,454 46,917 Gold ounces sold 40,908 39,904 38,643 51,244 42,385 45,655 Cash operating costs (1) ($/oz sold) $624 $676 $721 $541 $650 $657 All-in sustaining costs (1) ($/oz sold) $1,099 $1,117 $1,217 $925 $1,106 $985 Financial Data (millions) Revenue Production costs Depreciation and depletion $79.1 $78.6 $73.6 $90.0 $73.1 $85.0 $26.9 $28.3 $29.2 $29.2 $28.8 $31.5 $18.2 $19.0 $18.6 $20.2 $16.8 $18.8 Earnings from mine operations $34.0 $31.4 $25.9 $40.5 $27.5 $34.6 Growth capital expenditures(1) $8.5 $4.9 $2.7 $1.8 $1.5 $0.9 Sustaining capital expenditures(1) $18.0 $16.2 $17.8 $18.1 $18.2 $13.5 eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. 53#55Historical Operating Results - Efemçukuru (1)(2) Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Operating Data Tonnes milled 138,045 138,159 132,898 136,840 139,203 136,513 Head grade (g/t Au) 5.46 5.85 5.45 5.63 5.74 5.96 Average recovery rate (to concentrate) 93.2% 92.9% 92.9% 93.6% 94.1% 93.3% Gold ounces produced (2) 21,142 22,644 19,928 21,362 22,473 22,793 Gold ounces sold 21,634 22,466 19,751 21,486 22,488 23,428 Cash operating costs (1) ($/oz sold) $817 $697 $869 $738 $709 $706 All-in sustaining costs (1) ($/oz sold) $1,205 $1,111 $1,094 $1,138 $1,039 $1,180 Financial Data (millions) Revenue $39.1 $44.1 $40.7 $38.4 $34.3 $41.4 Production costs $20.6 $20.4 $17.7 $17.9 $17.7 $20.6 Depreciation and depletion $10.7 $10.6 $10.0 $10.5 $11.2 $11.1 Earnings from mine operations $7.7 $13.1 $13.0 $10.0 $5.4 $9.7 Growth capital expenditures (1) $1.1 $1.6 $1.9 $1.4 $3.9 Sustaining capital expenditures (1) $3.7 $3.7 $2.2 $5.3 $4.1 $5.9 eldorado gold (1) (2) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Payable metal produced. 54#56Historical Operating Results - Olympias (1) (2) (1)(2) Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Operating Data Tonnes milled Head grade (g/t Au) 124,705 110,140 104,382 101,430 102,608 105,860 8.33 7.31 9.13 8.59 8.80 8.15 Gold average recovery rate (to concentrate) 83.8% 83.0% 84.8% 81.5% 83.4% 84.6% Gold ounces produced (2) 18,848 13,866 16,537 15,435 16,122 15,779 Gold ounces sold 18,196 15,484 14,030 19,899 15,794 11,667 Silver ounces produced (2) 407,918 340,714 313,286 273,483 270,794 303,164 Lead tonnes produced (2) 3,649 3,079 2,530 2,594 2,622 2,913 Zinc tonnes produced (2) 3,776 3,767 3,080 2,700 2,879 3,043 Cash operating costs (¹) ($/oz sold) $885 $1,439 $992 $1,325 $1,466 $1,446 All-in sustaining costs (1) ($/oz sold) $1,319 $2,036 $1,532 $1,998 $2,070 $2,346 Financial Data (millions) Revenue Production costs Depreciation and depletion $51.9 $42.4 $43.0 $47.9 $44.6 $36.3 $39.8 $40.8 $33.8 $42.9 $44.3 $32.1 $14.6 $16.4 $13.0 $13.1 $16.2 $10.1 ($2.5) ($14.8) ($3.8) ($8.0) ($15.9) ($5.9) $0.9 $3.7 ($0.3) $1.5 $1.2 $1.7 $4.7 $3.4 $3.7 $10.5 $5.7 $8.5 Earnings (loss) from mining operations Growth capital expenditures(1) Sustaining capital expenditures (1) eldorado gold (1) (2) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. Payable metal produced. 55 55#57Mineral Reserves (Gold, Silver) as of September 30, 2023 Project Proven Mineral Reserves Probable Mineral Reserves Total Proven and Probable Tonnes Au Contained Au Tonnes Au Gold (x1000) g/t ounces (x1000) (x1000) g/t Contained Au ounces (x1000) Tonnes Au Contained Au (x1000) g/t ounces (x1000) Efemcukuru 1,290 5.18 215 2,082 5.01 335 3,372 5.08 550 Kisladag 163,085 0.68 3,543 13,491 0.50 216 176,576 0.67 3,759 Lamaque Complex 1,033 6.07 202 3,422 6.14 675 4,454 6.12 877 Olympias 2,354 8.88 672 6,502 5.91 1,235 8,856 6.70 1,907 Perama Hill 3,116 4.08 409 7,176 2.54 586 10,292 3.01 995 Skouries 73,101 0.87 2,053 74,015 0.66 1,576 147,116 0.77 3,630 TOTAL GOLD 243,978 0.90 7,093 106,687 1.35 4,624 350,665 1.04 11,717 Silver Tonnes Ag Contained Ag Tonnes Ag Contained Ag Tonnes Ag Contained Ag (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) Olympias 2,354 Perama Hill 3,116 TOTAL SILVER 5,470 2255 126 9,568 6,502 126 26,242 8,856 126 35,810 4.0 403 7,176 5.4 1,237 10,292 5.0 1,639 57 9,971 13,678 62 27,479 19,148 61 37,450 eldorado gold 56#58Mineral Reserves (Copper, Lead, Zinc) as of September 30, 2023 Project Proven Mineral Reserves Probable Mineral Reserves Total Proven and Probable COPPER Tonnes Cu (x1000) % Contained Cu tonnes (x1000) Tonnes Cu (x1000) % Contained Cu tonnes (x1000) Tonnes Cu (x1000) % Contained Cu tonnes (x1000) Skouries 73,101 0.52 381 74,015 0.48 359 147,116 0.50 740 TOTAL COPPER 73,101 0.52 381 74,015 0.48 359 147,116 0.50 740 LEAD Tonnes Pb Contained Pb Tonnes Pb Contained Pb Tonnes Pb Contained Pb (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) Olympias 2,354 4.0 94 6,502 4.3 280 8,856 4.2 374 TOTAL LEAD 2,354 4.0 94 6,502 4.3 280 8,856 4.2 374 Zn ZINC Tonnes Contained Zn Tonnes Zn Contained Zn Tonnes Zn (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % Contained Zn tonnes (x1000) Olympias 2,354 4.7 111 6,502 5.5 357 8,856 5.3 468 TOTAL ZINC 2,354 4.7 111 6,502 5.5 357 8,856 5.3 468 eldorado gold 57#59Mineral Resources (Gold, Silver) as of September 30, 2023(1) Project Measured Resources Indicated Resources Total Measured and Indicated Inferred Resources GOLD Tonnes Au Contained Au Contained Tonnes Au Au Tonnes Au (x1000) g/t ounces (x1000) g/t ounces (x1000) g/t Contained Au ounces Contained Tonnes Au (x1000) g/t Au ounces (x1000) (x1000) (x1000) (x1000) Certej 29,300 1.73 1,626 58,653 1.17 2,203 87,953 1.35 3,829 842 0.86 23 Efemcukuru 1,588 7.15 365 3,991 6.51 835 5,580 6.69 1,200 1,323 4.13 176 Kisladag 286,037 0.61 5,585 44,280 0.50 705 330,317 0.59 6,290 7,529 0.44 107 Triangle, Plug #4, 1,183 8.12 309 5,627 7.58 1,370 6,810 7.67 1,679 9,728 7.37 2,305 Parallel Ormaque (2) 0 0.00 0.00 309 19.24 191 309 19.24 191 1,869 15.43 927 Lamaque Complex 1,183 8.12 309 5,936 8.19 1,561 7,119 8.17 1,870 11,597 8.67 3,232 Olympias 3,447 10.59 1,174 8,992 7.00 2,024 12,439 8.00 3,198 2,339 7.84 589 Perama Hill 3,093 4.15 412 10,973 2.73 962 14,066 3.04 1,374 1,136 1.63 59 Perama South 0 0.00 0 0 0.00 0 0 0.00 0 14,870 1.52 728 Piavitsa 0 0.00 0 0 0.00 0 0 0.00 0 6,613 4.82 1,025 Sapes 0 0.00 0 0 0.00 0 0 0.00 0 3,434 7.43 820 Skouries 90,714 0.85 2,479 149,260 0.53 TOTAL GOLD 415,362 0.89 11,950 Contained 282,086 1.20 2,551 10,841 Contained 239,974 0.65 697,448 1.02 SILVER Tonnes Ag Ag Tonnes Ag Ag Tonnes Ag (x1000) g/t ounces (x1000) g/t ounces (x1000) g/t 5,030 22,791 Contained Ag ounces 67,657 0.37 814 117,341 2.01 7,574 Contained Tonnes Ag Ag (x1000) g/t ounces (x1000) (x1000) (x1000) (x1000) Certej 29,300 9 8,111 58,653 10 18,103 87,953 9 26,214 842 4 110 Olympias 3,447 152 16,849 8,992 144 41,770 12,439 147 58,619 2,339 179 13,488 Perama Hill 3,093 4 415 10,973 7 2,579 14,066 7 2,994 1,136 2 83 Piavitsa 0 0 0 0 0 0 0 0 0 6,613 54 11,389 Stratoni 0 0 0 TOTAL SILVER 35,840 22 25,375 1,391 80,009 152 27 6,785 69,237 1,391 115,849 152 6,785 1,807 166 9,672 25 94,612 12,737 85 34,742 eldorado gold (1) Resource grades are reported undiluted, however resources assessed for reasonable expectation of economic extraction by applying expected minimum mining shapes. (2) Due to narrow veins, any future potential conversion of Resources to Reserves at Ormaque will reflect expected lower grades to fully represent mining modifying factors. 58#60Mineral Resources (Copper, Lead, Zinc) as of September 30, 2023 Project Measured Resources Indicated Resources Total Measured and Indicated Inferred Resources COPPER Tonnes Cu Contained Cu Contained Contained Tonnes Cu Cu Tonnes Cu Cu Tonnes Cu (x1000) % tonnes (x1000) % tonnes (x1000) % tonnes (x1000) % Contained Cu tonnes (x1000) (x1000) (x1000) (x1000) Skouries 90,714 0.51 466 149,260 0.44 652 239,974 0.47 1,118 67,657 0.40 267 TOTAL COPPER 90,714 0.51 466 149,260 0.44 652 239,974 0.47 1,118 67,657 0.39 267 LEAD Tonnes Pb Contained Pb Tonnes Pb Contained Pb Tonnes Pb Contained Pb Contained Tonnes Pb Pb (x1000) % tonnes (x1000) % tonnes (x1000) % tonnes (x1000) % tonnes (x1000) (x1000) (x1000) (x1000) Olympias 3,447 4.8 167 8,992 4.9 441 12,439 4.9 608 2,339 6.2 146 Stratoni 0 0.0 0 1,391 6.0 84 1,391 6.0 84 1,807 6.9 124 TOTAL LEAD 3,447 4.84 167 10,383 5.1 525 13,830 5.0 692 4,146 6.5 270 Contained Contained Contained Contained ZINC Tonnes Zn Zn Tonnes Zn Zn Tonnes Zn Zn Tonnes Zn Zn (x1000) % tonnes (x1000) % tonnes (x1000) % tonnes (x1000) % tonnes (x1000) (x1000) (x1000) (x1000) Olympias 3,447 5.9 204 8,992 6.6 593 12,439 6.4 797 2,339 6.8 160 Stratoni 0 0.0 0 1,391 8.4 117 1,391 8.4 TOTAL ZINC 3,447 5.9 204 10,383 6.8 710 13,830 6.6 46 117 1,807 8.3 150 914 4,146 7.5 310 eldorado gold 59 59#61Notes on Mineral Resources and Reserves General Mineral Resources and Mineral Reserves are as of September 30, 2023 The Mineral Resources and Mineral Reserves were classified using logic consistent with the CIM Definition Standards for Mineral Resources & Mineral Reserves (2014) incorporated, by reference, into National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Sample preparation, analytical techniques, laboratories used, and quality assurance and quality control protocols used during exploration drilling programs are done consistent with industry standards while independent certified assay labs are used. Mineral Reserves are included in the Mineral Resources. The Mineral Resources and Mineral Reserves are disclosed on a total project basis. Mineral resources which are not mineral reserves do not have demonstrated economic viability. With respect to "inferred mineral resources", there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category. Additional information on the mineral properties mentioned in this news release that are considered to be material mineral properties to the Company are contained in Eldorado's annual information form for the year ended December 31, 2022 and the following technical reports for each of those properties, all of which are available under the Company's profile at www.sedarplus.com and www.sec.gov: . • Technical report entitled "Technical Report, Kisladag Gold Mine, Turkiye" with an effective date of January 17, 2020. Technical report entitled "Technical Report, Efemcukuru Gold Mine, Turkiye" with an effective date of December 31, 2019. Technical report entitled "Technical Report, Olympias Mine, Greece" with an effective date of December 31, 2019. Technical report entitled "Technical Report, Skouries Project, Greece" with an effective date of January 22, 2022. Technical report entitled "Technical Report, for the Lamaque Project, Quebec, Canada" with an effective date of December 31, 2021. Qualified Persons Simon Hille, FAusIMM, Executive Vice President, Technical Services and Operations, is the "qualified person" under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this presentation and verifying the technical data disclosed in this document relating to our operating mines and development projects. Additional qualified persons have approved disclosures for specific properties as detailed in "Mineral Reserve Notes" and "Mineral Resource Notes" below. Jessy Thelland, géo (OGQ No. 758)., Director Technical Services Lamaque, a member in good standing of the Ordre des Géologues du Québec, is the qualified person as defined in NI 43-101 responsible for, and has verified and approved, the scientific and technical disclosure contained in this presentation for the Quebec projects. Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources There are differences between the standards and terms used for reporting mineral reserves and resources in Canada, and in the United States pursuant to the United States Securities and Exchange Commission's (the "SEC"). The terms mineral resource, measured mineral resource, indicated mineral resource and inferred mineral resource are defined by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council, and must be disclosed according to Canadian securities regulations. These standards differ from the requirements of the SEC applicable to domestic United States reporting companies. Accordingly, information contained in this presentation with respect to mineral deposits may not be comparable to similar information made public by United States companies subject to the SEC's reporting and disclosure requirements. 60#62Notes on Mineral Reserves (cont'd) Mineral Reserve Notes Eldorado reports Mineral Reserves in accordance with CIM Definition Standards. Mineral Reserves for the operating sites (Efemcukuru, Kisladag, Olympias, and the Triangle Mine within the Lamaque Complex) were determined using a long-term gold price of $1,400/oz while Mineral Reserves for the Skouries and Perama Hill projects were determined based on a $1,300/oz gold price. A reserve test is undertaken every year to confirm future undiscounted cash flow from reserve mine plan is positive. Long-Term Metal Price Assumptions . Gold price: $1,400/oz Silver price: $19.00/oz • Copper price: $2.75/lb • Lead price: $2,000/t . Zinc price: $2,500/t Cut-off Grades . Efemcukuru: $123.62/t NSR (long hole stoping), $126.60/t NSR (drift and fill); Kisladag: 0.17 g/t Au Recoverable; Lamaque (Triangle Mine): 5.06 g/t Au; Olympias: $217.63/t NSR; Perama Hill: 0.81 g/t Au; Skouries: $10.60/t NSR (open pit), $33.33/t NSR (underground). Qualified Persons: The following persons, all of whom are qualified persons under NI 43-101, are as follows: Asset Efem cukuru Mining Type(s) Underground Qualified Person Kisladag Open Pit Mike Tsafaras, P.Eng., Director, Underground Mine Planning Herb Ley, SME-RM, Senior Project Manager Lamaque Complex Underground Olympias Skouries Skouries Perama Hill Underground Open Pit Underground Open Pit Jessy Thelland, géo (OGQ No. 758)., Technical Services Director Lamaque Victor Vdovin, P.Eng., Head of Technical Services, Kassandra Victor Vdovin, P.Eng., Head of Technical Services, Kassandra Mike Tsafaras, P.Eng., Director, Underground Mine Planning Herb Ley, SME-RM, Senior Project Manager eldorado gold Company Eldorado Gold Stantec Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Stantec 61#63Notes on Mineral Resources (cont'd) Mineral Resource Notes: Eldorado reports Mineral Resources in accordance with CIM Definition Standards. All Mineral Resources are assessed for reasonable prospects for eventual economic extraction (RPEEE). The Resource cut-off grades or values (e.g. gold equivalent) are determined using a long-term gold price ($1,800/oz) and modifying factors derived in the resource to reserve conversion process (or by comparison to similar projects for our resource-only properties). These values are then used to create constraining volumes that provide limits to the reported Resources. Resource grades are reported undiluted from within the constraining volumes that satisfy RPEEE. Due to the presence of narrow veins, any future potential conversion of Resources to Reserves at Ormaque will reflect expected lower grades to fully represent modifying factors associated with mining. Open Pit Resources used pit shells created with the long-term gold price to constrain reportable model blocks. Underground Resources were constrained by volumes whose design was guided by a combination of the reporting cut-off grade or value, contiguous areas of mineralization and mineability. Eldorado's Mineral Resources are inclusive of Reserves. Long-Term Metal Price Assumptions: • Gold price: $1,800/oz • Silver price: $24/oz • . Copper price: $3.25/lb Lead price: $2,200/t Zinc price: $2,800/t Mineral Resource Reporting and demonstration of Reasonable Prospects for Eventual Economic Extraction: The Mineral Resources used a long term look gold metal price of $1,800/oz for the determination of resource cut-off grades or values. This guided execution of the next step where constraining surfaces or volumes were created to control resource reporting. Open pit-only projects (Kisladag, Perama Hill, Perama South, and Certej) used pit shells created with the long-term gold price to constrain reportable model blocks. Underground Resources were constrained by 3D volumes whose design was guided by the reporting cut-off grade or value, contiguous areas of mineralization and mineability. Only material internal to these volumes were eligible for reporting. Projects with both open pit and underground resources have the open pit Resources constrained by either the permit (Skouries), and pit shell, or by an open pit/underground economic crossover surface, and underground Resources constrained by a reporting shape. Cut-off Grades: Certej: 0.60 g/t Au; Efemcukuru: 2.5 g/t Au; Kisladag: 0.25 g/t Au (in-situ); Lamaque (Triangle Mine): 3.0 g/t Au; Ormaque: 3.5 g/t Au; Olympias: $125/t NSR; Perama Hill and Perama South: 0.50 g/t Au; Piavitsa: 4.0 g/t Au; Sapes: 2.5 g/t Au (underground), 1.0 g/t Au (open pit); Skouries: 0.30 g/t Au Equivalent grade (open pit), 0.70 g/t Au Equivalent grade (underground) (=Au g/t + 1.25*Cu%); Stratoni: $200/t NSR. Qualified Persons: The following persons, all of whom are qualified persons under NI 43-101, have approved the disclosure contained within this presentation: Asset Mining Type(s) Efem cukuru Underground Kisladag Open Pit Lamaque Complex Underground Ormaque Olympias Skouries Skouries Perama Hill Perama South Piavitsa Sapes Stratoni Certej Underground Underground Open Pit Underground Open Pit Open Pit Underground Underground and Open Pit Underground Open Pit Qualified Person Ertan Uludag, P.Geo., Manager, Resource Geology Ertan Uludag, P.Geo., Manager, Resource Geology Jessy Thelland, géo (OGQ No. 758)., Technical Services Director Lamaque Jessy Thelland, géo (OGQ No. 758)., Technical Services Director Lamaque Ertan Uludag, P.Geo., Manager, Resource Geology Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Ertan Uludag, P.Geo., Manager, Resource Geology Sean McKinley, P.Geo., Manager, Mine Geology & Reconciliation Company Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold Eldorado Gold#64BA- DAN INAJADA Thank You TSX: ELD NYSE: EGO eldoradogold.com