Perama Hill Project Overview

Notes 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 Mining Type(s) Qualified Person Efem cukuru Kisladag Underground 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

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