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Message: Efemcukuru North Ore Shoot Drilling Continues to Grow Deposit

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Efemcukuru North Ore Shoot Drilling Continues to Grow Deposit

posted on Jan 06, 09 03:41AM

January 6, 2009

Eldorado Gold Corporation: Efemcukuru North Ore Shoot Drilling Continues to Grow Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2009) - Paul N. Wright, President and CEO of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX:ELD)(NYSE Alternext US:EGO), is pleased to announce results from our first 5 holes testing the North Ore Shoot (NOS) at the Efemcukuru Project in Western Turkey. The program is designed to test the lateral and down plunge extension of this poorly defined third ore shoot in the Efemcukuru system. Drilling is planned to continue throughout the first quarter 2009.

Results are shown in Table 1 and illustrated in a Longitudinal Section. Calculated intervals generally used a 3 g/t gold cut off.

Table 1: EFEMCUKURU NOS DRILL RESULTS
---------------------------------------------------------------------------
---------------------------------------------------------------------------
                         Interval  Estimated True  Gold Grade  Silver Grade
Hole ID   m From   m To         m         Width m         g/t           g/t
---------------------------------------------------------------------------
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KV - 294   140.3  144.2       3.9             2.9         9.7          24.9
KV - 296   168.2  169.6       1.4             1.2        24.6          51.1
KV - 298    98.4  104.6       6.2             5.0         6.7          82.5
KV - 299   129.6  134.0       4.4             4.1        21.1          52.7
KV - 301   155.1  157.4       2.3             2.1        23.1          77.1
---------------------------------------------------------------------------

The positive results show strengthening of the grades and value of the NOS system laterally and at depth. The gold mineralization is consistently associated with high silver values and anomalous base metal concentrations. At present the NOS mineralization is not included in the Efemcukuru Project mining plan.

"These excellent results demonstrate the potential for the North Ore Shoot to contribute to additional reserve growth at Efemcukuru beyond the current 1.2 million ounces," commented Paul Wright, President and CEO.

Stephen Juras, Ph.D., P.Geo., Manager, Geology is the qualified person for the technical disclosure in this press release. Samples are prepared at Eldorado's facility in Turkey and assayed at the ALS facility at Vancouver, Canada. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Higher grade samples (equals 5 g/t) were re-assayed using fire assay with a gravimetric finish. Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data. In addition, about 20% of the samples were re-submitted for duplicate analysis at Assayers Canada laboratory in Vancouver, Canada.

Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, Turkey, China, Greece and the surrounding regions. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.

ON BEHALF OF ELDORADO GOLD CORPORATION

Paul N. Wright, President & Chief Executive Officer

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