Eldorado Gold to De-List from Australian Securities Exchange

Eldorado Gold Corporation today confirmed its intention to be removed from the official list of the Australian Securities Exchange effectpermanent magnetic separator for iron oreive at the close of trading on August 31, 2012. Eldorado had previously announced on February 24, 2012 that it intended to de-list from the ASX.

Eldorado was admitted to the official list of the ASX on December 4, 2009, following the successful acquisition of Sino Gold Mining Limited by way of scheme of arrangement (Scheme). Only Eldorado common shares represented by Chess Depository Interests (CDIs) are quoted on the ASX. At the time of listing on the ASX the CDIs represented approximately 21.56% of Eldorado's issued share capital.

Since listing, increasing numbers of CDI holders have sought to convert their CDIs to common shares. CDIs now only represent approximately 1% of Eldorado's issued share capital.

Eldorado's decision to de-list is a result of: the low level of CDIs representing Eldorado common shares now quoted on the ASX compared to Eldorado's current issued share capital and the low level of trading on the ASX compared to the TSX and the NYSE. Eldorado has concluded that the financial, administrative, and compliance obligations of maintaining the listing are no longer justified.

The de-listing of Eldorado from the ASX is not expected to have any material impact on Eldorado's financial position and operating results.

Following the de-listing, Eldorado common shares will continue to trade on the TSX and the NYSE.

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