Two new drill holes at Eldorado Gold’s White Mountain project have confirmed and expanded a deep mineralized lens first discovered in late 2010. New intercepts include 10 metres at 10.9 grams/tonne gold and 6 metres at 6.6 grams/tonne.

Eldorado is conducting step-out and infill drilling of the main White Mountain deposit from underground stations, and deep drilling from surface to follow up on the discovery of the deeper zone in 2010.

The surface drill holes have confirmed and extended the 2010 intercept of 24.7 metres @ 8.7 grams/tonne. Intercepts in this area outline a new mineralized zone, open along strike to the north and down dip. While the widths of these new intercepts are consistent with the upper portion of the ore body, the grades are significantly higher than the current reserve grade.

At the Xiaoshiren project, 20km southeast of the White Mountain mine, the company has completed 14 diamond drill holes testing three distinct zones of gold mineralization outlined by soil geochemical anomalies, trench exposures of high-grade breccias and boulder trains of high-grade breccia.

Best results are from two of the four drill holes at Zone 4, where elevated gold values are associated with zones of brecciation and silicification. They include 3.2 metres from 93 metres @ 8.0 grams/tonne and 2.2 metres from 41.5 metres @ 3.5 grams/tonne.

Elsewhere in the White Mountain district, three holes have been completed at the Zhenzhumen project southwest of the White Mountain Mine while soil sampling and mapping has been completed at the Dongdapo project in preparation for drilling in 2012.

At the Jinfeng Mine, Eldorado began a 22,000 metre underground exploration drilling program in August and expects to complete the first 12,000 metres by year-end. Objectives of this program are to infill areas of low drill hole density, to confirm a new structural model for the deposit, and to test new exploration targets that are based on this structural model. Initial results confirm the revised structural model, and the company will begin drilling step-out holes and testing new exploration targets in the fourth quarter.

Elsewhere in the Jinfeng District, Eldorado is drill-testing early-stage targets at several exploration licenses held within the Jindu and Jinluo joint venture projects.

At the Tanjianshan project in Qinghai Province, exploration activities include infill drilling of the 323 deposit to support application for a mining licence, and mapping/sampling programs aimed at generating new drilling targets on the four surrounding exploration licenses. About 7000 metres of drilling has been completed to date at the 323 deposit, and initial results confirm continuity of geological features and grade distribution predicted by the preliminary model.

www.eldoradogold.com

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