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Eldorado Announces Appointments to Board and Management.



VANCOUVER, British Columbia -- Eldorado Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:ELD)(AMEX AMEX

See: American Stock Exchange
:EGO) ("Eldorado" the "Company" or "we") is pleased to announce the appointments of Donald M. Shumka to the Board of Directors of the Company; Norman Pitcher, PGeo as Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
; and Stephen J. Juras, P.Geo as Manager of Geology.

Mr. Donald Shumka's appointment to the Eldorado Board of Directors was effective May 3, 2005. Donald Shumka is President and Managing Director of Walden Management Ltd. providing financial consulting and advisory services to financial, manufacturing and processing industries. Donald holds an MBA from Harvard University and a BA from the University of British Columbia Locations
Vancouver
The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7.
. His extensive experience includes 15 years in the investment banking industry with Raymond James Ltd. and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities.  and 25 years experience in the forest industry with 10 years as Vice President Finance and Chief Financial Officer of West Fraser Timber West Fraser Timber Co. Ltd. TSX: WFT is an Canadian forestry company based in Quesnel, British Columbia. In 2006 it became the second largest lumber producer in North America. External links
  • Company web site
 Co. Ltd. Donald's knowledge and expertise will complement the current skill sets of our Board.

Mr. Norman Pitcher is appointed Chief Operating Officer effective July 1, 2005. Prior to becoming COO, he was Vice President Exploration and Corporate Development of Eldorado where he led our exploration activities and identified new business opportunities. Norm holds a BSc in Geology from the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service.  and has more than 25 years of experience in the mining industry. Throughout his career he has been involved in the exploration, evaluation and exploitation of open pit and underground mineral deposits on an international scale.

Mr. Stephen Juras is appointed Manager of Geology effective July 15, 2005. Prior to joining Eldorado he was the Chief Geologist with AMEC AMEC African Methodist Episcopal Church
AMEC Agent Mediated Electronic Commerce
AMEC Arctic Military Environmental Cooperation
AMEC Advanced Micro-Fabrication Equipment Inc
AMEC Association of Media Evaluation Companies
 Americas. Stephen holds a BSc from the University of Manitoba Location
The main Fort Garry campus is a complex on the Red River in south Winnipeg. It has an area of 2.74 square kilometres. More than 60 major buildings support the teaching and research programs of the university.
, a MSc from the University of New Brunswick The University of New Brunswick (UNB) is a Canadian university located in the province of New Brunswick. The university has two main campuses: the principal campus founded in 1785 in Fredericton and a smaller campus which was opened in Saint John in 1964.  and a PhD in geology from the University of British Columbia. His 28 years of international experience in consulting and operations will greatly enhance our operational team.

"We are extremely pleased with the announced appointments and the resultant strengthening of our Board and Management. These appointments are consistent with the Company's stated intention to successfully grow as an international gold mining company," said Paul N. Wright, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Eldorado Gold Corporation.

Eldorado Gold Corporation is a gold producing and exploration company actively growing businesses in Brazil, Turkey and China. 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 and Chief Executive Officer

Certain of the statements made in this release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the anticipated benefits of the proposed business combination, estimates relating to mineral reserves, future gold production and mine life, and other statements regarding future events on the Company's properties, or otherwise relating to the Company. Forward-looking statements are subject to a variety of risks and uncertainties including but not limited to gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled "Business - Risk Factors" in the Company's Annual Information Form and Form 40F dated March 30 ,2005 for the fiscal year ended December 31, 2004. We do not expect to update forward-looking statements 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 U.S.

Eldorado Gold Corporation's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 (TSX:ELD) and the American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
 (AMEX:EGO).

Request for information packages: info@eldoradogold.com

The TSX has neither approved nor disapproved the form or content of this release.

Eldorado Gold Corporation (TSX:ELD) (AMEX:EGO)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Geographic Code:1CANA
Date:Jun 29, 2005
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