Mr. George Burns reports

ELDORADO GOLD PUBLISHES 2022 SUSTAINABILITY REPORT; FURTHER ADVANCING STRATEGY INTO ACTION

Eldorado Gold Corp. has published its 2022 sustainability report, which provides details of the company's environmental, social and governance (ESG) performance over the past year. The report is available on Eldorado Gold's website. All financial figures stated within this release are in United States dollars unless otherwise stated.

"At Eldorado, sustainability is core to who we are and is considered in everything we do, from exploration to closure, as we continue to break new ground and deliver lasting positive impacts," said George Burns, Eldorado's president and chief executive officer. "The 11th annual sustainability report published today summarizes our performance across our global sites and focuses on our four producing mines in Canada, Turkiye and Greece -- Lamaque, Klsladag, Efemcukuru and Olympias.

"In 2022, we further advanced our sustainability strategy across the global sites. Notably, at Lamaque, we conducted our first ever sustainability integrated management system compliance verification. Additionally, during the year we completed the rollout of our respectful workplace policy at all our operations, which articulates Eldorado's commitment to physically and psychologically safe work environments free from harassment, discrimination and workplace violence.

"We also celebrated Eldorado's 30th anniversary in 2022, growing from a single mining project to the global company we are today, all while maintaining a strong health, safety and environmental track record. As we look forward, we will continue to build on our solid foundation, learning from our collective experience to elevate, innovate and deliver better sustainable mining practices," concluded George Burns.

2022 report highlights and achievements:

(organized by the four pillars of the company's sustainability framework):

Safe, inclusive and innovative operations

• Exceeded aspirational target as set in Eldorado's diversity policy for board of directors composition, with females representing 56 per cent and other designated groups representing 11 per cent of the directors.
• Adopted a global respectful workplace policy outlining Eldorado's commitments and expectations for a physically and psychologically safe work environment free from harassment, discrimination and workplace violence.
• Had zero lost-time injuries at three of the company's global operations -- Klsladag, Efemcukuru and Lamaque.
• Achieved the target to reduce total recordable injury frequency rate by 10 per cent from 2021.

Engaged and prosperous communities

• Committed to local employment and procurement:
  • Maintained over 80-per-cent employment from the local communities surrounding Eldorado's global operations and 99-per-cent employment from the countries in which the company operates.
  • Paid over $583-million to domestic suppliers.
• Made $2.75-million in community investments, with over 60 per cent focused on building human and institutional capacity to support current and postmining communities needs through education, infrastructure and economic development.
• Had zero major community or human rights incidents.

Responsibly produced products

• Recognized as one of Canada's Best 50 Corporate Citizens by Corporate Knights.
• Completed Eldorado's first sustainability integrated management system (SIMS) compliance verification at Lamaque, receiving third party verification of:
  • Mining Association of Canada -- Towards Sustainable Mining (MAC-TSM) minimum Level A, or "yes" results across all performance indicators.
  • Assurance of conformance to Responsible Gold Mining Principals (RGMPs) year 2 requirements.

Healthy environments now and for the future

• Achieved Level AAA at Lamaque on the MAC-TSM Biodiversity Conservation Management, Water Stewardship and Tailings Management Protocols, based on a verified assessment.
• Had zero major environmental incidents and no significant spills across Eldorado's global sites.
• Continued to implement Eldorado Gold's climate change strategy -- in support of the company's target to mitigate greenhouse gas (GHG) emissions by 30 per cent by 2030, from 2020 levels, on a business-as-usual basis:
  • Progressed the development of the GHG mitigation pathway toward the target.
• Maintained an average Scope 1 and Scope 2 GHG emissions intensity of 0.44 tonnes of CO2 equivalent per ounce of gold.

The sustainability report, now in its 11th year, has been produced with reference to the Global Reporting Initiative (GRI) Universal Standards, and supports the company's communication on progress for the United Nations Global Compact in support of the sustainable development Goals. The company has also aligned its disclosures with the Sustainability Accounting Standards Board (SASB) -- Metals & Mining Standard and the UN Guiding Principles Reporting Framework.

Feedback

The company welcomes feedback from all stakeholders regarding its sustainability reporting. Please direct comments or requests for further information to investor relations.

About Eldorado Gold Corp.

Eldorado is a gold and base metal producer with mining, development and exploration operations in Turkey, Canada and Greece. The company has a highly skilled and dedicated work force, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (ELD) and the New York Stock Exchange (EGO).

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