Mr. George Burns of Eldorado Gold reports

ELDORADO GOLD COMPLETES ACQUISITION OF FORAN MINING

Eldorado Gold Corp. has completed its acquisition of all of the outstanding shares of Foran Mining Corp. pursuant to a plan of arrangement.

"Closing this transaction marks an important milestone for Eldorado," said George Burns, chief executive officer. "The acquisition of Foran enhances our portfolio with the addition of McIlvenna Bay a high-quality, long-life asset in a premier mining jurisdiction, further strengthening the balance and resilience of our existing asset base. McIlvenna Bay also provides Eldorado with additional exposure to copper, a recognized critical mineral and offers exceptional exploration potential, enhancing the long-term growth of our portfolio. We look forward to working alongside the Foran team to advance the McIlvenna Bay project responsibly and deliver sustainable, long-term value for our shareholders and stakeholders."

With Foran now a wholly owned subsidiary of the company, Eldorado intends to delist the Foran shares from the Toronto Stock Exchange and OTCQX as soon as practicable. Eldorado also intends to submit an application to the applicable securities regulators to have Foran cease to be a reporting issuer and terminate its public reporting obligations under Canadian securities laws.

Information for former Foran shareholders

In order to receive the transaction consideration in exchange for their Foran shares, registered shareholders of Foran must complete, sign, date and return the letter of transmittal that was mailed to each registered Foran shareholder prior to the effective time. The letter of transmittal is also available under Foran's profile on SEDAR+.

For those shareholders of Foran whose Foran shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Foran shares and should follow the instructions of such intermediary or nominee.

Additional information

Full details of the arrangement are set out in the joint management information circular of Eldorado and Foran dated March 11, 2026, prepared in connection with the special meetings of Eldorado and Foran held separately on April 7, 2026, and filed on SEDAR+.

About Eldorado Gold Corp.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Turkey. Eldorado 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 (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

About the McIlvenna Bay project

The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and exploration activities of Foran, and hosts the McIlvenna Bay deposit and Tesla zone.

The McIlvenna Bay deposit is a copper-zinc-gold-silver-rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay property sits just 65 kilometres west of Flin Flon, Man., and is part of the world-class Flin Flon greenstone belt that extends from Snow Lake, Man., through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km.

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