ELDORADO GOLD CP
			Symbol			EGO

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Eldorado Gold Corporation: Q3, 2009 Financial and Operating Results

2009-10-29 18:54 ET - News Release

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 10/29/09

Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO) -

2009 Production Guidance Remains Intact

Earnings of $0.08 per share; Cash Operating Cost of $297/oz.

(all figures in United States dollars, unless otherwise noted)

Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, ("Eldorado" the "Company" or "we") is pleased to report on the Company's financial and operational results for the third quarter ended September 30, 2009. The Company reported net income of $30.2 million, or $0.08 per share, and cash flow from operations of $27.6 million or $0.07 per share for the third quarter ended September 30, 2009.

"This quarter, we took a major step forward in establishing Eldorado as the world's premier intermediate global gold producer," stated Paul N. Wright, President and Chief Executive Officer of Eldorado. "If accepted by Sino Gold's shareholders, our proposal to acquire all of Sino Gold's issued and outstanding shares will establish us as the leading international gold producer in China and reinforce our position as one the world's lowest cost and highest growth global gold producers."

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