Eldorado Gold Corporation
AMEX : EGO
TSX : ELD

Eldorado Gold Corporation

November 08, 2005 09:00 ET

Eldorado Provides Additional Positive Assay Results from Tanjianshan Project China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - Eldorado Gold Corporation (TSX:ELD)(AMEX:EGO) ("Eldorado" the "Company" or "we") is pleased to announce additional results of the 2005 drill campaign at our Tanjianshan Project ("TJS Project") in Qinghai Province, China. The TJS Project currently consists of two deposits, Jinlonggou ("JLG") and Qinlongtan ("QLT"), and is under construction ahead of planned mining in 2006.

The results augment the information released September 26, 2005 (ELD No. 05-15). These data are part of the 52 drill hole program completed at JLG which successfully tested an updated geological interpretation of the area structures and mineralized horizons that connect JLG (main zone) to the adjacent prospects of M7 - Pubugou (see Figure 1 for hole locations). The drilling also successfully infilled gaps in the drill coverage within the existing JLG pit outline (see Figure 2).

Drilling comprised HQ size core and utilized 3 Chinese contractor drill rigs.

The following table (Table 1) shows the results from 34 additional holes from the JLG campaign. Please note that the reported assayed intervals are approximately equal to interpreted true widths for the mineralization.



Table 1: Additional Drill Results - Jinlonggou

---------------------------------------------------------------
Hole Number From (m) To (m) Interval (m) Au g/t
---------------------------------------------------------------
---------------------------------------------------------------
JD160 33.60 34.60 1.00 4.04
---------------------------------------------------------------
---------------------------------------------------------------
JD161 28.90 37.37 8.47 8.56
---------------------------------------------------------------
Including 30.90 32.00 1.10 31.90
---------------------------------------------------------------
54.94 56.90 1.96 5.11
---------------------------------------------------------------
62.00 63.00 1.00 6.44
---------------------------------------------------------------
---------------------------------------------------------------
JD162 87.70 92.30 4.60 11.17
---------------------------------------------------------------
Including 90.42 91.30 0.88 32.10
---------------------------------------------------------------
122.80 124.80 2.00 3.88
---------------------------------------------------------------
JD163 44.82 46.12 1.30 3.58
---------------------------------------------------------------
---------------------------------------------------------------
JD164 90.15 94.15 4.00 6.88
---------------------------------------------------------------
113.54 116.50 2.96 14.55
---------------------------------------------------------------
Including 115.50 116.50 1.00 22.50
---------------------------------------------------------------
---------------------------------------------------------------
JD165 56.70 60.95 4.25 3.28
---------------------------------------------------------------
---------------------------------------------------------------
JD166 74.25 77.25 3.00 12.47
---------------------------------------------------------------
Including 75.25 76.25 1.00 23.80
---------------------------------------------------------------
131.40 133.40 2.00 4.33
---------------------------------------------------------------
---------------------------------------------------------------
JD167 27.50 28.50 1.00 2.05
---------------------------------------------------------------
---------------------------------------------------------------
JD168 11.60 12.76 1.16 3.73
---------------------------------------------------------------
17.97 18.97 1.00 2.36
---------------------------------------------------------------
---------------------------------------------------------------
JD169 14.30 21.30 7.00 7.00
---------------------------------------------------------------
35.40 40.00 4.50 5.57
---------------------------------------------------------------
Including 36.50 37.50 1.00 14.20
---------------------------------------------------------------
57.00 59.20 2.20 2.30
---------------------------------------------------------------
71.00 72.00 1.00 6.87
---------------------------------------------------------------
---------------------------------------------------------------
JD170 31.80 32.55 0.75 1.29
---------------------------------------------------------------
---------------------------------------------------------------
JD171 34.80 37.40 2.60 4.72
---------------------------------------------------------------
---------------------------------------------------------------
JD172 1.50 4.17 2.67 1.47
---------------------------------------------------------------
---------------------------------------------------------------
JD173 69.10 71.60 2.50 4.13
---------------------------------------------------------------
Including 70.35 70.60 0.25 15.90
---------------------------------------------------------------
---------------------------------------------------------------
JD174 1.30 2.45 1.15 20.20
---------------------------------------------------------------
---------------------------------------------------------------
JD175 17.80 19.80 2.00 2.18
---------------------------------------------------------------
31.00 34.00 3.00 1.66
---------------------------------------------------------------
41.60 49.30 7.70 2.57
---------------------------------------------------------------
---------------------------------------------------------------
JD176 10.70 13.60 2.90 2.71
---------------------------------------------------------------
---------------------------------------------------------------
JD177 75.20 77.20 2.00 1.79
---------------------------------------------------------------
---------------------------------------------------------------
JD178 61.00 62.10 1.10 23.10
---------------------------------------------------------------
---------------------------------------------------------------
JD179 119.00 122.30 3.30 5.52
---------------------------------------------------------------
132.40 134.25 1.85 2.30
---------------------------------------------------------------
---------------------------------------------------------------
JD180 9.30 10.30 1.00 1.85
---------------------------------------------------------------
---------------------------------------------------------------
JD181 17.18 29.70 12.52 4.84
---------------------------------------------------------------
34.05 35.93 1.88 3.10
---------------------------------------------------------------
38.72 40.90 2.18 3.13
---------------------------------------------------------------
83.42 85.40 1.98 3.67
---------------------------------------------------------------
---------------------------------------------------------------
JD182 112.07 116.10 4.03 1.89
---------------------------------------------------------------
119.10 121.10 2.00 1.91
---------------------------------------------------------------
---------------------------------------------------------------
JD183 83.87 85.16 1.29 5.45
---------------------------------------------------------------
---------------------------------------------------------------
JD184 84.50 86.93 2.43 2.15
---------------------------------------------------------------
117.50 122.00 4.50 8.03
---------------------------------------------------------------
Including 119.55 120.96 1.41 19.30
---------------------------------------------------------------
136.00 137.00 1.00 4.61
---------------------------------------------------------------
---------------------------------------------------------------
JD185 116.70 121.60 4.90 9.26
---------------------------------------------------------------
Including 119.51 120.64 1.13 28.70
---------------------------------------------------------------
---------------------------------------------------------------
JD186 61.00 69.72 8.72 3.74
---------------------------------------------------------------
86.10 89.00 2.90 2.62
---------------------------------------------------------------
93.00 102.90 9.90 3.81
---------------------------------------------------------------
---------------------------------------------------------------
JD187 65.32 76.00 10.68 2.79
---------------------------------------------------------------
Including 75.00 76.00 1.00 13.10
---------------------------------------------------------------
95.52 100.00 4.48 3.86
---------------------------------------------------------------
---------------------------------------------------------------
JD188 68.38 69.80 1.42 15.47
---------------------------------------------------------------
115.10 116.79 1.69 5.51
---------------------------------------------------------------
118.61 124.12 5.96 5.70
---------------------------------------------------------------
---------------------------------------------------------------
JD190 55.17 69.36 14.19 8.07
---------------------------------------------------------------
Including 55.90 56.68 0.78 20.00
---------------------------------------------------------------
Including 67.62 69.36 1.74 21.85
---------------------------------------------------------------
97.20 134.64 37.44 7.08
---------------------------------------------------------------
Including 109.00 110.00 1.00 19.10
---------------------------------------------------------------
138.70 144.64 5.94 10.74
---------------------------------------------------------------
---------------------------------------------------------------
JD191 116.00 12.40 8.40 4.18
---------------------------------------------------------------
---------------------------------------------------------------
JD192 64.64 67.90 3.26 5.80
---------------------------------------------------------------
Including 64.64 65.60 1.36 13.80
---------------------------------------------------------------
180.00 186.70 6.70 2.01
---------------------------------------------------------------
---------------------------------------------------------------
JD195 45.80 49.77 3.97 3.47
---------------------------------------------------------------
58.30 68.58 10.28 4.61
---------------------------------------------------------------
137.47 139.47 2.00 2.84
---------------------------------------------------------------
---------------------------------------------------------------
JD196 23.58 26.23 2.65 3.72
---------------------------------------------------------------


Stephen Juras, Ph.D., P.Geo., Manager, Geology is the qualified person for the technical disclosure in this press release. Samples are prepared at Eldorado's on-site facility in China and assayed at the SGS-CSTC Standards Technical Services Co. Ltd. facility at Tianjin, China. Analysis for gold is done on sawn half core samples using fire assay (AA finish) on a 50 g charge. Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data. In addition, about 10% of the samples are re-submitted for duplicate analysis at STAR Laboratory in Perth, Australia.

Geologic modeling of the new drill information is ongoing and will be incorporated into a new block model during Q4 2005. That work should be completed and the mineral resources restated by year end. Based on the new model an optimized mine plan will be designed and the mineral reserves restated during Q1 2006.

ON BEHALF OF ELDORADO GOLD CORPORATION

Dawn L. Moss, Corporate Secretary

Certain of the statements made herein may contain forward-looking statements within the meaning of Section 1E of the Securities Exchange Act of 1934, which involve known and unknown risks, 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 are subject to a variety of risks and uncertainties, which could cause actual events, or results to differ from those reflected in the forward-looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward looking statements. Specific reference is made to "Narrative Description of the Business - Risk Factors" in the Company's Annual Information Form, Form 40-F dated March 30, 2005 for the fiscal year ended December 31, 2004. Forward-looking statements herein include statements regarding the expectations and beliefs of management. Such factors included, amongst others the following: 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 (TSX:ELD) and the American Stock Exchange (AMEX:EGO).

Request for information packages: info@eldoradogold.com

To view Figure 1, please click on the following link: http://www.ccnmatthews.com/docs/eld1108a.pdf

To view Figure 2, please click on the following link: http://www.ccnmatthews.com/docs/eld1108b.pdf


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

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