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[JohnCM]

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Eldorado Gold Reports 2018 First Quarter Financial and Operating Results

Eldorado Gold Corp. Ordinary Shares (NYSE:EGO)

VANCOUVER, April 26, 2018 /CNW/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") today reports the Company's financial and operational results for the first quarter ended March 31, 2018.

Highlights from the Quarter and Subsequent Period1

Hellas Gold S.A., Eldorado's Greek subsidiary, received a positive ruling in the arbitration proceedings with the Greek Government, and will continue to seek a collaborative dialogue with the Greek government.

Completed and filed technical reports for the Lamaque, Kisladag and Skouries projects. These technical reports were prepared pursuant to Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101").

Installation of the additional filter press and paste plant completed at Olympias Phase II bringing the plant up to its run rate production of 1,250 tonnes per day.

The Company held $459.7 million in cash, cash equivalents and term deposits, and $250.0 million in undrawn lines of credit at the end of the quarter.

Profit attributable to shareholders of $8.7 million ($0.01 per share), compared to profit attributable to shareholders of $6.8 million ($0.01 per share) in the first quarter 2017.

Gold production of 89,374 ounces, (including 2,740 ounces from Lamaque pre-commercial production) (first quarter 2017: 75,172 ounces).

Gold revenues of $115.4 million (first quarter 2017: $90.5 million) on sales of 86,587 ounces at an average realized gold price of $1,333 per ounce (first quarter 2017: 74,068 ounces at $1,222 per ounce).

All-in sustaining cash costs averaged $878 per ounce (first quarter 2017: $791 per ounce).

Cash operating costs averaged $571 per ounce (first quarter 2017: $466 per ounce).

Cash generated from operating activities before changes in non-cash working capital was $37.9 million (first quarter 2017: $28.2 million).