UPDATE: Eldorado Gold Issues Update on Vila Nova Mine, Says Temporarily Unable to Ship Ore from Site

Eldorado Gold Corporation

("Eldorado", the "Company" or "We") announces that due to the damage sustained by the Anglo Ferrous ship loading facility at Santana Port, Amapa, Brazil on March 28, 2013 it will be temporarily unable to ship iron ore from its Vila Nova Iron Ore mine ("Vila Nova") in Northern Brazil. The Company is presently investigating alternative interim options for the shipment of its ore. Inevitably the Vila Nova mine's operating performance for a period will be adversely affected due to this disruption.