Eldorado Announces Approval of Preliminary Environmental License for Tocantinzinho Project in Brazil

Paul N. Wright, Chief Executive Officer of Eldorado Gold Corporation (NYSE: EGO), is pleased to announce that the Preliminary Environmental License (PEL) for the Tocantinzinho Project has been granted by the Environmental Council of Para State, Brazil (COEMA). The PEL confirms the environmental feasibility of the Project and allows the Company to apply for the Construction License, the final permit needed for construction of the Project to commence. The PEL was granted after affirmative public hearings were held with the local community and the recommendation for approval of the Environmental Impact Assessment was received from the technical and legal sections of the Environmental Office of Para State (SEMA).The Tocantinzinho Project is a proposed open pit mine with a conventional Carbon in Leach (CIL) milling circuit. The current mine life is 11 years with a 1.9 million ounce proven and probable gold mineral reserve. Eldorado is completing the feasibility study for the project and continues to explore aggressively in the Project area as well as the greater Tapajos region.Eldorado is a gold producing, exploration and development company actively growing businesses in Turkey, China, Greece, Brazil and See full press release