Corporate

As of December 31, 2009.

GOLD	Mineral Reserves					Mineral Resources
Project	Tonnes (x1000)	Grade (Au g/t)	In-situ Gold ounces (x1000)			Tonnes (x1000)	Grade (Au g/t)	In-situ Gold ounces (x1000)
Kisladag
Proven	68,230	1.05	2,312		Measured	82,904	0.93	2,490
Probable	149,240	0.94	4,504		Indicated	329,345	0.74	7,783
Proven+Probable	217,470	0.97	6,816		M+I	412,249	0.78	10,273
					Inferred	182,083	0.50	2,950
Efemcukuru
Proven	1,129	12.00	437		Measured	1,235	13.18	523
Probable	4,007	8.30	1,069		Indicated	4,304	8.50	1,177
Proven+Probable	5,136	9.10	1,506		M+I	5,539	9.55	1,700
					Inferred	1,703	6.43	352
Tanjianshan
Proven	5,574	3.57	640		Measured	7,082	3.19	727
Probable	571	3.79	70		Indicated	2,191	2.68	189
Proven+Probable	6,145	3.59	710		M+I	9,273	3.07	916
					Inferred	3,061	3.54	349
Perama
Proven	2,455	4.48	354		Measured	3,020	4.34	421
Probable	6,923	2.75	612		Indicated	8,690	3.37	942
Proven+Probable	9,378	3.20	966		M+I	11,710	3.62	1,363
					Inferred	8,733	1.96	552
Jinfeng
Proven	13,200	5.10	2,171		Measured	18,000	4.80	2,750
Probable	6,100	5.40	1,061		Indicated	11,000	4.47	1,580
Proven+Probable	19,300	5.20	3,232		M+I	29,000	4.65	4,330
					Inferred	5,400	3.91	674
White Mountain
Proven	4,300	3.60	500		Measured	6,700	3.10	673
Probable	2,300	4.00	290		Indicated	4,000	3.10	405
Proven+Probable	6,600	3.70	790		M+I	10,700	3.10	1,079
					Inferred	1,600	2.10	109
Eastern Dragon
Proven	700	9.80	206		Measured	600	11.20	220
Probable	1,300	7.60	321		Indicated	1,600	7.20	361
Proven+Probable	2,000	8.40	527		M+I	2,200	8.30	581
					Inferred	1,200	5.00	196
Beyinhar
Proven	7,100	0.83	191		Measured	7,800	0.82	205
Probable	20,700	0.55	367		Indicated	53,900	0.49	848
Proven+Probable	27,800	0.62	558		M+I	61,700	0.53	1,053
					Inferred	7,500	0.75	182
Total Gold
Proven	102,688	2.06	6,811		Measured	127,341	1.96	8,009
Probable	191,141	1.35	8,294		Indicated	415,030	1.00	13,285
Proven+Probable	293,829	1.59	15,105		M+I	542,371	1.22	21,295
					Inferred	211,280	0.79	5,364
IRON	Mineral Reserves					Mineral Resources
Project	Tonnes (x1000)	Grade FE %				Tonnes (x1000)	Grade FE %
Vila Nova
Proven	2,285	63.5			Measured	2,285	63.5
Probable	6,987	60.2			Indicated	7,679	61.0
Proven+Probable	9,272	61.0			M+I	9,964	61.6
					Inferred	2,022	61.2

Notes on Mineral Resources and Reserves:

1. Mineral reserves and mineral resources for Kişladağ, Efemcukuru, Tanjianshan and Perama Hill are as of December 31, 2009.
Mineral reserves and mineral resources for Jinfeng, White Mountain, Eastern Dragon and Beyinhar are the 2009 JORC-compliant Sino Gold estimates which are as of December 31, 2008. Except as discussed herein, no re-estimates have yet been done by Eldorado Gold, nor have the existing estimates been depleted to 2009 production. In 2009 Jinfeng milled 1,505 Kt at 4.11 g/t Au and White Mountain milled 358 Kt at 3.81 g/t Au.

2. The existing competent or qualified persons for the 2009 JORC-compliant reserves and resources for Jinfeng, White Mountain, Eastern Dragon and Beyinhar are referenced below.


3. Mineral reserves are included in the mineral resources.


4. The estimation of mineral reserves and mineral resources is a subjective process where the accuracy of any such estimates are a function of the quantity and quality of available data and the assumptions made and judgments used in engineering and geological interpretation. The assumptions and judgements used in such a process may differ between parties. As such, there is no assurance that if the Sino Gold mineral reserve and mineral resource estimates were prepared by Eldorado that the estimates would be the same. Eldorado intends to review the methodology used in preparing the mineral reserve and mineral resource estimates for the Sino Gold properties and update them as appropriate. Accordingly, there is no assurance that the mineral reserve and mineral resource estimates for the Sino Gold properties will not change.

Mineral Reserve Notes:

1. Gold price used was $825/oz for the Kişladağ, Efemcukuru, Perama Hill and Tanjianshan reserves, $750/oz for the Jinfeng and White Mountain reserves, and $650/oz for the Eastern Dragon and Beyinhar reserves.


2. Cut-off grades (gold g/t): Kişladağ: 0.35 g/t oxide, 0.50 g/t sulphide; Efemcukuru: 4.0 g/t; Perama Hill: 1.0 g/t; Tanjianshan: 1.3 g/t JLG oxide, 1.64 g/t JLG sulphide; Jinfeng: 1.5 g/t open pit, 2.9 g/t underground; White Mountain: 2.0 g/t; Eastern Dragon: 1.5 g/t open pit, 2.5 g/t underground; Beyinhar: 0.28 g/t oxide, 0.66 g/t sulphide.


3. Qualified Persons: Richard Miller, P.Eng. and Manager, Mining for the Company, is responsible for the Kişladağ, Tanjianshan and Perama Hill reserves; Scott Cowie, B.Eng., MAusIMM, Senior Mining Engineer of Wardrop Engineering, is responsible for the Efemcukuru reserves; John Chen, Ph.D., MAusIMM, Manager, Mining for Sino Gold, is responsible for the Jinfeng underground, White Mountain and Eastern Dragon reserves; Weifeng Li, MAusIMM, principle mining consultant for West Swan Pty Ltd, is responsible for the Jinfeng open pit reserves. Steve Craig, MAusIMM, consultant mining engineer with Orelogy, is responsible for the Beyinhar reserves. Roberto Costa, principal of Roberto Costa Engenharia Ltda, is responsible for the Vila Nova iron reserves.

Mineral Resource Notes:

1. Cut-off grades (gold g/t): Kişladağ: 0.3 g/t; Efemcukuru: 3.0 g/t; Perama Hill: 1.0 g/t; Jinfeng: 1.0 g/t open pit, 2.0 g/t underground; Tanjianshan: 1.0 g/t; White Mountain: 1.0 g/t; Eastern Dragon: 1.0 g/t; Beyinhar: 0.2 g/t oxide, 0.5 g/t sulphide.


2. Qualified Persons: Stephen Juras, Ph.D., P.Geo. and Director, Technical Services for the Company, is responsible for the Kişladağ, Efemcukuru, Perama Hill and Tanjianshan gold resources and the Vila Nova iron resources. Yumin Qiu, Ph.D., MAIG, Exploration Manager for Sino Gold, is responsible for the Jinfeng, White Mountain, Eastern Dragon and Beyinhar resources.

Subsequent Events:

Eastern Dragon Resource and Reserve Update - 42% Increase in Proven and Probable Ounces
MD&A for the years ended December 31, 2009 and 2008 / Corporate developments / Beyinhar Sale


Last update: April 7, 2010.