Eldorado Gold Corp.


Table 1: Eldorado Gold Mineral Resources, December 31, 2007

Project

Resource Classification

Tonnes
(x1000)

Grade
(Au g/t or Fe %)

In-situ Gold ounces
(x1000)

GOLD

 

 

 

 

Kişladağ

Measured

69,860

1.10

2,467

Indicated

185,530

0.89

5,284

Measured + Indicated

255,390

0.95

7,751

Inferred

140,510

0.74

3,346

Tanjianshan

Measured

6,265

3.56

718

Indicated

4,725

3.29

499

Measured + Indicated

10,990

3.44

1,217

Inferred

1,693

2.69

146

Efemçukuru

 

Measured

1,150

14.07

520

Indicated

2,937

9.81

927

Measured + Indicated

4,087

11.01

1,447

Inferred

891

8.32

239

Total

 

Measured

77,275

1.49

3,705

Indicated

193,192

1.08

6,710

Measured + Indicated

270,467

1.20

10,415

Inferred

143,094

0.81

3,731

IRON ORE

 

 

 

 

Vila Nova

 

Measured

2,285

63.5

 

Indicated

7,679

61.0

 

Measured + Indicated

9,964

61.6

 

Inferred

2,022

61.2

 

Notes:
  1. Gold price used was $600/oz.
  2. Cut-off grades (gold g/t): Kişladağ: 0.4 g/t; Tanjianshan: 1.0 g/t; Efemçukuru: 3.0 g/t
  3. Qualified Person: Stephen Juras, Ph.D., P.Geo. and Manager, Geology of the Company is responsible for all of the mineral resource estimates

Table 2: Eldorado Gold Mineral Reserves, December 31, 2007

Project

Reserve Classification

Tonnes
(x1000)

Grade
(Au g/t or Fe %)

In-situ Gold ounces
(x1000)

GOLD

 

 

 

 

Kişladağ

Proven

67,930

1.11

2,424

Probable

85,400

1.12

3,076

Proven + Probable

153,330

1.12

5,500

Tanjianshan

 

Proven

5,020

3.88

626

Probable

2,322

4.13

308

Proven + Probable

7,342

3.96

934

Efemçukuru

 

Proven

1,320

11.89

505

Probable

2,465

9.04

716

Proven + Probable

3,785

10.04

1,221

Total

 

Proven

74,270

1.49

3,555

Probable

90,187

1.41

4,100

Proven + Probable

164,457

1.45

7,655

IRON ORE

 

 

 

 

Vila Nova

 

Proven

2,285

63.5

 

Probable

6,987

60.2

 

Proven + Probable

9,272

61.0

 

Notes:
  1. Gold price used was $600/oz.
  2. Cut-off grades (gold g/t): Kişladağ: 0.35 g/t oxide, 0.50 g/t sulphide; Tanjianshan: 1.3 g/t QLT and JLG oxide, 1.64 g/t JLG sulphide; Efemçukuru: 4.5 g/t
  3. Qualified Persons: Norm Pitcher, P.Geo. and Chief Operating Officer of the Company is responsible for the Kişladağ and Tanjianshan reserves; Andy Nichols, P.Eng., Chief Mining Engineer of Wardrop Engineering is responsible for the Efemçukuru reserves; Roberto Costa, principal of Roberto Costa Engenharia Ltda, is responsible for the Vila Nova reserves.
  4. The Mineral Reserves are inclusive to the Mineral Resources.
 
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