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Resources and Reserves Statement

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(All amounts expressed in US dollars, unless otherwise stated)
Table 1: Eldorado Gold Mineral Resources, December 31, 2008
Property Resource Classification Tonnes
(x1000)

Grade
(Au g/t or Fe %)

In-Situ Gold Ounces
(x1000)
GOLD        
Kişladağ Measured 72,810 1.04 2,432
Indicated 207,070 0.82 5,430
Measured + Indicated 279,880 0.88 7,862
Inferred 126,900 0.63 2,552
Tanjianshan Measured 6,985 3.34 751
Indicated 2,941 2.76 261
Measured + Indicated 9,926 3.17 1,012
Inferred 3,493 3.54 398
Efemçukuru   Measured 1,235 13.80 548
Indicated 3,683 8.39 993
Measured + Indicated 4,918 9.75 1,541
Inferred 2,109 9.95 675
Perama   Measured - - -
Indicated 11,710 3.62 1,363
Measured + Indicated 11,710 3.62 1,363
Inferred 8,733 1.96 552
Total   Measured 81,030 1.43 3,731
Indicated 225,404 1.11 8,047
Measured + Indicated 306,434 1.20 11,778
Inferred 141,235 0.92 4,177
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. The gold price used was $725/oz.
  2. Cut-off grades (gold g/t): Kişladağ: 0.4 g/t; Tanjianshan: 1.0 g/t; Efemçukuru: 3.0 g/t; Perama: 1.0 g/t.
  3. Qualified Person: Stephen Juras, Ph.D., P.Geo. and Manager, Geology for the Company, is the qualified person responsible for all the mineral resource estimates for the Company's material properties, namely Kişladağ, Tanjianshan and Efemçukuru; the Company does not currently consider Perama or Vila Nova to be material properties.
Table 2: Eldorado Gold Mineral Reserves, December 31, 2008
Property Reserve Classification Tonnes
(x1000)
Grade
(Au g/t or Fe %)
In-Situ Gold Ounces
(x1000)
GOLD        
Kişladağ Proven 67,746 1.08 2,353
Probable 93,811 1.05 3,170
Total 161,557 1.06 5,523
Tanjianshan   Proven 5,609 3.77 680
Probable 1,152 3.71 137
Total 6,761 3.76 817
Efemçukuru   Proven 1,320 11.89 505
Probable 2,465 9.04 716
Total 3,785 10.04 1,221
Perama   Proven - - -
Probable - - -
Total - - -
Total   Proven 74,675 1.47 3,538
Probable 97,428 1.28 4,023
Total 172,103 1.37 7,561
IRON ORE        
Vila Nova   Proven 2,285 63.5  
Probable 6,987 60.2  
Total 9,272 61.0  
Notes:
  1. The gold price used for Kişladağ and Tanjianshan was $725/oz and for Efemçukuru was $530/oz.
  2. Cut-off grades (gold g/t): Kişladağ: 0.35 g/t oxide, 0.50 g/t sulphide; Tanjianshan: 1.3 g/t JLG oxide, 1.64 g/t JLG sulphide; Efemçukuru: 4.5 g/t.
  3. Qualified Persons: Richard Miller, P.Eng. and Manager, Mine Engineering 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.
  4. Mineral Reserves include Mineral Resources.
Last update: February 27, 2009.