Eldorado Gold Corporation: Efemcukuru Receives Positive High Court Decision

Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD)(NYSE Alternext US: EGO) is pleased to announce that on, January 26, 2009 the Sixth Department of the High Administrative Court in Ankara, Turkey delivered a positive decision in the cases regarding the Company's Environmental Impact Assessment ("EIA") certificate for the Efemcukuru project.

"We are extremely pleased with the High Court's recent decision. This decision confirms the integrity and validity of the EIA positive opinion and other related permits which enable the construction of Eldorado's second gold mine in Turkey.

Construction continues on the project site with completion anticipated early in 2010. The decision serves to reinforce the Company's commitment to continue to grow its successful gold mining business in Turkey," said Paul N. Wright President and Chief Executive Officer.

Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, Turkey, China, Greece and the surrounding regions. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.

ON BEHALF OF ELDORADO GOLD CORPORATION

Paul N. Wright, President & Chief Executive Officer

Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995, and forward looking statements or information within the meaning of the Securities Act (Ontario). Such forward looking statements or information include, but are not limited to statements or information with respect to unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties, which could cause actual events, or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward looking statements. Specific reference is made to "Forward Looking Statements and Risk Factors" in the Company's Annual Information Form and Form 40-F dated March 31, 2008. Forward-looking statements herein include statements regarding the expectations and beliefs of management. Such factors included, amongst others the following: gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; risks from litigation; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form and Form 40-F dated March 31, 2008. We do not expect to update forward-looking statements continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.

Eldorado Gold Corporation's shares trade on the Toronto Stock Exchange (TSX: ELD) and the NYSE Alternext (NYSE Alternext US: EGO).

Request for information packages: This email address is being protected from spambots. You need JavaScript enabled to view it.

The TSX has neither approved nor disapproved the form or content of this release.

Contacts: Eldorado Gold Corporation Nancy E. Woo Vice President Investor Relations (604) 601-6650 or 1-888-353-8166 (604) 687-4026 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.eldoradogold.com

SOURCE: Eldorado Gold Corporation

mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.eldoradogold.com