Eldorado Gold acquires stake in Sino Gold

On July 27, 2009, Eldorado Gold Corporation announced the closing of its acquisition of 57,968,029 shares in the capital of Sino Gold Mining Limited, pursuant to a Share Purchase and Sale Agreement dated June 3, 2009, as amended on July 10, 2009, with Gold Fields Australasia (BVI) Limited.

Following completion of the transaction, Eldorado holds directly 57,968,029 Sino Gold Shares, which represent 19.83% of the issued and outstanding shares of Sino Gold.

Under the terms of the Share Purchase Agreement, Gold Fields acquired 27,824,654 common shares of Eldorado as consideration for the Sino Gold Shares.

Sino Gold is an Australian public company focused on the exploration and production of gold in China and is listed on the Australian Securities Exchange and Hong Kong Stock Exchange.

Eldorado Gold is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and surrounding regions.

Eldorado Gold was advised in this transaction by Josh Lewis, Lata Casciano and Amanda MacAdams of Fasken Martineau.