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Eldorado Gold and Brazauro Resources complete plan of arrangement

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Eldorado Gold Corporation

On July 20, 2010, Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO)(ASX:EAU) announced that the company had completed the court approved Plan of Arrangement (the "Arrangement") to acquire all the issued and outstanding securities that it did not already own of Brazauro Resources Corporation. Eldorado has issued 5,993,898 common shares pursuant to the Arrangement. Under the terms of the Arrangement, for each Brazauro share held, Brazauro shareholders (other than Eldorado) received 0.0675 of a common share of Eldorado and one third of a common share of TriStar Gold Inc., a new exploration company that was incorporated to hold certain exploration properties owned by Brazauro prior to the Arrangement. In addition, Eldorado provided $10 million in funding to TriStar. Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece and Turkey. Eldorado was advised in this transaction by Fasken Martineau with a team that included Josh Lewis, Lata Casciano, Amanda MacAdams, Georald Ingborg and Charlotte Bell.



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