To: Dennis Lefebvre who wrote (455 ) 9/1/1999 10:33:00 AM From: Alex Respond to of 527
9/01/99 - ELDORADO GOLD CORP - Appoints Paul N. Wright As President And Chief Executive Officer <Picture> Toronto, Ontario, Sep. 01, 1999 (Market News Publishing via COMTEX) -- The Board of Directors of Eldorado Gold Corporation (the "Company" or "Eldorado") is pleased to announce the appointment of Mr. Paul N. Wright as President and Chief Executive Officer of the Company, effective October 1, 1999. Mr. Wright is currently Eldorado"s President and Chief Operating Officer. He is a mining engineering graduate from Newcastle University who has spent over 20 years involved in all aspects of the development and operation of open pit and underground gold mines. After senior management and executive positions with Placer Dome Ltd., Redpath Group Ltd. and Granges Inc., he joined Eldorado in 1996 as Vice-President, Mining, and was appointed President and Chief Operating Officer in March 1999. Dr. Hugh Morris, Eldorado"s Board Chairman and interim Chief Executive Officer, will continue as the Company"s non-executive Chairman of the Board after October 1st. In making the announcement Dr. Morris commented, "It is a great pleasure to report this event. Paul Wright"s experience and accomplishments make him uniquely suited to leading the Eldorado team into the next century. It is further evidence of the Company"s commitment to maintaining the quality of our current mining operations in Brazil and Mexico and to furthering the development of our attractive advanced projects in Turkey". Eldorado is a Vancouver based gold mining company that trades on the Toronto Stock Exchange. The Company expects to produce 185,000 ounces of gold in 1999 from its mines in Brazil and Mexico. Eldorado is committed to expansion through ongoing development of its advanced stage projects, in particular the Efemcukuru and Kisladag properties, in Turkey. -0- TEL: (604) 687-4018 Investor Relations TEL: (604) 687-4018 Investor Relation TOLL FREE: 888-ELD-8166 FAX: (604) 687-4026 Website: www.eldoradogold.com