Eldorado Gold Purchases Additional Shares in Amex Exploration

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[{"type":"text","content":"Eldorado Gold Purchases Additional Shares in Amex Exploration\nVANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) Eldorado Gold Corporation (“Eldorado”) advises that effective December 17, 2025, it has acquired ownership of 14,868,200 common shares (“Shares”) of Amex Exploration Inc. (“Amex”) at a price per Share of C$4.00, for total consideration of C$59,472,800, pursuant to a private agreement with a third party (the “Share Acquisition”). Prior to the Share Acquisition, Eldorado beneficially owned and controlled 23,758,130 common shares of the Company and 207,000 common share purchase warrants, each warrant entitling the holder to acquire one Share (the \"Warrants\"), representing approximately 16.77% of the outstanding common shares on a non-diluted basis and approximately 16.89% on a partially diluted basis assuming full exercise of the Warrants. Following the Share Acquisition, Eldorado beneficially owns and controls 38,626,330 Shares and 207,000 Warrants representing approximately 27.27% of the outstanding common shares on a non-diluted basis and approximately 27.37% on a partially diluted basis assuming full exercise of the Warrants. Eldorado’s acquisition of additional Shares is for investment purposes, in response to an unsolicited opportunity to increase its investment in Amex. Eldorado has no current plans or intentions that relate to, or would result in, the matters listed in clauses (a) to (k) of Item 5 of Form 62-103F1 Required Disclosure Under the Early Warning Requirements. Eldorado may, subject to applicable law and depending on market and other conditions and the availability of other investment and business opportunities, increase or decrease its beneficial ownership of Amex's securities, whether in the open market, by privately negotiated agreements or otherwise, or may develop such plans or intentions in the future. In connection with the Share Acquisition, Eldorado relied on the “private agreement exemption” set forth in Section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids (“NI 62-104”) on the basis that: (i) Eldorado purchased the Shares from less than five persons in the aggregate...

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