Slide 1: Perama Hill Analysts and Investors Site Visit
XPYLOPY XEIA ey 3) KH d eldorado ee . “Perama Hill : Analysts and Investors Site Visit September 2012 wise) OUNCIL MEMBER
Slide 2: Forward-looking statements
Certain of the statements made in this Presentation may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities law. These forward-looking statemen
Slide 3: Perama Hill Project Location
Perama Hill Project Location
Slide 4: Perama Hill Project History
Perama Hill Project History 1996: Exploration license received , first exploration hole in ore (whole length highly mineralized ). 18 exploration holes. 1997-98: Definition drilling - 177 holes (9,093m of diamond drilling and 7,249m of reverse circulation drilling) for resource calculations. Add
Slide 5: Regional Geology, Perama District, Greece
Perama District, Greece Regional Geology Underexplored porphyry – epithermal Au belt 2012 focus on Perama Hill, Perama South stepouts, regional assessments. Legend ^ Project Faults Overthrust Rhodopian basement Circum-Rhodope zone-Makri unit Cicum-Rhodope zone Drimou-Melia unit Eocene sedimentar
Slide 6: Perama Hill, Perama South deposit model
Perama Hill, Perama South deposit model Stratiform IS-HS epithermal mineralization at multiple stratigraphic levels Strong underlying NNW-oriented structural control (veins, mineralized fault zones) Perama Hill discovery outcrop www.eldoradogold.com 6
Slide 7: Perama Hill 2012 Exploration Program
Perama Hill 2012 Exploration Program Perama South drilling: downdip stepouts, targetting projection from high grade surface outcrops Perama Hill drilling: resource infill, deep feeder zone testing www.eldoradogold.com 7
Slide 8: Perama Hill / Perama South schematic cross section
Perama Hill / Perama South schematic cross section Perama Hill “feeder” targets Perama S. stepout targets www.eldoradogold.com 8
Slide 9: Perama Hill Project Overview
Perama Hill Project Overview Deposit Type Disseminated epithermal gold-silver deposit Mine Life 8 years Initial Capex US$189 mln Mining Rate 1.25 Mtpa Gold Production 110,000 oz/year Silver Production 85,000 oz/year Cash Cost (by- $278/oz product) Processing Conventional CIL Recoveries 90% gold ; 60
Slide 10: Perama Hill General Site Map
Perama Hill General Site Map Rodopi-Evros Prefecture Border Power Line Access Road Perama Komaros Mine Site Fence Line with Process Plant buffer zone of 500 m. from Broader Project Perama village Study Area (in accordance with EIS) Dry Stack Area www.eldoradogold.com 10
Slide 11: Perama Hill Orebody Cross Section
Perama Hill Orebody Cross Section
Slide 12: Perama Hill Ore Production by Bench
Perama Hill Ore Production by Bench
Slide 13: Perama Hill Reserves & Resources
Perama Hill Reserves & Resources Au Grade Contained Au Perama Tonnes (kt) (g/t) (Koz) Proven 2.477 4,44 354 Probable 7.220 2,68 621 Proven+Probable 9.697 3,13 975 Measured 3.064 4,30 424 Indicated 9.375 3,18 958 M+I 12.439 3,46 1.382 Inferred 8.766 1,96 554 Notes: • Mineral Resources are inclusive o
Slide 14: Perama Hill General Site Layout
Perama Hill General Site Layout
Slide 15: Final Pit & Pit After Reclamation
Perama Hill Final Pit & Pit After Reclamation Final Pit Pit After Reclamation Final Pit (Yellow = Oxide; Red = Sulphide) Oxide Waste Oxide Waste Dump at Peak OxideAfter Dump Waste Reclamation Dump After Size Sulphide Reclamation Sulphide Dump Dump Low Grade Low Grade Oxide LowOxide Grade Dump Dump O
Slide 16: Perama Hill Plant Site Plan
Perama Hill Plant Site Plan 2 eldoradogold ee ‘REAGENT = TAILINGS DEWATERING _7~OYANIDE DESTRUCTION | 1S \ “SSLABORATORY ~>C WAREHOUSE AND STORAGE ENGINEERING WORKSHOP. ‘OPERATIONS. COMPLEX
Slide 17: Process Plant Details & Flow Sheet
Perama Hill Process Plant Details & Flow Sheet Carbon in leach process – zero discharge for process water 1,250,000 tonnes per year, 24 hours a day, 365 days a year Crushing and grinding to 80% passing 75 μm product size. Thickening and gold/silver dissolution in the CIL circuit. Gold adso
Slide 18: Plant & Mine Equipment
Perama Hill Plant & Mine Equipment Major Plant Equipment Major Mine Equipment Jaw Crusher 1 - Hydraulic drill rig Atlas Copco ROC Secondary and Tertiary Crusher 1 - 5.0 m3 Caterpillar 980H front end loader Ball Mill 2 - 5.5 m3 Cat 385C excavators Hydrocyclones 6 - 35 tonnes Mercedes Actros 4150 truc
Slide 19: Perama Hill Personnel
Perama Hill ,) Personnel 4 eldorado Activity Personnel Supervision, Engineering and Geology: 21 Mine Production 23 Mine Maintenance 18 Total 62 Personnel: Administration & Operations Supervision 7 Laboratory 9 Plant Production 40 Plant Maintenance 20 Total 76 Project Administration 5 Production Mana
Slide 20: Operating & Capital Costs
Perama Hill Operating & Capital Costs Perama Hill Operating Costs Mining Cost $/t 3.93 Processing Cost $/t 16.16 Schist G&A Cost $/t 4.91 Cash Costs of $278/oz Amphibolite Gneiss Total Operating Cost $/t 25.00 Marble Operating Cash Cost US$/oz 278 Intrusive Perama Hill Capital Costs Equipment US$M
Slide 21: Development Schedule
Perama Hill Development Schedule Commercial production expected Q2 2015 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Permitting Activity Description Engineering Procurement Plant Construction Pre-stripping Commissioning/Start-up Commercial Production
Slide 22: Community Relations
Perama Hill Community Relations Excellent Relations with local villages (Perama & Komaros) Looking NE at Perama Village from Employees from villages within the Perama Hill in December 2003 Company and Community Projects Infrastructure Projects in local villages (water wells, roads, etc) Spon
Slide 23: Thank You
Thank You TSX: ELD NYSE: EGO Total shares outstanding (as of June 30, 2012): 712.9 M Investor Relations: Nancy Woo (604) 601-6650 ⋅ nancyw@eldoradogold.com www.eldoradogold.com 23