Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Merger or Acquisition (September 2009)
26 slides from Eldorado Gold's merger presentation, September 2009
Slide 1: Presentation September 2009
Presentation September 2009 vine Tas see
Slide 2: Forward-Looking Statements
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. The
Slide 3: Transaction Summary
Transaction Summary Share exchange transaction, structured as a scheme of arrangement 0.55 Eldorado shares for each Sino Gold share Enhances Eldorado’s production and management in China Creates premier intermediate gold producer – Market cap in excess of CAD$6 billion – Current production o
Slide 4: New Eldorado
New Eldorado Eldorado Gold Sino Gold Combined Basic Market Capitalization (US$ millions) (3) $4,405 $1,459 $5,803 Measured + Indicated Resources (000 oz Au) 11,778 7,043 18,821 Proven + Probable Reserves (000 oz Au) 7,561 5,107 12,668 2009F Production Guidance (000s oz Au) 330 210-230 540-560 2009F
Slide 5: Benefits to Eldorado Shareholders
Benefits to Eldorado Shareholders High Growth Solidifies Eldorado’s position as one of the gold industry’s leaders in quality production growth Pure Gold Increases Eldorado’s gold leverage and enhances pure unhedged gold strategy Continue to drive low cost production World Class Unequivocal
Slide 6: Diversified Asset Portfolio Focused on Gold
Diversified Asset Portfolio Focused on Gold A combined Eldorado and Sino Gold would have a clear path to producing in excess of 1 million oz 1,400,000 Kişladağ Tanjianshan Efemçukuru 1,300,000 1,200,000 Jinfeng White Mountain Eastern Dragon 1,100,000 Perama Hill and Tocantinzinho 1,000,000 Au Prod
Slide 7: Increased Market Presence and Liquidity
Increased Market Presence and Liquidity Market Capitalization (US$ in billions) New Peer Group $9.0 $8.5 $8.1 Old Peer Group $7.0 $6.6 $5.8 $5.1 $4.8 $4.4 $4.3 $4.0 $2.3 $2.2 $1.9 $1.5 $1.4 $1.3 New Gold Buenaventura New Eldorado IAMGOLD Lihir Polyus Agnico-Eagle Randgold Eldorado Sino Gold Centerra
Slide 8: Q2 2009 Highlights
Q2 2009 Highlights First 6 Q1 Q2 One of the lowest pure gold cost months 2009 2009 producers 2009 Cash balances have more than doubled PRODUCTION since year-end to $136 million Total Production (oz) 61,426 84,572 145,998 Commissioning of the sulphide ore COSTS processing facility at Tanjiansha
Slide 9: Increasing Production
Increasing Production * eldoradogold Au 0z 1,000,000 [rrr nnn iE EEE EEE EE 800,000 600,000 400,000 200,000 |" 2007 2009 2010 2011 2012 2013 Actual petal Forecast Forecast Forecast Forecast Forecast
Slide 10: Expanding Margins
Expanding Margins a eldoradogold —#— Realized Gold Price 800 600 400 200 |~ 2005 2006 2007 2008 Q12009 Q2 2009 10
Slide 11: Lowest Quartile of Production Cost
Lowest Quartile of Production Cost Source: BMO Capital Markets, Bloomberg 11
Slide 12: Increasing Share Price
Increasing Share Price « eldoradogold i $11.38 BDO OK io 0 0-2 aaa | SY a Cordon Fix 1C$0.27 _ EE eee eS “ ! | 2002 2003 2004 2005 2006 2007 2008 2009 Aug 26, 2009 12
Slide 13: Kişladağ mine, Turkey
Kişladağ mine, Turkey Kişladağ is an open pit heap leach gold mine that began commercial production in July 2006 Conversion to owner operated mining successfully completed in Q3 2008 Ore production for 2009 is planned to be 10.1 million tons at 1.2 g/t with a strip ratio of 1.06:1 (compared to
Slide 14: Kişladağ mine, Turkey
Kişladağ mine, Turkey RESOURCES (in ounces Au) M&I 7,862,000 Inferred 2,552,000 RESERVES (in ounces Au) P&P 5,523,000 PRODUCTION (in ounces Au) 2008 190,334 Q2 2009 62,985 2009 First 6 months 109,177 2009 Forecast 230,000 to 240,000 CASH OPERATING COST (per ounce Au) 2008 $254 Q2 2009 $269 2009 Firs
Slide 15: Kişladağ exploration
? Kişladağ exploration Kişladağ Section Showing 2009 Planned Drill Holes 15
Slide 16: Kişladağ regional exploration - Sayacik
? Kişladağ regional exploration - Sayacik 2009 drill program is 5,000 meters Crew continue to test Sayacik volcanic center (S) immediately to the southwest of Kişladağ i st deposit (K). Drilling is underway ch S K z In addition, we are testing M several IP geophysical anomalies. S e nts se dim
Slide 17: Tanjianshan mine, China
Tanjianshan mine, China Tanjianshan is an open pit, float-roast-CIL operation that began commercial production in February 2007. It consists of 2 separate deposits: Qinlongtan (QLT) and Jinlonggou (JLG) Partners in Tanjianshan are Qinghai Number One Geological Brigade (5%) and the Dachaidan Gold
Slide 18: Tanjianshan mine, China
Tanjianshan mine, China RESOURCES (in ounces Au) M&I 1,012,000 Inferred 398,000 RESERVES (in ounces Au) P&P 817,000 PRODUCTION (in ounces Au) 2008 118,468 Q2 2009 21,587 2009 First 6 months 36,821 2009 Forecast 95,000 to 100,000 CASH OPERATING COST (per ounce Au) 2008 $261 Q2 2009 $390 2009 First 6
Slide 19: Tanjianshan regional exploration
Tanjianshan regional exploration RAB / RC Drilling Results QLT South RC Drilling Program 19
Slide 20: Efemçukuru project, Turkey
3Efemçukuru project, Turkey Efemçukuru is a high grade epithermal gold deposit, RESOURCES (in ounces Au) well suited for underground mechanized mining M&I 1,541,000 Feasibility study completed in 2007 based on a mine Inferred 675,000 throughput of 406,000 tonnes per year RESERVES (in ounces Au)
Slide 21: Efemçukuru North Ore Shoot – Longitudinal Section
3Efemçukuru project, Turkey Efemçukuru North Ore Shoot – Longitudinal Section Looking Southwest 21
Slide 22: Perama Hill project, Greece
3Perama Hill project, Greece Perama Hill is a shallow, low sulphidation, non- RESOURCES (in ounces Au) refractory oxide gold deposit with a low strip ratio in Indicated 1,363,000 northern Greece Inferred 552,000 Pre-Environmental Impact Assessment (PEIA) and OWNERSHIP 100% Technical Report to be
Slide 23: Perama Hill Project – Section 7450 Looking North
3Perama Hill project, Greece Perama Hill Project – Section 17450 Looking North 23
Slide 24: Tocantinzinho exploration
? Tocantinzinho exploration TZ project property size is 430 km2 In the project, gold mineralization (non-refractory) occurs as stockwork veinlets within Proterozoic granite 20,000 m drill program for 2008/2009 designed to both upgrade inferred resources and increase total resources In Q2 200
Slide 25: Summary
Summary Strong balance sheet No hedge positions One of the lowest cost pure gold producers, with robust margins Long life, low cost assets Regionally focused with excellent development projects for internal growth Proven ability to explore, develop and operate 25
Slide 26: Thank you
Thank you Eldorado Gold Corporation TSX: ELD NYSE-A: EGO Shares Outstanding (as of July 31, 2009): 399.2 M Investor Relations: Nancy Woo (604) 601-6650 nancyw@eldoradogold.com 26
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