Eldorado Gold Provides Update on Executive Leadership Transition

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VANCOUVER, British Columbia, July 30, 2026 (GLOBE NEWSWIRE) — Eldorado Gold
Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) is providing an update on its previously announced executive leadership transition planned for the third quarter of 2026, confirming the effective date and related management changes.

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George Burns will retire as Chief Executive Officer of Eldorado Gold, effective September 30, 2026. Following his retirement from management, Mr. Burns will remain on the Company’s Board of Directors.

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Effective September 30, 2026, Christian Milau will assume the role of President and Chief Executive Officer and will join the Board of Directors, supporting continuity in leadership as the Company advances its strategic priorities.

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In addition, Frank Herbert, Executive Vice President, General Counsel & Chief Compliance Officer will transition to a Senior Advisor role effective September 30, 2026, in advance of his planned retirement in Q2 2027. In this role, he will continue to provide legal expertise as well as provide support on key strategic and legal matters. Effective September 30, 2026, Tamiko Ohta, will be appointed Senior Vice President, Legal and General Counsel. Ms. Ohta has served as Vice President, Legal for the past three years and brings more than 30 years of legal experience advising Canadian and international companies. Prior to joining Eldorado, she held senior legal leadership positions with companies operating internationally across the technology and extractive sectors.

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Following this reorganization of responsibilities, Paul Ferneyhough’s role will expand to Executive Vice President, Strategy and Chief Financial Officer, assuming oversight of the Corporate Development and Legal functions.

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With Skouries moving from construction into operations, the Executive Vice President, Development, Greece role is no longer required, and Louw Smith will be leaving the Company effective September 30, 2026. The Company thanks Mr. Smith for his contributions to Eldorado, including his leadership of the Greece operations and development projects during a period of significant growth and change at Skouries and Olympias.

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Following his departure, responsibility for Greece operations will transition to Niklas Frank, Senior Vice President Operations, Europe who reports to Simon Hille, Executive Vice President & Chief Operating Officer. Since joining Eldorado in 2023, Mr. Frank has been instrumental in strengthening operational oversight, driving performance improvement initiatives, and fostering greater integration across the Company’s operating portfolio. The transition builds on Niklas’ existing leadership responsibilities in the region and establishes a single point of accountability for Eldorado’s operations in Greece.

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Eldorado’s recently strengthened projects team, led by Gordana Vicentijevic, Senior Vice President, Projects, will continue to oversee major projects globally and future development activities.

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