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      Eldorado announces successful repatriation of funds from China
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VANCOUVER, BC -- Paul N. Wright, President and Chief Executive Officer
of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") is
pleased to announce that the Board of Qinghai Dachaidan Mining Limited
("QDML"), the joint venture that owns the Tanjianshan gold mine, has
declared a US$3.0 million dividend. This dividend has been paid and
Eldorado has received its 90% share of funds through its Barbados
subsidiary. The QDML Board has also authorized payment of US$8.0
million of inter-company debt to Eldorado. These funds have also been
received by the Company.

"We have been extremely pleased with our operations at the Tanjianshan
gold mine. The dividend and repayment of intercompany debt is further
confirmation that China is a favorable mining and business
jurisdiction," commented Paul N. Wright, President and Chief Executive
Officer. "We would like to thank our partners and employees for their
diligence and commitment to build a successful mining operation in
China which will serve as a foundation for further growth opportunities
in the country"

Eldorado is a gold producing and exploration company actively growing
businesses in Brazil, Turkey, China, Greece and surrounding regions.
With our international expertise in mining, finance and project
development, together with highly skilled and dedicated staff, we
believe that Eldorado is well positioned to grow in value as we create
and pursue new opportunities.


ON BEHALF OF
ELDORADO GOLD CORPORATION

"Paul N. Wright"

Paul N. Wright
President & Chief Executive Officer

Certain of the statements made herein may contain forward-looking
statements or information within the meaning of the United States
Private Securities Litigation Reform Act of 1995, and forward looking
statements or information within the meaning of the Securities Act
(Ontario) . Such forward looking statements or information include, but
are not limited to statements or information with respect to unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements or information
are subject to a variety of risks and uncertainties, which could cause
actual events, or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these
risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described in forward looking statements. Specific reference is made to
"Forward Looking Statements and Risk Factors" in the Company's Annual
Information Form and Form 40-F dated March 31, 2008. Forward-looking
statements herein include statements regarding the expectations and
beliefs of management. Such factors included, amongst others the
following: gold price volatility; impact of any hedging activities,
including margin limits and margin calls; discrepancies between actual
and estimated production, between actual and estimated reserves, and
between actual and estimated metallurgical recoveries; mining
operational risk; regulatory restrictions, including environmental
regulatory restrictions and liability; risks of sovereign investment;
speculative nature of gold exploration; dilution; competition; loss of
key employees; additional funding requirements; and defective title to
mineral claims or property, as well as those factors discussed in the
section entitled "Risk Factors" in the Company's Annual Information
Form and Form 40-F dated March 31, 2008. We do not expect to update
forward-looking statements continually as conditions change and you are
referred to the full discussion of the Company's business contained in
the Company's reports filed with the securities regulatory authorities
in Canada and the U.S.

Eldorado Gold Corporation's shares trade on the Toronto Stock Exchange
(TSX: ELD) and the American Stock Exchange (AMEX: EGO). The TSX has
neither approved nor disapproved the form or content of this release.

Contact:
Nancy E. Woo, Vice President Investor Relations
Phone: 604.601.6650 or 1.888.353.8166
Fax: 604.687.4026
Email nancyw@eldoradogold.com
Request for information packages: info@eldoradogold.com

Eldorado Gold Corporation
1188, 550 Burrard Street
Vancouver, BC V6C 2B5
Website: www.eldoradogold.com

To View this News Release in PDF format click here
http://www.eldoradogold.com/i/pdf/08-26.pdf

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Copyright (c) 2008 ELDORADO GOLD CORP. (ELD)  All rights reserved.  For
more information visit our website at http://www.eldoradogold.com/ or
send mailto:info@eldoradogold.com
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