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      Perama Update
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VANCOUVER, BC - Paul N. Wright, President and Chief Executive Officer
of Eldorado Gold Corporation ("Eldorado" the "Company" or "we")
announced that the Company has been advised by its legal representative
in Athens that decisions have been reached pursuant to two outstanding
legal cases before the Athens Supreme Administrative Court.

"We had anticipated that the Petition of Annulment would be upheld by
the Conseil d'Etat and will now begin the process of reviewing the
requirements of the environmental impact study under the new
Pre-Approval Act 3010/2002. We view this outcome as an opportunity for
a fresh start for the Perama Hill Gold Project (the "Perama Project")
under the direction of the Eldorado team. Our efforts will be focused
on the successful management of the environmental impact study process
and building working relationships with the local communities",
commented Paul N. Wright, President and Chief Executive Officer.

Mr. Wright further noted that the likelihood of receiving an approved
Environmental Terms of Reference (the "ETR") within the next 18 months
is unlikely and therefore issuance of Eldorado shares pursuant to the
Exchange Receipt Indenture entered into in connection with the Frontier
Pacific Mining ("FRP") transaction is extremely remote.

In its Notice of Change of Information to the FRP Offer the Company
outlined its understanding of the three possible outcomes to the
litigation proceedings. The Company had been advised that there was a
strong likelihood that the Petitions for Annulment would be upheld and
that the Perama Project would be subject to submission of an
application for its ETR under the new Pre-Approval Act 3010/2002 which
became law in March 2003.

Petition for Annulment No: E3543 filed in 2000 by the Municipality of
Sappes challenged the Pre-approval Act 1650/1986 (the "Act") of the
Ministry of the Environment for the Perama Project. The Pre-approval
Act established the framework under which the environment impact study
for the Perama Project was prepared and filed. On August 18, 2008 the
7-Judge Panel of the 5th Session of the Conseil d'Etat ("CDE"), the
highest Supreme Administrative Court in Greece issued its Judgement No:
2315/2008. The CDE's ruling held the challenged Act as illegal. As a
result, it accepted the petition for annulment and invalidated the Act.
In the case of Petition for Annulment No: E3571 filed in 2000 in which
the Municipalities of Maronia and indviduals challenged the Act and on
August 18, 2008 the CDE issued its Judgement No: 2316/2008. The CDE's
ruling held that in view of the invalidation of the challenged
Pre-approval Act by previous judgement 2315, the CDE cancelled the
second case due to the previous Judgement 2315/2008. The decisions of
the CDE are definitive and final. We are awaiting receipt of the
written Judgements.

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

View News Release in PDF Format:
 File:  http://www.eldoradogold.com/i/pdf/08-25.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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