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Re:   2009 - Tuesday, January 06, 2009
      Efem�ukuru North Ore Shoot Drilling Continues to Grow Deposit
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VANCOUVER, BC - Paul N. Wright President and CEO of Eldorado Gold
Corporation ('Eldorado" the "Company" or "we") is pleased to announce
results from our first 5 holes testing the North Ore Shoot (NOS) at the
Efem�ukuru Project in Western Turkey.   The program is designed to test
the lateral and down plunge extension of this poorly defined third ore
shoot in the Efem�ukuru system.    Drilling is planned to continue
throughout the first quarter 2009.    
 
Results are shown in Table 1 and illustrated in a Longitudinal Section.
 Calculated intervals generally used a 3 g/t gold cut off.

Table 1: EFEM�UKURU  NOS  DRILL  RESULTS
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Hole ID   m From    m To   Interval  Estimated True   Gold     Silver
                              m      Width  m      Grade g/t  Grade g/t
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KV - 294  140.3    144.2     3.9        2.9      9.7 24.9
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KV - 296  168.2    169.6     1.4 1.2     24.6 51.1
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KV - 298   98.4    104.6     6.2 5.0      6.7 82.5
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KV - 299  129.6    134.0     4.4 4.1     21.1 52.7
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KV - 301  155.1    157.4     2.3 2.1     23.1 77.1
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The positive results show strengthening of the grades and value of the
NOS system laterally and at depth.  The gold mineralization is
consistently associated with high silver values and anomalous base
metal concentrations.   At present the NOS mineralization is not
included in the Efem�ukuru Project mining plan. 
 
"These excellent results demonstrate the potential for the North Ore
Shoot to contribute to additional reserve growth at Efem�ukuru beyond
the current 1.2 million ounces." commented Paul Wright, President and
CEO.

Stephen Juras, Ph.D., P.Geo., Manager, Geology is the qualified person
for the technical disclosure in this press release.  Samples are
prepared at Eldorado's facility in Turkey and assayed at the ALS
facility at Vancouver, Canada.  Analysis for gold is done on sawn half
core samples using fire assay (AA finish).  Higher grade samples
(≥ 5 g/t) were re-assayed using fire assay with a gravimetric
finish.  Standard reference materials, blank and field duplicate
samples are inserted prior to shipment from site to monitor the quality
control of the assay data.  In addition, about 20% of the samples were
re-submitted for duplicate analysis at Assayers Canada laboratory in
Vancouver, Canada. 

Eldorado is a gold producing, exploration and development company
actively growing businesses in Brazil, Turkey, China, Greece and the
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 monetizing
the AngloGold American Depositary Shares described above, internal
growth prospects and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
AngloGold or Eldorado, 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 Eldorado's Annual Information Form and Form 40 F dated
March 31, 2008.  Such factors include, amongst others, the following:
delays in respect of, or an inability to, monetize the AngloGold
American Depositary Shares described above; 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 Eldorado's Annual Information Form and Form 40-F
dated March 31, 2008.  Except as required by law, we do not expect to
update forward-looking statements continually as conditions change and
you are referred to the full discussion of Eldorado's business
contained in Eldorado's reports filed with the securities regulatory
authorities in Canada and the U.S.

Eldorado Gold Corporation common shares trade on the Toronto Stock
Exchange (TSX: ELD) and the NYSE Alternext US (NYSE-A: 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

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

Request for information packages: laurelw@eldoradogold.com


To view News Release PDF, please click link below:
http://www.eldoradogold.com/i/pdf/2009-01-06_NR.pdf

To view Efem�ukuru North Ore Shoot Figure, please click link below:
http://www.eldoradogold.com/i/pdf/09-01-NOS-Figure.pdf

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Copyright (c) 2009 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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