1 ELDORADO GOLD Tomorrow, Together Eldorado Gold Year in Review 2017 About “Tomorrow, Together” “Tomorrow, Together” is a reflection of our belief that in mining the hard work of taking a project from exploration to reclamation can only be done with support from, and in partnership with, our employees, local communities and host governments. Our goal is to work with our stakeholders to build a stronger future. This 2017 Year in Review report (the “Report”) has been produced Table of Contents in accordance with the requirements of the “Core” Global Reporting Initiative (GRI) fourth generation (G4) Sustainability Reporting Guidelines, Eldorado Gold at a Glance ..................................................................1 and includes data on Eldorado Gold Corporation’s (“Eldorado” or “the Letter from the President & CEO ........................................................ 2 Company”) four producing mines in 2017, as well as its construction and development projects. However, the performance data focuses on our Our Business ................................................................................ 4 producing assets – Kışladağ, Efemçukuru, Olympias and Stratoni. As our 2017 Key Outcomes ....................................................................... 5 Lamaque site was acquired part way through 2017, its operations are not Creating Value Throughout the Mining Life Cycle ........................... 6 included in this Report unless otherwise noted. Data represents the full Our Products ................................................................................ 10 2017 calendar year and, unless otherwise noted, all costs are reported in Where We Operate ................................................................... 12 US dollars. Although we do not have the Year in Review Report externally Operating Mines ....................................................................... 14 verified, the content has been prepared and reviewed internally. Kışladağ ....................................................................................... 14 Efemçukuru ................................................................................. 15 Please note that, where applicable, restatements of prior year data have Stratoni ........................................................................................ 16 been highlighted throughout the Report. Restatements occur as a result of Olympias ...................................................................................... 17 updated or more accurate data becoming available after the release of our Construction Projects ................................................................ 18 previous Year in Review Report on June 8, 2017. Lamaque ...................................................................................... 18 We welcome feedback from all stakeholders regarding our sustainability Skouries ....................................................................................... 19 reporting. Please direct comments or requests for further information Development Projects ............................................................... 20 to [email protected]. Tocantinzinho ............................................................................... 20 Certej ........................................................................................... 20 Perama Hill................................................................................... 20 Other In-Country Sustainability Reporting Exploration Highlights .............................................................. 21 In addition to this Report, our Greek subsidiary, Hellas Gold S.A., publishes Responsible Mining: Our Approach ......................................... 22 an annual GRI aligned Corporate Social Responsibility Report, and our UN Sustainable Development Goals.............................................. 24 Turkish subsidiary, Tüprag Metal Madencilik Sanayive Ticaret A.S., publishes Corporate Governance and Transparency ..................................... 26 a biannual magazine Altin Sayfa (Golden Page) that includes articles, case Our Performance and Targets ....................................................... 27 studies and news relevant to our Turkish mines’ social and environmental Materiality ................................................................................. 30 performance during the period. Analysis of Material Topics ............................................................ 32 Materiality Matrix ......................................................................... 32 Materiality Results ........................................................................ 33 Responsible Performance ......................................................... 34 Economic Performance ................................................................. 35 Responsible Corporate Citizenship ............................................... 36 Providing Decent Work ............................................................. 42 Keeping Our People Safe .............................................................. 43 Providing Employment and Economic Growth .............................. 47 Cover image: Surveying in the open pit Working with Communities ..................................................... 56 at Kışladağ, Turkey. Respecting Our Environment ................................................... 62 Climate Change ........................................................................... 65 Water Usage ................................................................................ 69 Reserves and Resources ............................................................ 74 GRI G4 “Core” Content Index ................................................... 76 Cautionary Note ........................................................................ 82 Corporate Information .............................................................. 83 Glossary of Acronyms, Symbols and Abbreviations ............... 84 1 ELDORADO GOLD Eldorado Gold at a Glance KEY FACTS AND FIGURES Eldorado is a Canadian mid-tier gold mining company, with shares trading on the Toronto (TSX: ELD) and New York (NYSE: EGO) stock exchanges. Eldorado produced approximately 293,000 ounces of gold in 2017 and had 4,951 proven and probable gold reserves of 17.3 million ounces at year end. Employees and Eldorado’s operations are global and the Company has assets in Brazil, contractors world-wide Canada, Greece, Romania, Serbia and Turkey. Eldorado’s activities involve all facets of mining, including exploration, development, production and reclamation. 6 Headquartered in Vancouver, the Company directly employs approximately Countries of operation 4,950 people world-wide. Eldorado operates as a decentralized business, with the majority of employees and management being nationals of the Brazil, Canada, Greece, Romania, Serbia and Turkey countries in which operations and offices are located. Eldorado’s approach to business is based on having a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of 4 quality assets, and long-term partnerships with the communities in which Operating mines we operate. Kışladağ, Efemçukuru, Olympias and Stratoni At year end, Eldorado had a market capitalization of approximately $1.1 billion and revenues of approximately $391.4 million. For more information on Eldorado Gold, our entities and our performance, 2 please see our 2017 Annual Information Form on our website: Construction projects eldoradogold.com/investors/. Lamaque and Skouries 3 Development projects Certej, Perama Hill and Tocantinzinho 292,971 oz Gold produced in 2017 17.3 Moz Gold reserves at year end 25 years Two employees underground at Efemçukuru, Turkey. Experience building and operating mines globally 2 ELDORADO GOLD YEAR IN REVIEW 2017 Letter from the President & CEO Setting a positive precedent for responsible mineral extraction has been a priority for Eldorado since the Company was founded in 1992. Over the past two decades, Eldorado has brought leading safety and environmental standards to both new and existing mining jurisdictions, built relationships based on trust and respect, and worked together with local partners to create opportunities beyond our mines. TOMORROW, TOGETHER: OUR COMMITMENT TO SUSTAINABLE OPERATIONS Today, we continue to work with our stakeholders to build a stronger future. This includes working collaboratively with industry and peers to improve our sustainability performance, partnering with local communities to build long-term benefits, actively participating in several industry associations and applying world-class standards. We are proud of our certifications under the ISO 14001 Environmental Management System Standard, OHSAS 18001 Occupational Health and Safety Management System Standard, the International Cyanide Management Code (ICMC) and the World Gold Council’s Conflict-Free Gold Standard. We continue to seek ways in which our business activities can support the United Nations Sustainable Development Goals (SDGs), which are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. “Tomorrow, Together” is a reflection of our belief that in mining, the hard work of taking a project from exploration to reclamation can only be done with support from, and in partnership with, our employees, local communities and host governments. Mining is a complex, long-term