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Eldorado Gold Completes First Shipment of Iron Ore from Vila Nova Mine in Brazil

Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, (TSX:ELD)(NYSE:EGO)(ASX:EAU) has announced that Eldorado has completed its first shipment of iron ore produced from its Vila Nova Mine, located in Amapa State, Brazil.

Loading of the shipment was completed on November 2, 2010 and the vessel has left the port facility.

This shipment consisted of 45,000 tonnes of lump ore grading approximately 63% Fe that was sold into the Chinese spot market. The next shipment will occur later in November 2010 and will consist of an additional 45,000 tonnes of sinter ore.

These shipments are part of the 2010 trial mining plan which was developed to test the ore quality, plant throughput and transportation logistics. Vila Nova intends to ship an additional 90,000 tonnes under this plan.

Paul N. Wright commented, "We are pleased to be able to realize the first shipment of iron ore from our Vila Nova Mine and I would like to thank our Brazilian team for their outstanding efforts. Vila Nova is part of our strategy to expand our business in Brazil which we see as an important component in the continued growth of Eldorado Gold."

Source: Eldorado Gold Corporation

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