Eldorado Gold Reminds Shareholders to Vote FOR the Share Issuance Resolution and Foran Mining Reminds Securityholders to Vote FOR the Arrangement Resolution

Executive Summary

• Eldorado Gold and Foran Mining are reminding shareholders to vote in favor of the proposed plan of arrangement, with proxy voting deadlines set for April 2, 2026, and special meetings scheduled for April 7, 2026.
• Under the terms of the arrangement, Foran shareholders will receive 0.1128 of an Eldorado common share plus C$0.01 in cash for each Foran common share held, resulting in Foran becoming a wholly-owned subsidiary of Eldorado.
• The combined entity aims to deliver peer-leading near-term growth through the Skouries and McIlvenna Bay projects, targeting commercial production in Q3 2026 and mid-2026, respectively, with expected 2027 EBITDA of approximately $2.1 billion.

Key Details

• Transaction Structure: Foran shareholders receive 0.1128 Eldorado common shares + C$0.01 cash per Foran share; Foran becomes a wholly-owned subsidiary.
• Voting Schedule:
  • Proxy Voting Deadline: April 2, 2026, at 10:00 a.m. (Vancouver time).
  • Eldorado Special Meeting: April 7, 2026, at 10:00 a.m. (Vancouver time) at Blake, Cassels & Graydon LLP.
  • Foran Special Meeting: April 7, 2026, at 1:00 p.m. (Toronto time) at McCarthy Tétrault LLP.
• Strategic Rationale & Financial Projections:
  • Expected 2027 EBITDA: ~$2.1 billion.
  • Expected 2027 Free Cash Flow: ~$1.5 billion.
  • Combined Portfolio Exposure: ~77% gold, ~4% silver, ~15% copper, ~4% other metals.
  • Jurisdictions: Canada, Greece, and Türkiye.
• Project Timelines:
  • Skouries: Advancing toward commercial production in Q3 2026.
  • McIlvenna Bay: Advancing toward commercial production in mid-2026.
• Exploration Upside: Acceleration of Foran's high-grade polymetallic Tesla zone and exploration surrounding Eldorado's existing assets.
• Board Recommendation: Unanimous recommendation from both Boards of Directors to vote FOR the respective resolutions.

Notable Quotes

• "The Boards of Directors of Eldorado and Foran believe the proposed arrangement is in the best interests of their respective companies and stakeholders."
• "The proposed Arrangement will bring together Eldorado's established operating platform and financial strength with Foran's highly attractive copper growth profile."