Eldorado Gold purchases additional shares of Amex Exploration

Eldorado Gold (EGO) advises that effective December 17, it has acquired ownership of 14,868,200 common shares of Amex Exploration (AMXEF) at a price per Share of C$4.00, for total consideration of C$59,472,800, pursuant to a private agreement with a third party. Prior to the Share Acquisition, Eldorado beneficially owned and controlled 23,758,130 common shares of the Company and 207,000 common share purchase warrants, each warrant entitling the holder to acquire one Share, representing approximately 16.77% of the outstanding common shares on a non-diluted basis and approximately 16.89% on a partially diluted basis assuming full exercise of the Warrants. Following the Share Acquisition, Eldorado beneficially owns and controls 38,626,330 Shares and 207,000 Warrants representing approximately 27.27% of the outstanding common shares on a non-diluted basis and approximately 27.37% on a partially diluted basis assuming full exercise of the Warrants.