Eldorado Gold Corporation has advised Brazauro that during the nine month period from August 2008 through the first quarter of 2009 it has expended C$5.1 million on Brazauro’s Tocantinzinho Project in Brazil for exploration, drilling, capital expenditures and other related matters. Under the terms of the Option/Joint Venture Agreement between Brazauro and Eldorado, before Eldorado may exercise its options to acquire up to a 75% interest in the Tocantinzinho Project, Eldorado must spend not less than C$9.5 million in qualified expenditures such as for mining equipment by July 28, 2010.For mining equipment to Brazil, contact MSloane Consulting.
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