Eldorado Gold Corporation and Foran Mining Corporation Merger Announcement

Eldorado Gold Corporation ("Eldorado") and Foran Mining Corporation ("Foran") have announced a proposed plan of arrangement whereby Eldorado will acquire Foran. The transaction requires approval from both Eldorado shareholders (for the share issuance) and Foran securityholders (for the arrangement). The boards of directors of both companies unanimously recommend voting in favor of the resolutions. Eldorado shareholders are reminded to vote by April 2, 2026. The proposed arrangement is expected to combine Eldorado's operating platform with Foran's copper growth profile, with Foran shareholders receiving 0.1128 Eldorado shares and C$0.01 cash per Foran share. The combined entity anticipates significant EBITDA and free cash flow, a diversified asset base, and substantial exploration upside. Both companies emphasize the strategic rationale, including peer-leading growth from the Skouries and McIlvenna Bay projects, sustainability focus, and potential for a valuation re-rate. Shareholders with questions can contact Laurel Hill Advisory Group.