Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1

NEWS RELEASE
| TSX: ELD NYSE: EGO | |
| October 9,
2026 |
Eldorado Gold’s
Skouries Mine Designated as a Strategic Project
Under the EU
Critical Raw Materials Act
VANCOUVER, BC – Eldorado Gold Corporation
(TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) today announced that the European Commission has designated
its Skouries copper-gold mine in northern Greece as a Strategic Project under the European Union’s Critical Raw Materials Act (“CRMA”).
The designation recognizes the importance of Skouries
in supporting the European Union’s efforts to strengthen domestic supply chains for critical raw materials and enhance long-term supply
security. Copper is listed as a strategic raw material under the CRMA and is a critical metal for electrification, renewable energy infrastructure,
advanced manufacturing, and Europe’s broader energy transition.
“The designation of Skouries as a Strategic
Project underscores its importance not only to Greece, but also to Europe as a whole,” said Christian Milau, President and Chief
Executive Officer. “As one of the largest new copper-gold mines in Europe, Skouries is positioned to support the secure and responsible
supply of critical raw materials that are essential to economic growth, industrial competitiveness and the energy transition. This recognition
highlights the strategic significance of the project and the important role it can play in strengthening Europe’s long-term supply chain
resilience.”
Located in the Halkidiki region of northern Greece,
Skouries recently began operations and is expected to become a significant producer of both copper and gold over its approximately 20-year
mine life. The project represents more than US$2 billion of investment and is expected to support hundreds of direct jobs and economic
activity throughout the region.
The CRMA was adopted by the European Union to
strengthen the region’s access to critical raw materials and reduce dependence on external sources of supply. Strategic Projects are selected
based on their potential contribution to European supply security, technical feasibility, sustainability standards, and broader benefits
to the European Union.
About Eldorado Gold
Eldorado is a gold, copper and base metals producer
with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated
workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s
common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, VP, Investor Relations, Communications &
External Affairs
647 271 2827 or 1 888 353 8166
lynette.gould@eldoradogold.com
Media
Chad Pederson, Director, Communications and Public
Affairs
236 885 6251 or 1 888 353 8166
chad.pederson@eldoradogold.com
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information
provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information
can be identified by the use of words such as “anticipate”, “believe”, “budget”, “continue”,
“commitment”, “confident”, “estimate”, “expect”, “focus”, “forecast”,
“foresee”, “future”, “goal”, “guidance”, “intend”, “opportunity”,
“outlook”, “plan”, “potential”, “project”, “prospective”, “schedule”,
“strive”, “target”, “underway”, “working” or the negatives thereof or variations of such
words and phrases or similar words or statements that certain actions, events or results “can”, “could”, “likely”,
“may”, “might”, “will” or “would” be taken, occur or be achieved.
Forward-looking statements or information contained
in this news release include, but is not limited to, statements or information with respect to: management’s beliefs on the importance
of the Skouries project to European Union domestic supply chains, supply security, the supply of critical raw materials and resulting
impacts on growth, competitiveness and energy transition; expected production and mine life; the scope of expected jobs and economic activity
which Skouries supports; and generally, Eldorado’s strategy, focus, plans, goals and priorities.
Forward-looking statements and forward-looking
information by their nature are based on a number of assumptions that management considers reasonable. However, if such assumptions prove
to be inaccurate, then actual results, activities, performance, or achievements may be materially different from those described in the
forward-looking statements or information. These include assumptions concerning, among other things: timing, costs and results of our
construction and development activities, improvements and exploration, including at the Skouries Project, and our other operating mines
and development projects; general market conditions, including prevailing market prices of our common shares and other available investment
and business opportunities. In addition, except where otherwise stated, we have assumed a continuation of existing business operations
on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations
represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information
will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Forward-looking statements or information contained
in this news release are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events
or results to differ from those expressed or implied by the forward-looking statements or information, including, but not limited to:
commodity price risk; construction and development risks at the Skouries Project and our other construction and development projects;
general market conditions, including prevailing market prices of our common shares, and other available investment and business opportunities;
and those risk factors discussed in the section titled “Risk Factors in Our Business” in the Company’s most recent Annual
Information Form and Form 40-F. The reader is directed to carefully review our most recent Annual Information Form, Form 40-F
and other regulatory filings filed on SEDAR+ and EDGAR under our Company name for a fuller understanding of the risks and uncertainties
that affect the Company’s business and operations.
The inclusion of forward-looking statements and
information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not
be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, we do
not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion
of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and
the United States. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.