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 |
July 30, 2026 |
Eldorado Gold Announces Board Leadership Transition
Dan Myerson appointed Chair and Patrick Godin
appointed Lead Independent Director
VANCOUVER, BC – Eldorado Gold Corporation
(TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) today announced the completion of the Board of Directors
leadership transition process previously outlined by the Company.
Effective today, Steven Reid has stepped down
as Chair and from the Board after more than five years as Chair and 13 years of service as a director. The Board has appointed Dan Myerson
as Chair of the Board and Patrick Godin as Lead Independent Director. The appointments form part of the Board's ongoing and previously
announced succession and renewal process and support continuity in governance as Eldorado advances through a period of significant growth.
"On behalf of the Board and management team, I
would like to thank Steve for his leadership, strategic guidance and dedication to Eldorado over the past 13 years," said George
Burns, Chief Executive Officer. "As Chair, Steve has helped guide the Company through a transformative period, including the advancement
of Skouries, the acquisition of Foran and McIlvenna Bay, and the development of a strong governance framework that positions Eldorado
for continued success."
"Dan and Patrick bring a highly complementary
combination of strategic, operational and governance experience," added Mr. Burns. "Dan has a deep understanding of our
business, growth projects and long-term value creation opportunities, while Patrick contributes more than four decades of operational
and leadership experience in the mining industry. Together, they will provide strong support and oversight as we enter the next phase
of Eldorado's growth."
Mr. Myerson joined Eldorado's Board following
the acquisition of Foran Mining Corporation and has served as Deputy Chair since that time. A mining entrepreneur, he most recently served
as Chief Executive Officer and Executive Chair of Foran, where he led the development of the McIlvenna Bay Project and helped establish
the company as one of the sector's leading growth stories. Prior to Foran, he held senior roles with Glencore's Canadian zinc business
and global trading group.
"I look forward to serving as Chair at this
important time in Eldorado's evolution," said Mr. Myerson. "With Skouries nearing commercial production, McIlvenna Bay
ramping up operations, a strong portfolio of growth opportunities across the business and some of the longest mine lives and progress
towards the lowest costs in the global critical minerals and precious metals sectors, Eldorado is positioned to maximize value per share
and create incredible value for owners and stakeholders. . I look forward to working closely with Patrick and my fellow directors as we
continue to support management's focus on disciplined execution, operational excellence and responsible growth and long-term shareholder
value creation.”
Mr. Godin brings more than 40 years of mining
industry experience and has held executive leadership positions spanning mine construction, operations, safety performance and corporate
growth initiatives. His extensive operational experience provides valuable insight as Eldorado continues to advance and optimize its portfolio
of assets.
As Lead Independent Director, Mr. Godin will
support effective Board governance and serve as a key liaison among the independent directors, the Chair and management.
About Eldorado Gold
Eldorado is a gold, copper and base metals producer
with mining, development and exploration operations in Canada, Türkiye, and Greece. 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: expected benefits and responsibilities
in relation to changes of the Board; our ongoing succession and renewal process and expected benefits thereto; expectations of Skouries
nearing commercial production and McIlvenna Bay ramping up operations; expectations of mine lives and low costs; expectations that we
have a strong portfolio of growth opportunities and that we are well positioned to maximize value and create value for owners and stakeholders;
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, the McIlvenna Bay Project and
our other operating mines and development projects; and 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, the McIlvenna Bay 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.