Gelum Resources Ltd. has mobilized a Hydracore 2000 drill rig to the Eldorado Gold property and started drilling a 3000-metre helicopter-supported programme targeting high-grade gold mineralization. The Eldorado Gold Project Drill Programme: Gelum has engaged Quesnel Bros. Diamond Drilling (Quesnel) to drill approximately 3000 metres from ten (10) drill pads located targeting gold-arsenic-antimony geochemical anomalies and their possible source structures.

The areas to be tested have very shallow or no previous record of historical drilling. Quesnel will use a lightweight Hydracore 2000 drill rig and helicopter service will be provided by Blackcomb Helicopters, with a base in nearby Gun Lake. The first drill hole will be collared near the entrance to the Northern Lights No.

1 historical adit, where a 4,643-pound sample of sulphide-vein mineralization from an adjacent historical test pit returned 1.74 ounces/ton (2108 kg at 54 g/t) in 1934. Several directions of gold-bearing sulphide veins are present in addition to thick panels of listwanite cutting the Eldorado diorite and older Bralorne greenstone units over 1000 metres along strike, on the east slope of the highly gold- anomalous ridge leading south from Nea Peak. The second hole will target this mineralization along strike 250 metres to the north of the first.

The remaining holes are targeting the large gold-arsenic-antimony talus geochemical anomaly 1500 metres to the north, as well as the north end of a highly gossanous, gold-mineralized feldspar-porphyry dike on the Robson claim. Readers are cautioned that surface sampling results reported here should be viewed primarily as a guidance for future exploration drilling. Surface sampling is prone to sampling bias and is not necessarily a reliable indicator of mineralization at depth.

The qualified person for this release has not done sufficient work to independently verify the historical sampling results described above. High-grade gold mineralization in similar listwanite-bearing rocks on the southern portions of the same north-northwest, regional fault structures is being successfully targeted by Endurance Gold Corporation on their Reliance Gold project, located 14 kilometres to the southeast. Tempus Resources Ltd. is successfully targeting similar orogenic gold mineralization on the Elizabeth Gold Project, located 25 kilometres east of Eldorado, and hosted in similar geological units (Late Cretaceous diorite intruding ultramafic rocks).

Talisker Resources are actively expanding resources at the Bralorne mine and exploring a wide area east and north of the Eldorado claim block. The Eldorado Gold Property is located 22 kilometres north of the Bralorne mine, and 17 kilometres North of the community of Gold Bridge. The 9028-hectare property covers multiple Minfile listings and two past-producing (1930s & 40s), small-scale gold mines that form the northern extent of the Bridge River-Bralorne/Pioneer orogenic gold system.

Gold occurs in polymetallic sulphide veins and vein-stockworks within broad quartz-carbonate alteration in the Eldorado granodiorite stock and surrounding rocks. These units are complexly juxtaposed by numerous faults associated with regional-scale structures linked to gold mineralization.