VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 24, 2009 -- Eldorado Gold Corporation ("Eldorado" or the "Company") (Toronto:ELD.TO - News)(AMEX:EGO - News) announced today that is has elected to withdraw its preliminary prospectus filed in connection with its previously announced public offering ("Offering"). While the Offering received strong support, the terms presented by our underwriters did not meet our minimum expectation of net proceeds without exceeding an acceptable limit of dilution. Accordingly, we are withdrawing our preliminary prospectus and will not be proceeding with the Offering and have no current intention of issuing further equity.