Eldora Gold Resources Initial GravSep ™ Environmental Tests

Provide Positive Results; Eldora’s First Step toward

Rehabilitating Tailings Ponds

(Toronto) – Eldora Gold Resources Inc. is pleased to announce the results of

a recently completed acid base accounting (ABA) analysis. This static
environmental analysis was performed by AGAT Laboratories of Mississauga,
Ontario on a sample of rougher tailing material from the GravSep™ pilot
plant conducted at the Kirkland Lake tailings site.

Eldora is encouraged by the Net Neutralization Potential (NNP) value of 66.2,

as values of NNP greater than 20 are not likely to produce acid. The NP/AP
value of 3.38 suggests that the material falls in the “not potentially acid rock
drainage generating unless extremely reactive sulphides are present with
insufficiently reactive neutralizing potential” category. The paste pH value of
8.06 indicates that the material will likely remain sufficiently alkaline.

Eldora researchers will conduct follow up testing involving the planting of

hemlock seedlings in a 6 cm humus layer on GravSep™ rougher tailing while
continuing to test the potential for sustained rehabilitation efforts. This will
enable a soil base which may support vegetative rehabilitation without
resorting to further and ongoing chemical treatment.

The Eldora seedlings test is designed to check if vegetative rehabilitation in

the form of the original forest cover can be achieved with no requirement to
add carbonate (usually limestone) or supply a humus cover of at least 0.5
metre. The ‘standard treatment’ for the rehabilitation of sulphide tailings
ponds involves:

a) Catching and treating the runoff and groundwater for dissolved metals,

b) Monitoring the above for approx 100 years,

c) Adding sufficient carbonate to the tailings sands to neutralize anticipated

acid generation, and

d) Covering the contoured sands with at least 0.5 metre of humus or

composted organics and establishing a grass cover.

Clearly, if Eldora’s method can be proven in the field, it will represent a

major cost savings over current standard practice, and set up conditions for
future harvesting of a renewable resource: tailings.
Profitably addressing the critical clean-up challenges that face owners of
former mining sites globally, the chemical-free GravSep™ process enables
niche deposits to be considered for successful treatment and rehabilitation,
while extracting and recovering valuable mineral concentrates which have
significant deleterious environmental effects when left in-situ. Eldora Gold
provides portable and simple to maintain equipment that can be specifically
tailored to each deposit.

Tailings have always been an unwanted byproduct of mining from an

environmental standpoint, greatly affecting wildlife and water tables for
years to come. GravSep™ drastically reduces the acid forming mineral
content of these tailings during the mineral extraction process. The result is
cleaner tailings. The profitable sale of the recovered mineral concentrate
provides the incentive to use Eldora Gold technology to stop the destruction
of the environment.