Eldora Gold Resources Expects New Tailings

Test Results from Kenora in May

March 18, 2011 By eldora

(Winona) – Eldora Gold Resources Ltd. has begun first stage testing of tailings material from a
small-scale Kenora Mining District property owned by a private company. The tailings are
contained in two disposal sites from milling operations that ceased in the early 1900′s. To start,
10 kg of sample will be tested through Eldora’s laboratory-scale GravSep™ system for gold
recovery and for suitability for remediation. Results from this initial testing are expecting to be
received by early May 2011.`

Eldora showcased its physical separation process, called GravSep™, at the PDAC conference in
Toronto last week. The GravSep™ enables the company to extract valuable mineral content
from tailings, and eventually returning those cleaned tailings back to the environment. Eldora
Gold’s Tailings Processing division will begin to establish a new mill on its first prioritized
tailings disposal site in Kirkland Lake, Canada, having already conducted on-site sample testing
and results evaluation.

Historically, tailings have always been an unwanted byproduct of mining from an environmental
standpoint, greatly affecting wildlife and water tables negatively. 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 mine
owners incentive to use Eldora Gold technology to stop the continued destruction of the
environment.

Profitably addressing the critical clean-up challenges facing current owners of former mining
sites, the chemical-free GravSep™ process enables niche deposits anywhere in the world to be
considered for successful treatment and rehabilitation, while extracting and recovering mineral
concentrates that 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. Once extracted, these concentrates will contain the majority of minerals with
recoverable metallic values presently residing in the tailings, which coincidentally are the
minerals responsible for the adverse environmental consequences of the original tailings’
disposal.

Eldora Gold Resources Ltd. is a Canadian company, dedicated to evaluating and prioritizing
tailings ponds, as well as the chemical-free recovery and sale of extracted minerals in the form of
a valuable concentrate; Eldora Gold is listing its common shares on the Frankfurt Stock
Exchange (symbol ER5), Open Market.