Integra Gold and Eldorado Gold Complete Plan of Arrangement

TSX-V: ICG; OTCQX: ICGQF

VANCOUVER, July 10, 2017 /CNW/ - Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF) ("Integra" or the "Company") is pleased to announce the successful completion of the plan of arrangement (the "Arrangement") by Eldorado Gold Corporation ("Eldorado") (TSX: ELD; NYSE: EGO) originally announced on May 15, 2017.  The Arrangement was approved by the shareholders of Integra at its special meeting on July 4, 2017 and received approval from the Supreme Court of British Columbia on July 7, 2017.

Pursuant to the Arrangement, Integra shareholders will collectively receive, for all the issued common shares of Integra that Eldorado did not already own, approximately CAD$129 million cash and 77 million common shares of Eldorado (representing approximately 10% of the total issued common shares of Eldorado, post-completion of the Arrangement).

Integra will continue as a wholly-owned subsidiary of Eldorado and Integra common shares will be delisted from the TSXV as soon as practicable.

About Integra Gold

Integra Gold is a junior gold exploration company. The Company's primary focus is its Lamaque project located in Val-d'Or, Québec, one of the top mining jurisdictions in the world. In the fall of 2014, Integra completed the accretive acquisition of the Sigma Mill and Mine Complex, a fully permitted 2,200 ton per day mill and tailings facility. With major federal and provincial permits in place, existing infrastructure and significant exploration potential, this acquisition removed major costs and shortened timelines typically associated with mine projects. Integra has raised over $150 million since 2013, at successively higher share prices, despite depressed gold prices.

About Eldorado

Eldorado is a leading intermediate gold producer with mining, development and exploration operations in Turkey, Greece, Romania, Brazil and Serbia. Eldorado's success to date is based on a highly skilled workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with the communities where they operate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this release may include statements or information with respect to the completed Arrangement, all of which involve known and unknown risks and uncertainties which may not prove to be accurate. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Among these risks and factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements are the following: uncertainties as to integration of, and plans respecting, the Company and Eldorado following completion of the Arrangement, market conditions and other risk factors listed from time to time in the Company's continuous disclosure documents filed with the Canadian securities regulators at www.sedar.com.  Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Integra Gold Corp.

Investor Relations: Krista Muhr, Vice President Investor Relations & Corporate Communications, Eldorado Gold Corporation, 604.601.6701 or 1.888.363.8166, [email protected]; Media: Louise Burgess, Director Communications & Government Relations, Eldorado Gold Corporation, 604.601.6679 or 1.888.363.8166, [email protected]