Entree Gold Statement Regarding Mining Licences in Mongolia
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/26/13 -- Entree
Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) ("Entree" or the
"Company") has recently become aware of reports in Mongolia regarding
the status of Shivee Tolgoi mining licence #15226A and Javhlant
mining licence #15225A. At this time, the Company has not received
formal notification from any government agency regarding the status
of the licences and is seeking clarification.
The Shivee Tolgoi and Javhlant mining licences are subject to a joint
venture with Oyu Tolgoi LLC, a Mongolian company jointly owned by the
Government of Mongolia and Turquoise Hill Resources Ltd. Under the
joint venture, Entree retains a 20% interest in the production from
the mining licences, while Oyu Tolgoi LLC has the remaining 80%
interest. Oyu Tolgoi LLC is currently developing the world class Oyu
Tolgoi mining complex in southern Mongolia.
The Company will continue to investigate this matter and advise our
ABOUT ENTREE GOLD INC.
Entree Gold Inc. is a Canadian mineral exploration company balancing
opportunity and risk with key assets in Mongolia and Nevada.
Rio Tinto and Turquoise Hill Resources (formerly Ivanhoe Mines) are
major shareholders of Entree, holding approximately 12.9% and 10.7%
of issued and outstanding shares, respectively. Rio Tinto, through
its majority ownership of Turquoise Hill Resources, beneficially owns
23.6% of Entree's issued and outstanding shares.
Entree Gold Inc.
Manager, Investor Relations
604-687-4777 or Toll Free: 866-368-7330
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