Ivanhoe Mines Ltd T.IVN

Entree Gold now within 100 meters of IVN

[RGS1]

: Advances Exploration on Shivee Tolgoi: Far North Work; Currently Underway on Ivanhoe's Oyu Tolgoi Now Within 100 Meters Of Entree's Shivee Tolgoi Property, Mongolia ENTREE GOLD INC ("ETG-V") - Advances Exploration on Shivee Tolgoi: Far North Work - Currently Underway on Ivanhoe's Oyu Tolgoi Now Within 100 Meters - Of Entree's Shivee Tolgoi Property, Mongolia Gregory G. Crowe, President, Entree Gold Inc. (Entree) is pleased to report that exploration work has commenced on the company's strategically located Shivee Tolgoi (Lookout Hill) gold-copper property, South Gobi Region, Mongolia. The 179,590 hectare Shivee Tolgoi concessions completely surround, and are contiguous on all sides with, Ivanhoe Mines Inc.'s ("Ivanhoe") Oyu Tolgoi (Turquoise Hill) property, on which Ivanhoe previously has reported Far North Zone drill intercepts of 638 metres averaging 1.61% copper and 0.07 g/t gold including 114 metres of 3.58% copper and 0.23 g/t gold. More recently, on October 30, 2002, Ivanhoe announced new drilling results, closer to the boundary with Entree's Shivee Tolgoi property, which contain "the most impressive mineral intercepts encountered at Oyu Tolgoi". Ivanhoe has identified five mineralized zones developed along a northerly trending structural corridor. This trend extends from Ivanhoe's Far North Zone to Entree's Shivee Tolgoi property, where Entree field crews are currently conducting geophysical and geochemical surveys. Ivanhoe has extended its Far North Zone geophysical and geochemical grid northwards, to within 100 metres of Entree's Shivee Tolgoi Property. Additionally, Entree will conduct geochemical and geophysical (IP) surveys along the projected southern extension to the Ivanhoe gold-copper mineralized system (see Entree's Website at www.entreegold.com to view property map). Entree will also be completing trenching, sampling and geophysical (IP) surveys on the Zone III area epithermal gold target, where Robert F. Weicker, P.Geo., an independent qualified person, as defined by National Instrument 43-101, recently collected select grab samples of brecciated and quartz veined altered volcanics yielding gold values of 23.6 g/t, 1.72 g/t and 29.2 g/t gold. This mineralized zone extends northwards under shallow cover. Weather permitting, additional work (IP) will be conducted in the NE area of quartz veining and stockwork alteration, where samples collected by Entree yielded elevated copper and gold, with one sample yielding 2.6 g/t gold (see October 18, 2002 News Release). All samples reported in this release were analyzed at the Australian owned laboratory of SGS Analabs Pty. Ltd. Continued updates to Entrees exploration program and additional information can be viewed by visiting the company's website at www.entreegold.com. TEL: [phone] Entree Gold Inc. Gregory G. Crowe, President E-mail: [e-mail] Internet: www.entreegold.com ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:[phone] All rights reserved. Fax:[phone] MarketbyFax(tm) - To get the NEWS as it happens, call [phone]. MNP:SD021106082331-000105 End of News