Entree Resources Ltd T.ETG

Assays Confirm Significant Copper and Gold

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Entree Gold Inc.: Assays Confirm Significant Copper and Gold at Copper Flats 4/27/05 VANCOUVER, British Columbia, Apr 27, 2005 (BUSINESS WIRE) -- Entree Gold Inc. (TSX VENTURE:ETG) ("Entree" or the "Company") is pleased to report on assay results from diamond drill hole EGD006, in which Ivanhoe Mines Ltd. (TSX:IVN)(NYSE:IVN) ("Ivanhoe") and Entree recently confirmed (News Releases of April 13 and 14, 2005, respectively) the extension of Hugo North Deposit high-grade copper mineralization to Entree's Copper Flats target area, immediately north of Ivanhoe's Oyu Tolgoi property. Diamond drill-hole EGD006 was collared approximately five metres north of the Entree/Ivanhoe property boundary. Copper and gold mineralization was encountered further north of this boundary, as the hole drifted northwards as it deepened. Strong copper mineralization was first intercepted at a down-hole depth of 992 metres (true depth of approximately 960 metres). Bornite and chalcopyrite (copper sulphide) mineralization occurs with pervasive quartz, sericite and advanced argillic alteration. Varying degrees of mineralization of this type were encountered to a down-hole depth of 1,250.7 metres. The hole was terminated at a depth of 1,279 metres, after intersecting the West Bat Fault at approximately 1,250 metres. Significant intercepts in EGD006 include: CopperDown-hole Interval Copper Gold Equivalentdepth metres metres % g/t (i) %992 - 1,250 258 2.56 1.17 3.31Includes1,008 - 1,146 138 3.96 1.65 5.011,038 - 1,146 108 4.63 2.06 5.941,108 - 1,136 28 5.47 4.19 8.14(i) Copper equivalent grades have been calculated using assumedmetal prices (US$0.80/lb. for copper and US$350/oz. for gold);%Cu equivalent equals %Cu + (Au(g/t)x(11.25/17.64)) Greg Crowe, Entree's President and CEO, commented: "These assays confirm the northward continuation of high-grade copper and gold mineralization encountered in the Hugo North Deposit. Ivanhoe has now deployed seven rigs that are evaluating exploration targets to the north of the Entree-Ivanhoe property boundary, with one hole, EGD006A, a 'daughter hole' of EGD006, designed to test the down-dip extension of this mineralized system." EGD006 has extended the length of the Hugo North high-grade copper-gold zone to greater than 1.8 kilometres. Hugo North is part of the three-kilometre-long Hugo Dummett Deposit, which, in turn, is part of the 6.1-kilometre-long chain of copper and gold deposits discovered to date by Ivanhoe at Oyu Tolgoi. Separately, Entree continues to explore the 140,000 hectares of its Lookout Hill property that lie to the west of the Entree/Ivanhoe Project, and are not subject to the project agreement. It has also commenced exploration on its Ulziit Uul property, located approximately 120 kilometres north of Lookout Hill. Robert Cann, P.Geo., Entree's Exploration Manager and a qualified person as defined by National Instrument 43-101, is responsible for the preparation of technical information in the Company's news releases. SGS Mongolia LLC prepares the split core at the project site and assays all samples at its facility in Ulaanbaatar, Mongolia. Ivanhoe's QA/QC program is monitored by independent consultant Dr Barry Smee, P.Geo., and managed on site by Dale Sketchley, M.Sc., P.Geo. Prepared standards and blanks are inserted at the sample preparation lab on the project site to monitor the quality control of the assay data. ABOUT ENTREE GOLD INC. Entree Gold Inc. (www.entreegold.com) is an exploration stage junior resource company engaged in the exploration of gold and copper prospects. The Company is a large landholder in Mongolia's south Gobi Desert, near the Chinese border. Entree maintains 100% royalty-free interest in the 179,590 hectare Lookout Hill (Shivee Tolgoi) property which completely surrounds Ivanhoe Mines Ltd.'s (Ivanhoe's) 8,500 hectare Turquoise Hill (Oyu Tolgoi) holdings. Ivanhoe has an earn-in agreement with Entree whereby Ivanhoe can earn up to an 80% interest in a project area covering approximately 22% (approximately 40,000 hectares) of Entree's Lookout Hill property by spending US$35 million on the project and financing Entree's subsequent share of project expenditures. The Company is a Tier 1 listed company that trades on the TSX Venture Exchange under the symbol "ETG". This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements in this news release include those concerning the Company's belief that the Hugo North Deposit extends onto Lookout Hill, that Ivanhoe will continue to explore joint Entree - Ivanhoe Project Property portion of the Company's Lookout Hill Property and that the results that may be obtained by the current exploration programs being carried out in the Lookout Hill Property by Ivanhoe and the Company will continue to be encouraging. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the British Columbia Securities Commission, which can be viewed at www.SEDAR.com, and with the United States Securities and Exchange Commission, which can be viewed at www.SEC.gov. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Entree Gold Inc. (TSX VENTURE:ETG) SOURCE: Entree Gold Inc. Primoris Group Kelly McCauley 866-368-7330 [e-mail] OR Entree Gold Inc. Mona Forster Business Manager [phone] www.entreegold.com Copyright Business Wire 2005