Erdene Provides Khundii Gold District Exploration Update HALIFAX, Nova Scotia, April 13, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce commencement of the first phase of its 2022 exploration program at its Khundii Gold District (the “District”) in southwest Mongolia. The program will focus on expanding high-grade gold mineralization discovered in 2021 at the Ulaan and Dark Horse discoveries at the Bayan Khundii Gold Project (“Bayan Khundii”), confirming continuity at the Altan Nar Gold Project, and testing near-surface, high-grade oxide gold targets across the District. The first phase of the program will include approximately 10,000 metres of diamond and 3,000 metres of rotary air blast (RAB) drilling.