Entree Resources Ltd T.ETG

For Newcomers, Tire-Kickers, Nervous Holders

[Countrygent]

We have over many years mentioned this many times, but it bears repeating.

Look at the mine long cross-section in the ETG corprorate presentation.  Note elsewhere how the cost of mining Lift 2 is substantially lower than Lift 1.  Note how ETG shows the limits of the defined resource at HNE ending at approx 625mN into the JV property.  See the arrows "open" both along strike and to further depth.  Meaning the ore body has not been determined to end where the resource is defined.

NOW THIS, a very important blast from the past:

ETG NR, February 1, 2006:

 ” Significantly, Hole EGD081B, located approximately 750 metres north of the 053 series of holes, has intersected 48 metres averaging 0.45% copper and 0.02 g/t gold, commencing at a downhole depth of 1,724 metres. The hole is believed to have located the top of the mineralized system, thereby extending the potential strike length of the Copper Flats mineralization to a total of approximately 1,300 metres. Hole EGD081, the original hole collared at this location, penetrated the hangingwall stratigraphy, but passed over the top of the target. Daughter-hole EGD081A was lost due to technical difficulties. Hole EGD082A (previously reported on January 16, 2006) was collared approximately 150 metres north of the 053 series of holes and drilled to a depth of 1,429 metres. This hole was abandoned in a fault zone interpreted to be in the hangingwall of the deposit. It is believed that this fault may offset the mineralized zone to the west. Greg Crowe further comments, “The step-out drilling not included in this initial resource estimate indicates that the system could extend for at least another 700 metres. The ongoing drill program should continue to increase value for Entre shareholders by both upgrading this initial resource and testing for the northward extension of the mineralized system.”

Do not rely on published resource estimates as the end of the story on the upside value at Oyu Tolgoi. Note that the most recent NR stated exploration drilling is still occurring (after a long hiatus caused by Mongolian politics and a likely Rio Tinto desire not to bulk the value of their takeover target Turquiose Hill). That is at new targets, particularly several kilometres north along the OT trend line.

Rio Tinto and Mongolia in all probability have an opportunity to significantly expand OT both in production capacity and in accelerating the timetables for development of the higher profitability of Lift 2, then Heruga, then ... whatever other ore bodies may lie on the JV ground (and those probabilities are significant enough to add value to the land even if only as greenfields exploration.

cg