Erdene Provides Project Updates and Reports Third Quarter Financial Results PR-CANADA.net (press release)

20.11.09

Over the days of yore few years, political issues in Mongolia had caused us to maintain a cautious stance in regards to new opportunities; however, with the express events of the past 60 days we have begun to act on opportunities generated during that period. Recently, Erdene has applied for five reconnaissance licences totalling over 400,000 hectares and has plans to continue to increase our staking and acquisition activity. In Mongolia, Erdene is partnered with Xstrata Coal on a extensive coal generative and acquisition program. The Company has conducted numerous property evaluations for prospective metallurgical and treble-quality thermal coal deposits. Xstrata Coal is fully funding the exploration programs through to realization of feasibility to earn a 75 per cent interest in the projects funded. In regards to our metals exploration program, in to boot to Zuun Mod, Erdene is focused on porphyry style copper, gold and molybdenum prospects and have been very active in the estimation of these

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