ADDITIONAL MINERALIZATION
DISCOVERED NORTH OF
ENTR�E GOLD � OYU
TOLGOI LLC JOINT VENTURE GROUND
Vancouver, B.C., March 15, 2011 � Entr�e Gold Inc. (TSX:ETG; NYSE
AMEX:EGI; Frankfurt:EKA - "Entr�e" or the
"Company") comments on the recent news release by Ivanhoe Mines
announcing the presence of a new zone of shallow copper-molybdenum-gold
mineralization just north of the Entr�e � Oyu Tolgoi LLC (�OTLLC�) joint venture ground in Mongolia.
Ivanhoe Mines Ltd. (IVN:
NYSE, NASDAQ & TSX � �Ivanhoe Mines�) announced the presence of the new
zone of mineralization on March 14, 2011. The discovery, named Ulaan Khud North, extends the
known Oyu Tolgoi
mineralized trend by a further three kilometres.
The trend includes the Entr�e-OTLLC joint venture�s Heruga
deposit, Hugo North Extension deposit and Ulaan Khud zone.
Entr�e's President &
CEO, Greg Crowe, commented, "This discovery, while not on the Entr�e �
OTLLC joint venture property, is located just three kilometres
north of the joint venture�s Ulaan Khud zone. The strike length of the Oyu
Tolgoi mineralized system is now at least
twenty-three kilometres, of which seventeen kilometres are located within the Entr�e-OTLLC joint
venture ground. Less than half of the trend has been extensively drill-tested
to date. The discovery of Ulaan Khud
North is one more example of the magnitude and scale of the trend and the
excellent potential for the discovery of additional mineralized zones.�
Ulaan Khud is
a near-surface copper and gold mineralized zone located within the
Entree-OTLLC joint venture ground. The Ulaan Khud zone was originally discovered in 2006 during
condemnation drilling undertaken as part of an Earn-In Agreement under which
the joint venture was formed. Results were released on October 26,
2006, highlights of which include Hole EGD118 (130m at 0.35% Cu and 0.11 g/t
Au) and Hole EGD110 (154m at 0.34% Cu and 0.08 g/t Au).
QUALIFIED PERSON
Robert Cann, P.Geo., Entr�e�s Vice-President Exploration, a Qualified Person
as defined by National Instrument 43-101 (�NI 43-101�), has reviewed the
technical information contained in this release.
ABOUT ENTR�E GOLD INC.
Entr�e Gold Inc. is a
Canadian mineral exploration company focused on the worldwide exploration and
development of copper and gold prospects. The Company�s flagship Lookout Hill
property in Mongolia completely surrounds the Oyu Tolgoi project of Ivanhoe Mines and the Government of
Mongolia. A portion of the Lookout Hill property is subject to a joint
venture with Oyu Tolgoi
LLC, a subsidiary of Ivanhoe Mines and the Government of Mongolia. The joint
venture property hosts the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. Excellent
exploration potential remains on the joint venture property for the discovery
of additional mineralized zones.
In North America, the
Company is exploring for porphyry-related copper systems in Nevada, Arizona
and New Mexico. The primary asset is the Ann Mason property in Nevada, which
hosts an inferred mineral resource estimate and considerable potential for
additional targets.
The Company is also
seeking additional opportunities to utilize its expertise in exploring for
deep and/or concealed ore deposits. With a treasury of approximately CAD$21
million, the Company is well-funded for future activities. Rio Tinto and
Ivanhoe Mines are major shareholders of Entr�e, holding approximately 13% and
12% of issued and outstanding shares, respectively.
FURTHER INFORMATION
Monica Hamm
Manager, Investor Relations
Entr�e Gold Inc.
Tel: 604-687-4777
Fax: 604-687-4770
Toll Free: 866-368-7330
E-mail: mhamm@entr�egold.com
This News Release contains forward-looking
statements and forward-looking information (together, �forward-looking
statements�) within the meaning of applicable securities laws and the United
States Private Securities Litigation Reform Act of 1995, with respect to the
interpretation of exploration results and the potential for extending known
mineralized zones and discovering new mineralized zones. These
forward-looking statements are made as of the date of this news release.
Users of forward-looking statements are cautioned that actual results may
vary from the forward-looking statements contained herein. While the Company
has based these forward-looking statements on its expectations about future
events as at the date that such statements were prepared, the statements are
not a guarantee of the Company�s future performance and are subject to risks,
uncertainties, assumptions and other factors which could cause actual results
to differ materially from future results expressed or implied by such
forward-looking statements. Such factors and assumptions include, among
others, the effects of general economic conditions, the prices of gold and
copper, changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and negotiations
and misjudgements in the course of preparing
forward-looking statements. In addition, there are known and unknown risk
factors which could cause the Company�s actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking statements. Known
risk factors are described in the Company�s Amended and Restated Annual
Information Form for the financial year ended December 31, 2009, dated
November 2, 2010 filed with the Canadian Securities Administrators and
available at www.sedar.com. Although the Company has attempted to identify
important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company is under no obligation to update or
alter any forward-looking statements except as required under applicable
securities laws.
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