Entrée Resources has a unique position in the Oyu Tolgoi Project through the Entrée/Oyu Tolgoi Joint Venture

Entrée Resources has a unique position in the Oyu Tolgoi Project through the Entrée/Oyu Tolgoi Joint Venture. The company holds a 20% inter- est in the Hugo North Extension and Heruga deposits, which are part of the greater Oyu Tolgoi project. Rio Tinto, as the project operator, is responsible for the management and development of these deposits. The Hugo North Extension is part of the Hugo Dummett deposit, which is the highest−grade portion of the Oyu Tolgoi mine. It contains significant copper and gold resources, making it a highly valuable asset. The develop- ment of this underground portion of the project is a major step in unlocking the full potential of Oyu Tolgoi, and Entrée’s 20% interest provides it with exposure to long−term copper and gold production. In addition to the Hugo North Extension, Entrée also holds a 20% interest in the Heruga deposit, which lies to the south of the Oyu Tolgoi property. Heruga contains a large, lower−grade copper−gold−molybdenum resource, further enhancing the com- pany’s future production potential.