Entree Gold Inc., a Canadian mineral exploration company, announced today that its application for conversion of the Shivee Tolgoi and Javhlant exploration concessions to mining licenses has been approved by the Mineral Resources Authority of Mongolia. The sites are located in southern Mongolia, not far from the northern border of China, and total over 75,000 hectares, or about 185,000 acres.

The Javhlant license, along with the eastern portion of the Shivee Tolgoi license, are subject to a joint venture with Ivanhoe Mines Ltd through its subsidiary Ivanhoe Mines Mongolia Inc. LLC (NYSE: IVN, Nasdaq: IVN). The license sites completely surround Ivanhoe Mine’s Oyu Tolgoi mining license site, and conversion of these licenses consolidates a huge land position upon which the Oyu Tolgoi mining complex will be established. Mining licenses have a 30-year term, with two possible renewals of 20 years each.

Entree president and CEO, Greg Crowe, stated: “The granting of

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Entrée Gold Inc. (EGI) is an American mining and exploration company with active copper and gold interests in both the United States and Mongolia. Of the company’s 179,000 hectares (or roughly 4.5 million acres) of prime mining property, 40,000 have been thoroughly explored and shown to be extremely promising.

The land is part of a joint venture between EGI and Ivanhoe Mines, Ltd., and is known as the Oyu Tolgoi development project located in Southern Mongolia’s Gobi Desert. The resources contained in this stake are estimated to be more than four billion pounds of copper, and over two million ounces of gold. On an added note, Ivanhoe is a world mining leader, and has been associated with other multi-billion dollar superpowers such as Rio Tinto in the past. Both Rio Tinto and Ivanhoe own roughly fifteen percent of Entrée Gold, Inc. Partnership with these companies all but ensures EGI’s potential

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