Mr. Peter Akerley reports

ERDENE APPOINTS LAYTON CROFT TO THE BOARD OF DIRECTORS

Erdene Resource Development Corp. has appointed Layton Croft to the company's board of directors. Mr. Croft will serve as a non-executive, independent member of the Erdene board, effective immediately.

"It is with great pleasure that I announce that Mr. Croft has joined the company's board," said Chris Cowan, chairman. "As a senior executive in the Mongolian mining industry for more than a decade, Layton brings a wealth of experience in the areas of operating public companies in Mongolia, government affairs, investor relations and community development while living and working in Mongolia. This will prove very valuable as we advance our exciting new gold projects through the development phase."

Mr. Croft is a senior corporate executive with diversified management and extensive Mongolia-focused resource industry expertise with more than 12 years in senior roles with several Mongolia- and Asia-focused companies, including Oyu Tolgoi, as executive vice-president, corporate affairs and social responsibility (Mongolia), where he had responsibility for communications, social performance and stakeholder engagement for the Oyu Tolgoi project; SouthGobi Energy Resources, as vice-president, external affairs and corporate citizenship (Hong Kong), where he oversaw investor and public relations, government affairs and corporate social responsibility; The Asia Foundation as resident representative (Mongolia); and most recently Peabody Energy, as vice-president, external relations -- Asia (Singapore). Having lived and worked in Mongolia for a total of 15 years beginning in 1994, Mr. Croft brings deep knowledge of the Mongolia corporate, political and socio-cultural environments. He played a central role in strengthening relational and reputational elements of the companies he has worked with in Mongolia and the Asia-Pacific region, including success in building and protecting the social and political licences to operate at national, regional and local levels. A U.S. native, Mr. Croft has lived and worked internationally for more than 22 years in corporate and public sector roles in Asia, Latin America and Eastern Europe. He holds a BA from the University of North Carolina at Chapel Hill, an MA from the School for International Training in Vermont, and an MA from the Fletcher School of Law and Diplomacy at Tufts University in Massachusetts.

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