Mr. Peter Akerley reports

ERDENE RELEASES 2024 SHAREHOLDER LETTER

Erdene Resource Development Corp. has published its 2024 letter to shareholders authored by president and chief executive officer Peter Akerley.

To read the letter please visit the company's website.

Letter to shareholders

Peter Akerley, Erdene's president and chief executive officer, stated: "The past year has been transformative for our company. As outlined in my letter to fellow shareholders, we closed the strategic alliance with Mongolian Mining Corp., commenced construction of the Bayan Khundii gold project and continued to see exploration success in our Khundii Minerals district in southwestern Mongolia."

Mr. Akerley continued: "These accomplishments are the result of more than 20 years of effort in Mongolia, where Erdene has been the most active explorer and developer in the unexplored western portion of Mongolia's Gobi Desert. It is extremely satisfying to see the vision of Erdene's founders come to fruition with first gold production from Bayan Khundii expected in 2025."

About Erdene Resource Development Corp.

Erdene Resource is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in underexplored and highly prospective Mongolia. The company has interests in three mining licenses and an exploration licence in southwest Mongolia, where exploration success has led to the discovery and definition of the Khundii Minerals district. Erdene Resource Development is listed on the Toronto and the Mongolian stock exchanges.

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