Mr. Peter Akerley reports

ERDENE ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Erdene Resource Development Corp.'s shareholders voted in favour of all items of business brought before them at the company's annual general meeting of shareholders held on June 20, 2024, in Halifax, N.S. Details of the meeting are provided herein.

Appointment of Board and Executive

At the Meeting, shareholders voted in favour of Erdene management's nominees to the board of directors, with details of the proxy voting results as follows:

Additionally, Erdene would like to thank retiring director John Byrne, for his enormous contributions to the company. Mr. Byrne, was a director of the Corporation since 2004, and has been instrumental in the Company's success.

Following the Meeting, Erdene's board of directors appointed its officers for the coming year, namely: President and Chief Executive Officer - Peter Akerley; Chairman of the Board - T. Layton Croft; Chief Financial Officer - Robert Jenkins; and Corporate Secretary - Suzan Frazer.

Auditor Re-Appointed

KPMG LLP was re-appointed Auditor of the Company to hold office until the next Meeting or until its successor is duly appointed, and the directors were authorized to fix the Auditor's remuneration.

About Erdene

Erdene Resource Development Corp. 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 license in Southwest Mongolia, where exploration success has led to the discovery and definition of the Khundii Minerals District. Erdene Resource Development Corp. is listed on the Toronto and the Mongolian stock exchanges. Further information is available at www.erdene.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

We seek Safe Harbor.