Mr. Peter Akerley reports

ERDENE COMMENCES TRADING ON THE OTCQB

Effective immediately, Erdene Resource Development Corp.'s common shares have begun trading on the OTCQB Venture Market in the United States under the symbol ERDCF. The company's common shares will continue to trade on the Toronto Stock Exchange under the symbol ERD.

Peter Akerley, Erdene's president and chief executive officer, commented: "With Erdene expecting to achieve first gold production at its Bayan Khundii mine shortly, our listing on the OTCQB will amplify our marketing efforts and support our strategy of introducing the company to a broader audience of potential investors. The OTCQB is an efficient way for Erdene to gain access to the largest pool of equity capital in the world, while offering potential investors in the U.S. enhanced trading liquidity."

In addition to being upgraded to the OTCQB Venture Market, the company is eligible with the Depository Trust Company (DTC) for its common shares. DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of Erdene to be distributed, settled and served through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities for investors and brokers trading Canadian securities in the U.S.

Information relating to Erdene as well as real-rime price quotes will be available on the OTC Markets website. The OTCQB Venture Market, operated by OTC Markets Group Inc., is the premier marketplace for entrepreneurial and development-stage companies that are committed to providing a high-quality trading and information experience for their U.S. investors. To be eligible, companies must be current in their financial reporting and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

About Erdene Resource Development Corp.

Erdene Resource Development is a Canada-based resource company focused on bringing the Bayan Khundii gold mine into production in late 2025, and on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. The company has interests in three mining licences and an exploration licence in southwestern Mongolia, where exploration success has led to the discovery and definition of the Khundii gold district.

We seek Safe Harbor.