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OTC MARKETS GROUP WELCOMES ERDENE RESOURCE DEVELOPMENT CORP. TO OTCQX

Erdene Resource Development Corp. has qualified to trade on the OTCQX Best Market. Erdene Resource Development upgraded to OTCQX from the OTCQB Venture Market.

Erdene Resource Development begins trading today on OTCQX under the symbol ERDCF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website.

The OTCQX market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws. Graduating to the OTCQX market from the OTCQB market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Peter Akerley, Erdene's president and chief executive officer, commented: "Graduating to the OTCQX market is a natural progression for Erdene to allow for a broader U.S. shareholder base to participate in our growth as we produce gold from our high-grade, low-cost Bayan Khundii mine and aggressively explore in the region to expand the mine's life and eventually become a multimine, multicommodity mining company."

About Erdene Resource Development Corp.

Erdene Resource Development is a Canadian-based resource company producing gold at the high-grade, low-cost Bayan Khundii gold mine in underexplored and highly prospective Mongolia. The company is also engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's projects consist of Bayan Khundii, Altan Nar, Zuun Mod and Khuvyn Khar. The Bayan Khundii and Altan Nar projects are located within the Tian-Shan copper-gold belt in southwestern Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property, approximately 2.2 kilometres northwest of the Zuun Mod molybdenum-copper porphyry deposit.