Mr. Peter Akerley reports

ERDENE ENTERS INTO AUTOMATIC SECURITIES PURCHASE PLAN

Erdene Resource Development Corp. has entered into an automatic securities purchase plan (ASPP) in connection with its previously announced normal course issuer bid (NCIB), under which it may purchase up to an aggregate 4.9 million common shares of the company for cancellation.

Once effective, the ASPP will allow for the purchase of common shares under the NCIB at times when Erdene normally would not be active in the market due to applicable regulatory restrictions or internal trading blackout periods. Before the commencement of any internal trading blackout period, Erdene may instruct its designated broker to make purchases of common shares under the NCIB during the blackout period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Erdene prior to commencement of the applicable blackout period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these blackout periods, common shares may be purchased by Erdene at its discretion under the NCIB. The ASPP constitutes an automatic securities purchase plan under applicable Canadian securities laws and has been precleared by the Toronto Stock Exchange.

The company is not obligated to purchase any specific number of common shares under the NCIB. The timing and extent of any purchases will depend on market conditions and other corporate considerations, as determined by management. The company may suspend or terminate the NCIB at any time.

About Erdene Resource Development Corp.

Erdene Resource Development is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii gold mine in underexplored and highly prospective Mongolia. The company has interests in a portfolio of precious and base metal projects near the Bayan Khundii gold mine in the Khundii minerals district, which provides a robust organic growth pipeline. Erdene Resource Development is listed on the TSX (symbol: ERD), the Mongolian Stock Exchange (symbol: ERDN) and the OTCQX (symbol: ERDCF).

We seek Safe Harbor.