ENTREE RESOURCES LTD. - ERLFF STOCK NEWS

Entrée Resources announces the commencement of first Oyu Tolgoi Lift 1 Panel 1 underground development work on the Entrée/Oyu Tolgoi joint venture property. The 2024 Development Work includes 212 metres of lateral development with a US$4.4 million direct capital budget. The work is part of initial Panel 1 western ore handling truck chute design. Key issues remain unresolved, including the transfer of the Shivee Tolgoi license to OTLLC. The company is engaged in discussions with Rio Tinto and OTLLC regarding contractual certainty and license ownership. An arbitration process initiated in 2022 is pending decision following hearings in April and July 2024.

Entrée Resources (TSX:ETG; OTCQB:ERLFF) has released its Q2 2024 financial results. Key highlights include:

1. Oyu Tolgoi underground development progressing well, with 114 Lift 1 draw bells opened.

2. Ventilation Shafts 3 and 4 completed, commissioning expected in H2 2024.

3. First Lift 1 Panel 1 development on Shivee Tolgoi mining licence to start in Q4 2024.

4. Drilling programs underway to support Lift 2 Pre-Feasibility Study.

5. Q2 2024 operating loss of $0.9 million, cash balance of $4.0 million as of June 30, 2024.

6. Ongoing arbitration proceedings with Rio Tinto and OTLLC regarding mining licence transfer.

Entrée Resources has announced additional drill results from the Hugo North Extension (HNE) deposit on the Entrée/Oyu Tolgoi JV Property in Mongolia. Highlights include:

• Surface drill hole EGD 161: 398m grading 2.07% copper equivalent (CuEq), including 214m at 2.79% CuEq
• Underground drill hole UGD 735: 574.3m grading 1.89% CuEq, including 234m at 3.73% CuEq

Underground development on the Oyu Tolgoi mining license continues to advance, with Shafts 3 and 4 reaching final depths. Initial underground development work on the JV Property remains on schedule to start in Q4 2024. The company also reported anomalous results from regional exploration drilling at the Railway and Ulaan Khud targets.

Entrée Resources has announced the results of its 2024 annual general meeting of shareholders. During the meeting, all proposed matters were approved by a majority of votes. Shareholders agreed to set the number of directors at six. Teresa Conway, Alan Edwards, Allan Moss, Michael Price, Paula Rogers, and Stephen Scott were elected as directors, with each receiving over 96% of votes in favor. Davidson & Company LLP was re-appointed as the auditors for the upcoming year. Additionally, shareholders approved the renewal of the company's Deferred Share Unit Plan. Detailed voting results are available on SEDAR+ and OTC Markets.

Entrée Resources (ERLFF) has released its first-quarter 2024 financial results, highlighting the progress of the Oyu Tolgoi project in Mongolia led by Rio Tinto. The project is expected to become the fourth largest copper mine globally by 2030, with significant production estimates. Construction milestones and drilling programs for further exploration are also on track. However, the company reported an operating loss increase compared to the previous year due to legal costs, with cash and working capital balances provided for transparency.

Entrée Resources Ltd. (ERLFF) filed its annual operational and financial results for 2023, highlighting progress in the Oyu Tolgoi project in Mongolia. The company reported developments in the Oyu Tolgoi Lift 1 underground mine, construction milestones, and technical studies for future mine designs. Financially, the company reported an operating loss of $4.5 million in 2023, with increased legal costs affecting the operating cash outflow. Entrée is focused on resolving licensing transfer issues and seeking agreements with partners to streamline operations.

Entrée Resources Ltd. releases partial diamond drill hole results from the 2022 drilling program at the Hugo North Extension deposit in Mongolia. The company reports high copper equivalent grades, with significant mineralized intervals. First underground development work on the property is set to begin in the second half of 2024.

Entrée Resources Ltd. has filed its Q3 2023 interim financial results. Highlights include strong performance from the Oyu Tolgoi underground mine and progress in construction and drilling activities. The company reported an operating loss of $0.7 million for Q3 2023 and a cash balance of $6.9 million as of September 30, 2023.

Entrée Resources Ltd. has voluntarily filed a Form 15 with the SEC to terminate the registration of its common shares under the Exchange Act. This will result in cost savings and allow management to focus on the Entrée/Oyu Tolgoi joint venture. Shareholders will still have access to material information.