Infill Drill Program At Ann Mason Project

VANCOUVER - Greg Crowe, President and CEO of Entree Gold said, "In the third quarter, we continued our pre-feasibility infill drill program at our Ann Mason project in Nevada, one of the most advantageous mining districts in the world. This drill program is designed to move Ann Mason along the path to pre-feasibility and to establish the potential for Ann Mason to become a long-life open pit copper mine.

On July 16, 2014, Entree announced the commencement of pre-feasibility drilling at its 100% owned Ann Mason project in the Yerington district of Nevada.  The drill program is designed to upgrade the mineral resources contained in the 2012 Preliminary Economic Assessment Phase 5 pit from Indicated and Inferred to a combination of Measured and Indicated categories.  Upgrading the Phase 5 pit resources to the Measured and Indicated categories will be an essential part in the eventual preparation of the projects first reserve estimates and for determining the economic viability of the deposit.  Completion of this drill program will be a significant step in the advancement of Ann Mason along the development timeline and an important step towards a pre-feasibility study (PFS).

The initial stage of the PFS entails infill drilling at Ann Mason and consists of approximately 18,500 meters of pre-collar reverse circulation (RC) and diamond drilling in 40 holes.  The program has an estimated budget of approximately US$5 million and is expected to be completed by the end of 2014.  An updated resource estimate is planned for the first quarter of 2015.

To date, 37 RC pre-collar holes (6,920 meters) and 20 core holes (7,162 meters) have been completed.  Samples have been submitted to ACME Labs in Reno for sample preparation and forwarded by ACME to their laboratory in Vancouver for analysis.  Results are pending.

During the nine months ended September 30, 2014, the Company located or purchased an additional 550 unpatented lode mining claims contiguous to or within the boundaries of its Ann Mason project.  The Company believes that the acquisition of these additional claims will provide additional area for targeting new mineralization and allow for flexibility in infrastructure related to the development of Ann Mason.