Source: Entrée Gold Inc.                       Date: 18 May, 2011

The following are among the highlights listed by Entrée Gold Inc. in its interim operational and financial results for the first quarter ended March 31, 2011:

Appointment of Mr. Bruce Colwill as the Chief Financial Officer;

Extension of Oyu Tolgoi-type mineralization three kilometers to the north of Ulaan Khud;

Announcement of joint venture budget of USD7 million for the Entrée-OT LLC joint venture work programs, including USD2 million for development related work on the Shivee Tolgoi license; and

Net loss of USD5,342,265 for the period.

Mr. Greg Crowe, President and CEO, has said “substantial exploration and development work is under way on our properties in Mongolia".