Source: Erdene Resource Development Corp.                   Date: 03 June, 2011

Erdene Resource Development Corp. has received a mining license for the Zuun Mod molybdenum-copper project in southwest Mongolia from the Government of Mongolia. “This is an important milestone for the project and our company", said Mr. Peter Akerley, President and CEO. "Our employees and Mongolian consultants have dedicated significant effort to this achievement, and the receipt of the license is a testament to their ability to work with the Mongolian regulatory authorities. With the long-term mining license secured, we now have the ability to advance this wholly-owned project more rapidly."

The Zuun Mod mining license covers an area of 6,041 hectares and contains the South Racetrack and North Racetrack deposits, which hosts all of the measured and indicated resources at Zuun Mod. The mining license also contains the Khuvyn Khar copper prospect and is valid for an initial 30-year term with provision for renewal for two additional 20-year terms.

Approval of an application for a second contiguous mining license, south of the approved present one, is awaiting a decision by the Government on the definition of the boundaries of a water protection area overlapping the license area. This license application covers 358 hectares and contains the Stockwork deposit which hosts 15 percent of the Inferred resource at Zuun Mod.