Source: Erdene Resource Development Corp.                         Date: 24 February, 2011

Erdene Resource Development Corp. President and CEO Peter Akerley has said the 2010 drill program at its Zuun Mod molybdenum and copper project in southwestern Mongolia has been “a tremendous success", and added, "We have accomplished our main goal of expanding the higher-grade zones within this very large molybdenum-copper deposit and have discovered a significant new zone of porphyry copper mineralization situated over 2 km from the main deposit. As a result, we are now planning an expanded drilling program to further define these exciting new results."

He listed the following highlights as he released the full results of the drilling program:

·                     Higher grade molybdenum and copper zones expanded within the Racetrack deposits

·                     New higher grade molybdenum and copper zones discovered at depth

·                     A significant new copper zone, Khuvyn Khar, discovered 2.2 km northwest of the main Racetrack deposits

·                     Recent results enhance potential for further mineral resource expansion and discovery

·                     Major drilling program planning underway.