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Ottawa Citizen

Entrée Resources Announces Drill Results from Hugo North Extension, Including 260 Metres Grading 4.45% CuEq

Article content VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the ' Company ' or ' Entrée ') is pleased to provide analytical results for one surface diamond drill hole (' DDH ') and six underground DDHs completed during 2022 and 2024 at the Hugo North Extension (' HNE ') deposit on the Entrée/Oyu Tolgoi Joint Venture property (the ' Entrée/Oyu Tolgoi JV Property ') in Mongolia. Analytical results are also provided for two DDHs from the 2024 regional drilling campaign on the Shivee Tolgoi mining licence. Article content Article content Article content Note: CuEq for HNE is defined in Note 3 to Tables 1 and 2 below, where details on the drill hole assay intervals are also found. Article content The new drill hole analytical results from the HNE deposit were recently made available by the Company's joint venture partner Oyu Tolgoi LLC (' OTLLC ') and include one surface DDH and five underground DDHs completed during 2024 on the Shivee Tolgoi mining licence, as well as one underground drill hole from the 2022 program. The surface drill hole was collared on the Entrée/Oyu Tolgoi JV Property and the underground drill holes were all collared from existing infrastructure on the Oyu Tolgoi mining licence and drilled towards the north or northeast onto the Entrée/Oyu Tolgoi JV Property, targeting mineralization within, or surrounding the existing footprint of the HNE deposit (Figure 1). Full details about the 2022 and 2024 drilling programs, including drill hole locations, were previously provided by Entrée on February 28, 2024 (see the news release titled, ' Entrée Resources Announces Partial Drill Results for Hugo North Extension and Provides Update on Underground Development Work ') and February 27, 2025 (see the news release titled, ' Entrée Announces Drill Results From Hugo North Extension and Heruga Deposits '). Table 3 and Table 4 show the collar and drilling information for HNE surface and underground drill holes, respectively, discussed in this news release. Article content Article content Analytical results for one surface DDH and three underground DDHs from the 2024 drilling program at HNE are still pending. These results will be reported as they become available from OTLLC. Article content Significant mineralized intervals from the surface DDH and the six underground DDHs at HNE are summarized in Table 1 and Table 2, respectively, and are shown on Figure 1. Article content Drill Hole Year From (m) To (m) Length 2 (m) Copper (%) Gold (ppm) Silver (ppm) CuEq 3 (%) UGD576 2022 128 179.8 51.8 1.05 0.09 2.14 1.12 UGD855 2024 86 473.7 387.7 0.61 0.10 1.58 0.67 including 440 473.7 33.7 1.23 0.29 5.11 1.43 UGD871 2024 358 555 197 1.07 0.38 2.39 1.29 including 466 555 89 1.33 0.44 2.90 1.59 UGD872 2024 406 600 194 0.83 0.10 2.58 0.91 UGD873A 2024 360 639 279 1.12 0.16 2.63 1.22 UGD876 2024 224.7 394 169.3 2.72 0.82 6.66 3.21 including 232 344 112 3.33 0.81 7.81 3.83