Corporate Presentation · TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA 11 Properties 2.8Blbs Copper Eq...

1TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA

Corporate PresentationApril 2010

Corporate PresentationApril 2010

TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKATSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA


Forward Looking Statements

In this presentation we will make statements about historical fact and future events. Statements about future events are "forward-looking" and may prove inaccurate, as the future could differ materially from our current expectations. Forward looking statements in this presentation reflect our current judgment based on information currently available to us.

These statements are subject to many risks and uncertainties, including those described in our public filings with securities regulatory authorities in the United States and Canada, which weurge you to read. Except as required by law, we do not intend to update any of these forward looking statements.


Poised for Growth

Strong FoundationStrong FoundationManagementManagement

TreasuryTreasury

PartnersPartners

Existing resources at Existing resources at Lookout HillLookout Hill

Heruga DepositHeruga Deposit

Hugo North ExtensionHugo North Extension


Board of Directors & Senior Management

Greg Crowe President & CEO, Director

James Harris Chairman

Michael Howard Deputy Chairman

Lindsay Bottomer VP Business Development, Director

Peter Meredith Director

Mark Bailey Director

Greg Crowe President & CEO, Director

James Harris Chairman

Michael Howard Deputy Chairman

Lindsay Bottomer VP Business Development, Director

Peter Meredith Director

Mark Bailey Director


Financial Information

Treasury | C$40 million

Investment by partners | +C$100 millionIncludes US$35,000,000 earn-in by Ivanhoe Mines

Issued and Outstanding | 97,768,114

Fully diluted | 107,997,146

52 week High/Low | $3.59 / $1.02


Strategic Partners

Rio TintoRio Tinto 15.3%15.3%Premier Mining CompanyPremier Mining CompanyInvestments in EntrInvestments in Entréée total over $38,000,000e total over $38,000,000

Investment in IvanhoeInvestment in IvanhoeUp to 46.65%Up to 46.65%

Ivanhoe Mines Ltd.Ivanhoe Mines Ltd.

14.2%14.2%Oyu Tolgoi Project, MongoliaOyu Tolgoi Project, MongoliaInvestments in EntrInvestments in Entréée total over $22,000,000e total over $22,000,000Spent US$35,000,000 as part of joint venture earnSpent US$35,000,000 as part of joint venture earn‐‐inin

EntrEntrééee--Ivanhoe Joint VentureIvanhoe Joint Venture20/80% or 30/70%20/80% or 30/70%EntrEntréée carried to productione carried to production


Assets

Arizona/New MexicoArizona/New MexicoLordsburgBisbee

NevadaNevadaYerington

ChinaChinaHuaixi

MongoliaMongoliaHugo North ExtensionHerugaNomkhon Bohr

British ColumbiaBritish ColumbiaCrystal


Mongolia

Investment AgreementInvestment AgreementFinalized March 31, 2010 upon completion of Finalized March 31, 2010 upon completion of conditions precedentconditions precedentPartnership: Partnership:

OT LLCOT LLCGovernment of MongoliaGovernment of MongoliaIvanhoe MinesIvanhoe MinesRio TintoRio Tinto

3 Key Benefits:3 Key Benefits:EntrEntréée mining licences grantede mining licences grantedLongLong‐‐term stabilityterm stabilityDevelopment proceedingDevelopment proceeding



Lookout Hill


Properties

2.8B2.8B lbs Copper Eq Inferred*lbs Copper Eq Inferred*(95,500,000 million tonnes** (95,500,000 million tonnes** ‐‐ 1.15% Cu, 1.15% Cu, 0.31 g/t Au0.31 g/t Au2.4 billion lbs Cu / 0.95 million oz Au)2.4 billion lbs Cu / 0.95 million oz Au)

5.6B5.6Blbs Copper Eq Indicated*lbs Copper Eq Indicated*(117 million tonnes ** (117 million tonnes ** ‐‐ 1.8% Cu, 1.8% Cu, 0.61 g/t Au0.61 g/t Au4.6 billion lbs Cu / 2.3 million oz Au)4.6 billion lbs Cu / 2.3 million oz Au)

Hugo North ExtensionHugo North ExtensionOne of the worldOne of the world’’s richest porphyry Cus richest porphyry Cu‐‐Au depositsAu deposits

20%

* Copper equivalent estimated using metal prices of $1.35/lb Cu and $650/oz Au ‐Figures are NI 43‐101 compliant.

** 0.6% CuEq cutoff


Properties

17.4Blbs Copper Eq Inferred* 17.4Blbs Copper Eq Inferred* lbs Copper Eq Inferred* (910 million tonnes ** (910 million tonnes ** ‐‐ 0.48% Cu, 0.49 g/t Au, 0.014 % Mo)0.48% Cu, 0.49 g/t Au, 0.014 % Mo)(9.6 billion lbs Cu / 14 million oz Au)(9.6 billion lbs Cu / 14 million oz Au)

HerugaHerugaOne of the worldOne of the world’’s largest porphyry Cus largest porphyry Cu‐‐AuAu‐‐Mo depositsMo depositsUpdated Inferred Mineral Resource Updated Inferred Mineral Resource –– March 2010March 2010

20%

* Copper equivalent estimated using $1.35/lb Cu, $650/oz Au, $10/lb Mo –Figures are NI 43‐101 compliant.

** 0.6% CuEq cutoff


Heruga – Developing Ore Body

HerugaHeruga(30% of OT)(30% of OT)


One of the world’s largest porphyry systems

Courtesy Ivanhoe Mines

NS


Lookout Hill


Naidan Tuvshinbayar –Olympic Gold Medalist Beijing 2008 (Judo)

Donation to 2010 Mongolian Olympic Team


Yerington Yerington NevadaNevada••Underdeveloped copper mining districtUnderdeveloped copper mining district••Yerington Mine Yerington Mine

••Mined early 1900Mined early 1900’’s s –– 19801980’’ss••Produced 1.8 billion lbs CuProduced 1.8 billion lbs Cu

••Pumpkin Hollow Pumpkin Hollow •• Discovered by U.S. Steel Discovered by U.S. Steel ‐‐ 19601960••Nevada Copper Nevada Copper –– 2.4 billion lbs Cu 2.4 billion lbs Cu

(Measured and Indicated)(Measured and Indicated)

••Updated 43Updated 43‐‐101 PEA 101 PEA –– December 2009December 2009••PrePre‐‐Feasibility study Feasibility study ‐‐ December 2009December 2009

••Ann MasonAnn Mason••Discovered by AnacondaDiscovered by Anaconda••7.1 billion lbs Cu inferred 7.1 billion lbs Cu inferred –– NI 43NI 43‐‐101101

••Area prospects: Blue Hills, Minnesota, Shamrock Area prospects: Blue Hills, Minnesota, Shamrock and MacArthurand MacArthur

Properties

USAUSA


Partners: Partners: Empirical Discovery LLCEmpirical Discovery LLC••Agreement to explore region of New Agreement to explore region of New Mexico and ArizonaMexico and Arizona

•• covers 3.6 million acrescovers 3.6 million acres••GOAL: rapidly identify new porphyry GOAL: rapidly identify new porphyry coppercopper‐‐moly targetsmoly targets

•• using proprietary geophysical using proprietary geophysical techniquestechniques

••3 active targets3 active targets•• exploration in progress exploration in progress ‐‐geophysics, prospecting, drillinggeophysics, prospecting, drilling

Properties

USAUSA


LordsburgLordsburgNew MexicoNew Mexico••New copperNew copper‐‐gold porphyry discovery near gold porphyry discovery near historic mining districthistoric mining district••Mineralization intersectedMineralization intersected

•• 310 m averaging 0.14% Cu and 310 m averaging 0.14% Cu and 0.08 g/t Au (Discovery Hole)0.08 g/t Au (Discovery Hole)

•• 118 m averaging 0.2% Cu and 118 m averaging 0.2% Cu and 0.2 g/t Au (300 m stepout)0.2 g/t Au (300 m stepout)

•• 60 m averaging 0.31% Cu and 60 m averaging 0.31% Cu and 0.21 g/t Au with 0.44% CuEq*0.21 g/t Au with 0.44% CuEq*

••Excellent location and infrastructureExcellent location and infrastructure

Properties

USAUSA

* Copper equivalent estimated using $1.35/lb Cu and $650/oz Au


Copper Deposits – Western North America

Ann Mason, Nevada810 mt @ 0.4% Cu

Safford, Arizona 450 mt @ 0.38% Cu

Morenci, Arizona2.8 Bt @ 0.28% Cu

Copper Mountain, B.C. 360 mt @ 0.37% Cu

Valley Copper, B.C. 45 mt/a @ 0.32% Cu

Carlota, Arizona77 mt @ 0.45% Cu

PacMag

Freeport

Freeport

Princeton

Teck

Quadra


Crystal PropertyCrystal PropertyBritish ColumbiaBritish Columbia••Agreement with Taiga Consultants Ltd.Agreement with Taiga Consultants Ltd.

•• 100% interest subject to 1% NSR 100% interest subject to 1% NSR royaltyroyalty

•• CDN $500,000 exploration costsCDN $500,000 exploration costs••Early stage molybdenumEarly stage molybdenum‐‐copper prospectcopper prospect

•• Covers strong geochemical anomalyCovers strong geochemical anomaly••Drilling in 2010Drilling in 2010

Properties

CanadaCanada


HuaixiHuaixiZhejiang ProvinceZhejiang Province

•• Agreement with Zhejiang No. 11 Agreement with Zhejiang No. 11 Geological Brigade to explore for Geological Brigade to explore for porphyry copper at Huaixiporphyry copper at Huaixi•• EntrEntréée to spend US$3,000,000 over e to spend US$3,000,000 over 4 years to earn 78%4 years to earn 78%

•• Alteration zone never tested to depthAlteration zone never tested to depth•• Past producing Cu and FeS2 minesPast producing Cu and FeS2 mines

Properties

ChinaChina


Shares & Cash

Issued & Outstanding

Options (avg. price = C$1.86)

Fully Diluted

Cash on hand (approx.)

Market Cap (approx.)

97,768,114

10,229,032

107,997,146

C$40 million

C$300 million


Shareholder Base Issued & Outstanding


Shareholder Base Fully Dilluted


$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$0

$50

$100

$150

$200

$250

$300

$350

0

500

1,0001,500

2,000

2,500

Stock Price and Market Cap

2004 2005 2006 2007 2008 2009 2010

Volu

me

(Tho

usan

ds)

Rio invests in IVN

Windfall Tax/Falling Metal Prices

BMO Financing

Mongolian Election June 2008

Heruga Deposit Discovery

Rio-IVN Warrants

IVN Deal

Hugo North Extension

Rio-IVN PPHugo North

Resource

Shar

e Pr

ice

Share priceMarket capitalization

Windfall Tax Abolished

Effective Jan 2011

Investment Agreement Signed Oct 6, 2009

PacMag Deal Market capitalization ($ M

illions)

IA/Updated Heruga Resource


Going Forward with Continued Growth

Share priceMarket capitalization

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$0

$50

$100

$150

$200

$250

$300

$350

Updated Mine Plan

Advance to Production

Continued Exploration

Updated Mine Plan

Advance to Production

Continued Exploration

Acquisitions

0

500

1,0001,500

2,000

2,500

Volu

me

(Tho

usan

ds)

2010

Market capitalization ($ M

illions)Sh

are

Pric

e

2004 2005 2006 2007 2008 2009


““Domestic copper consumption to grow Domestic copper consumption to grow 14% this year, says CRU14% this year, says CRU””

TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA

By Glenys Sin (China Daily)By Glenys Sin (China Daily)Updated 2010Updated 2010--0404--1414


Managing risk in a volatile marketManaging risk in a volatile market

Global demand for

commodities

Inflationarypressure

Diminishingsupply

Market volatility

Strong boardExperienced

technical team

Strong boardExperienced

technical teamPeoplePeople

Substantial treasury

Substantial treasury

43-101 ResourcesFuture production

Pipeline

43-101 ResourcesFuture production

Pipeline

$$$$$$

Rio TintoIvanhoe Mines

Rio TintoIvanhoe Mines

AssetsAssets

PartnersPartners

C$40 millionC$40 million

ExplorationAcquisitionsProduction

GROWTHGROWTH


www.entreegold.com

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Corporate Presentation · TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA 11 Properties 2.8Blbs Copper Eq...

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