Entree Gold Investor Presentation June, 2012

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

On the Path to Production

June 2012

Entrée Gold at

Oyu Tolgoi Headframe

Copper Oxide

Ann Mason Project Ann Mason Drilling


Cautionary Statement

This corporate update contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning

of applicable Canadian securities laws.

Forward-looking statements include, but are not limited to, statements with respect to the future prices of copper, gold and molybdenum, the estimation of mineral reserves and resources, the

realization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of production and capital expenditures, the costs and timing of the development of

new deposits, the potential for the discovery of additional mineralized zones on properties in which Entrée has an interest, the potential for the expansion of existing deposits in which Entrée has an

interest, plans to prepare and the timing for release of a Preliminary Economic Assessment on the Ann Mason Project, the timing of and potential for future resource estimates on properties in which

Entrée has an interest, plans for future exploration and/or development programs and budgets, permitting time lines, anticipated business activities, corporate strategies, proposed acquisitions and

dispositions of assets and future financial performance. While Entrée Gold Inc. (“Entrée” or the “Company”) has based these forward-looking statements on its expectations about future events as at

the date that such statements were prepared, the statements are not a guarantee of the Company’s future performance and are subject to risks, uncertainties, assumptions and other factors which

could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, amongst others, that the size, grade

and continuity of deposits and resource and reserve estimates have been interpreted correctly from exploration results, that the prices of copper, gold and molybdenum will remain relatively stable,

the effects of general economic conditions, changing foreign exchange rates and actions by joint venture partners and by government authorities including the Government of Mongolia, uncertainties

associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking statements. In addition, there are also known and unknown risk factors which may

cause the actual results, performances or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking

statements. Known risk factors are described in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 29, 2012 and in the Company’s most recent management

disclosure and anlysis filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual

actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or

intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future

events, or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company's exploration activities are under the supervision of Robert Cann, P.Geo., Vice President, Exploration of Entrée. Mr. Cann is a “qualified person” as defined in National Instrument 43-

101- Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Cann has approved this corporate update.

All minerals reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Cautionary Note to

United States Investors: United States investors are advised that while the terms “measured mineral resources”, “indicated mineral resources” “inferred mineral resources” and “probable mineral

reserves” are recognized and required by Canadian regulations, the United States Securities and Exchange Commission (SEC) does not recognize them. United States investors are cautioned not to

assume that any part or all of the mineral deposits in these categories will ever be upgraded to a higher category, or converted into mineral reserves. Inferred mineral resources have a great amount

of uncertainty as to their existence, and as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other

economic studies. United States investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally minable. Disclosure of “contained

ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade

without reference to unit measures. Accordingly, information contained in this corporate update containing descriptions of the Company’s mineral properties may not be comparable to similar

information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.The

information in this corporate update is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entrée. This information is

not intended to be, and should not be construed as, part of an offering or solicitation of securities.

Note 1: See the technical report titled "Technical Report 2012 on the Lookout Hill Property" dated March 29, 2012 ("LHTR12") prepared by AMC Consultants Pty Ltd, a copy of which is available on SEDAR at www.sedar.com. Note 2: See the technical report titled "Technical Report and Updated Mineral Resource Estimate on the Ann Mason Project Nevada, USA" dated March 26, 2012, prepared by Robert Cinits, P. Geo., the Company’s Director, Technical Services, Scott Jackson, F.AusIMM, a principal of Quantitative Group Pty Ltd and Lyn Jones, P. Eng., a senior associate metallurgist for AGP Mining Consultants Inc., a copy of which is available on SEDAR at www.sedar.com.


Oyu Tolgoi Development

Phase I Construction 85% Complete

HNE Development Production in 2015


Hugo North Extension and Heruga, Mongolia



Ann Mason, Nevada

Indicated: 8.0 Billion lbs Copper (0.2% Cu cut-off)

5.3 Billion lbs Copper (0.3% Cu cut-off)

Inferred: 7.3 Billion lbs Copper (0.2% Cu cut-off)

3.5 Billion lbs Copper (0.3% Cu cut-off)

North


Highlights since AGM 2011

Shivee Tolgoi

• Updated technical report: IDP12

• New gold zone – Argo –

discovered on Shivee West

• Rio Tinto increased ownership of

Ivanhoe Mines to 51%

• Rio Tinto committed to CAPEX

funding for building Oyu Tolgoi (JV essential to ongoing development)

• Continued exploration on JV

ground

Ann Mason

• >23,000 m drilled at Ann Mason

• Updated and upgraded resource

• Initiated PEA

• Positive metallurgical studies

• Historical core assaying

• Initiated resource estimate for

Blue Hill

• Consolidated and increased land

position at Ann Mason


Highlights since AGM 2011

Corporate

• Financing over-allotment closes for USD $15.7M:

January 4, 2012

• Sale of asset backed securities

• Sale of non-core assets: Togoot, Northling, Australian-

listed securities

• Acquired 100% interest in Lordsburg and Oak Grove

projects in New Mexico


Shareholder Base Fully Diluted

60%

Held by top 14

Shareholders

•Rio Tinto holds beneficial ownership over shares held by Ivanhoe Mines

12.0%

10.0%

9.1%

7.5%

4.8%

4.1% 4.1%

2.1% 2.1% 2.0%

1.1% 0.6% 0.4% 0.4%


Board of Directors

Greg Crowe President & CEO, Director

James Harris Chairman, Director

Michael Howard Deputy Chairman, Director

Lindsay Bottomer VP Business Development, Director

Peter Meredith Director

Mark Bailey Director

Alan Edwards Director

Gorden Glenn Director


Financial Information

Treasury (As of March 31, 2012)

Issued and Outstanding Options - 9,175,500 (Average price ~Cdn$2.00)

Fully Diluted

52 week High / Low

Analyst Coverage

~Cdn$15.3 million

128,877,243

138,052,743

Cdn$2.40 / $0.65

TD Newcrest

Hallgarten & Co. LLC


Growth Through Exploration & Acquisitions

USA

Mongolia Nevada

Blue Hill Roulette

Blackjack

Lordsburg

Oak Grove

New Mexico

Shivee West

Australia Blue Rose

Mystique Peru Lukkacha

Ann Mason Deposit Hugo North Extension

Heruga


Entree Gold - USA

USA


• Excellent infrastructure

• Drilling >41,000 m since 2010

• Associated with IP anomaly

Ann Mason Deposit (Cu-Mo)

Blue Hill Target (Cu-Mo)

2 km NW of Ann Mason

Note: Historical drill holes not shown on map

Ann Mason Project, Nevada

Indicated

8.0 B lbs Cu

1,115 Mt @ 0.33% Cu (0.2% Cu cut-off)

Inferred

7.3 B lbs Cu

1,131 Mt @ 0.29% Cu (0.2% Cu cut-off)

Mineral Resources March 2012


Sierrita

Bagdad

Gibraltar Highland

Valley

Red Chris*

Schaft Creek

Mt Milligan*

Rosemont

Pumpkin Hollow

Copper Mountain

Ajax

Excelsior

Copper Creek

Mineral Park *

Chino

Poplar

MacArthur

Tyrone

Yerington

Porphyry Related Copper Deposits

Western North America

0.5

0.4

0.3

0.2

% C

op

per

Ann Mason

1,115 Mt

*CuEq

Inferred resources not included

Additional Ann Mason inferred resources: 1,131 million tonnes averaging 0.31% Cu Eq (0.29% Cu, 0.004% Mo) at 0.2% Cu cut-off

1.5

1.0

0.5

Billion Tonnes


Lordsburg

• Copper porphyry discovery in area known

for vein style deposits

• Intercepts to 0.44% CuEq* over 60 m

• Further exploration planned

Oak Grove

• New target

• Magnetic anomaly similar to Chino Mine

• Proximity to producing Tyrone Mine

USA

Properties

* Copper equivalent estimated using US$1.35/lb Cu and US$650/oz Au. Intercept contains 0.31% Cu and 0.21 g/t Au.

New Mexico

Exploring for buried porphyry Cu-Mo targets


Mongolia


Shivee Tolgoi - Oyu Tolgoi Trends


Oyu Tolgoi Trend

*Indicated resource grade; HNE inferred resource grade = 1.4% CuEq **Inferred resource grade

Modified from Lookout Hill Technical Report 2012

Mineral reserves are not additive to the mineral resources

Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was used

Phase 2 does not include mine plan for Lift 2 extraction


Oyu Tolgoi Trend

Lift 1 Extraction Level

Lift 2 Extraction Level

OTLLC

Moly Zone

Gold Zone

Possible Extraction Level

OTLLC

Modified from Lookout Hill Technical Report 2012

Mineral reserves are not additive to the mineral resources

Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was used

Entrée carries a 20% interest in the mineralization of the Hugo North Extension and Heruga deposits

OPEN

OPEN

OPEN

OPEN

+1% CuEq


Entrée-OTLLC JV Deposit Resources

Entrée ownership - 20% Carried Interest

See Lookout Hill Technical Report 2012

* The mineral reserves are not additive to the mineral resources

** Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo

*** 0.6% CuEq cut-off

Hugo North Extension

Cu-Au

Probable

Mineral

Reserves*

27Mt ore 1.85% Cu and 0.72 g/t Au 1B lbs Cu / 0.53M oz Au

Indicated

Resources**

5.6B lbs CuEq

117 million tonnes*** - 1.80% Cu, 0.61 g/t Au

4.6B lbs Cu / 2.3M oz Au

Inferred

Resources**

2.8B lbs CuEq

95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au 2.4B lbs Cu / 0.95M oz Au

Hugo North Extension

Cu-Au

Heruga

Cu-Au-Mo

Probable

Mineral

Reserves*

27Mt ore 1.85% Cu and 0.72 g/t Au 1B lbs Cu / 0.53M oz Au

Indicated

Resources**

5.6B lbs CuEq

117 million tonnes*** - 1.80% Cu, 0.61 g/t Au

4.6B lbs Cu / 2.3M oz Au

Inferred

Resources**

2.8B lbs CuEq

95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au 2.4B lbs Cu / 0.95M oz Au

17.4B lbs CuEq

910 million tonnes***

0.48% Cu, 0.49 g/t Au, 0.014 % Mo 9.6B lbs Cu / 14M oz Au

HUGO

NORTH

EXTENSION

HERUGA


Hugo North Extension & Heruga

Moving Forward

Current

• Premier Asset

• High Grade – Long life

• OT Phase I Construction 85% Complete

• Entrée Carried to Production

Timeline for Entrée’s Assets

• First Ore from HNE1 2015

• 48 Year Potential Mine Life

in LOM Case: HNE1 + HNE2 + Heruga

• HNE & Heruga Deposits Remain Open


Argo and Zone III Gold Targets

Shivee West (100% Entrée)

• 2.5 km magnetic low parallel to OT

Trend

• Low sulphidation epithermal

signature

• Limited drilling

• High grade surface samples

42.4 g/t Au over 4 m

19.3 g/t Au over 3 m

• 2011 drill results

1.82 g/t Au over 14 m (hole 112)

including 9.32 g/t Au over 2 m



including 5.60 g/t over 2 m

Hole 112

Hole 111

Hole 123

Argo Zone

Zone III

X Surface Sampling


Current Copper Assets

*CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 Compliant.

0

2

4

6

8

10

12

Indicated Inferred

Billio

n l

bs

7.3B lbs Cu

8.0B lbs Cu

HNE & Heruga 0.6% CuEq cut-off

Ann Mason 0.2 % Cu cut-off

4.1B lbs CuEq*

(with 3M oz Au)

1.1B lbs CuEq*

(with 0.5M oz Au)


Advancing our Assets

Ann Mason Project 100% Entrée

Drilling Ann Mason

Ann Mason PEA

Blue Hill Resource

Shivee Tolgoi, Mongolia 100% Entrée

Advance Argo Zone

Hugo North Extension & Heruga Joint Venture

Drilling Heruga

Development HNE 1

First Development

Production HNE 1

48 Year Potential

Production in LOM Case

2012

2015

2012

2012

2060


Mona Forster – Executive Vice President

[email protected]

604-687-4777

www.entreegold.com

Date post:	16-May-2015
Category:	Investor Relations
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Entree Gold Investor Presentation June, 2012

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