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Erdene Becomes First Cross-Listed Company on the Mongolian Stock Exchange, Closes an Oversubscribed Financing www.erdene.com

Halifax, Nova Scotia – June 14, 2018 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce that it has launched a secondary listing of its common shares on the Mongolian Stock Exchange (“MSE”) and closed the associated offering of 4,000,000 common shares to Mongolian residents (“Mongolia Offering”). The Company’s common shares issued under the Mongolia Offering will commence trading under the symbol “ERDN” on the MSE on or about June 19, 2018, as the first cross-listed and currently only precious metals exploration and development company listed on the MSE. “The Government of Mongolia has long expressed interest in having international investors list their mining and exploration projects on the MSE as a means to develop its capital market while providing shared benefits to local investors,” said Peter Akerley, President and CEO of Erdene. “Our listing is the result of two years of active collaboration with the Government of Mongolia to develop the necessary framework to accommodate cross listing of companies that are listed on international exchanges. Today we have added a significant number of new Mongolian shareholders to Erdene by way of our offering in Mongolia and MSE listing. The high level of investor and public interest in this offering has only strengthened our belief in the important role the local capital markets have in financing mineral exploration and development opportunities.” “We would like to welcome Erdene on the Mongolian Stock Exchange as the first cross-listed company in Mongolia,” said Altai Khangai, the CEO of the MSE. “This opens tremendous opportunity for the Company to connect with its stakeholders in the country.” Mr. Sumiyabazar Dolgorsuren, Mongolia’s Minister of Mining and Heavy Industry, added: “Erdene Resource Development is the first to cross list its shares in Mongolia, and we are grateful that mining companies are looking to be transparent and open to the Mongolian public.”



Published Date:2018-06-14