ZUUN MOD EXPLORATION LICENSE EXTENDED

Erdene Resource Development Corp. has said its Zuun Mod exploration license was recently renewed until May 28, 2011. Erdene has been carrying out work over the past year in preparation for conversion of the Zuun Mod exploration license to a mining license. This included work by Mongolian consulting companies that prepared technical reports in support of the mining license application. These reports have been finalized and submitted to the Mongolian Mineral Resource Council, for registration of the mineral resource at Zuun Mod, a prerequisite to the granting of a mining license.  Upon registration of the Zuun Mod resource by the Minerals Resource Council, the Corporation will have all necessary documentation to apply for a mining license for the Zuun Mod Molybdenum Project covering approximately 10,000 hectares. Under the Minerals Law of Mongolia, the initial term for a mining license is 30 years with an option for two 20-year extensions.
Minarco-MineConsult of Australia, the Corporation's independent technical consultants, are in the process of conducting pit optimization and scheduling studies on the Zuun Mod deposit to combine with the previously completed preliminary assessment level work initiated in 2008. Zuun Mod is one of the largest undeveloped molybdenum-copper deposits in the Asia region.
Erdene has also appointed Mr. Malcolm F. Cox to its Board of Directors. "We are excited by the appointment of Mr. Cox to the Board as Malcolm has been involved with the joint Xstrata-Erdene projects in eastern Canada and Mongolia since they began and has a very good understanding of what is involved in advancing both opportunities," said Mr. Peter Akerley, President and CEO of Erdene. 
Source: Erdene Resource Development Corp.

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