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Erdene Resource Development Corp.

10:02 AM EST - Erdene Resource Development Corp. : Announced the results of an independent Technical Report for the 100%-owned, high-grade, open-pit, Khundii Gold Project in southwest Mongolia, including a Pre-Feasibility Study for its Bayan Khundii Gold Deposit and an updated Preliminary Economic Assessment for its Altan Nar Deposit, located 16 km from Bayan Khundii. The Technical Report also includes an updated mineral resource as well as a statement of mineral reserves for Bayan Khundii. The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by Tetra Tech Inc . The Technical Report, pursuant to NI 43-101 guidelines, will be filed on SEDAR within 45 days. Erdene Resource Development Corp. shares T.ERD are trading unchanged at $0.19.