12:35 PM EST - Erdene Resource Development Corp. : reported first-quarter net income of $681,000 or $0.01 per share, compared to net loss of $1.55 million or $0.02 per share last year. Administrative expenses totaled $459,000, compared to $969,000 in first quarter 2008. Exploration and operating expenses amounted to $437,000, compared to $664,000 in the first quarter 2008. Erdene Resource Development Corp.
shares T.ERD are trading up $0.005 at $0.31.
