Mongolian Economy and Finance

May 11 -- Metal-Tech (LON: MTT ) , the producer and recycler of speciality metals such as Tungsten and Molybdenum, announces results for the year ended 31 December 2011. … Operational Summary: … · The bankruptcy issue with the Company's Mongolian joint venture, Shim-Technology Co. Ltd. (Shim-Tech), is still under court process … Update on Mongolian Operations As stated on 28 June 2011, the Company was informed that thecourt in Erdenet has in May 2011 declared Shim-Tech, the Company's Mongolian subsidiary, bankrupt and ordered relevant authorities to freeze its accounts and seize its assets. As a result, the Company is no longer in control of Shim-Tech and therefore ceased to consolidate the financial statements of Shim-Tech. As previously stated, Metal-Tech is taking all necessary actions in Mongolia to attain a fair and just result for the Company, including the submission of its claims as creditor of Shim-Tech.

The Dartmouth firm involved in developing the Donkin coal project has posted a larger second-quarter loss for 2011.

HALIFAX, NOVA SCOTIA--(Marketwire - June 2, 2011) - Erdene Resource Development Corp. ("Erdene") ( http://www.erdene.com/ ) (TSX:ERD), is pleased to report an updated National Instrument 43-101 ("NI 43-101") compliant resource estimate for the Company's Zuun Mod ( http://www.erdene.com/projects40/zuunMod42b1.php ) molybdenum-copper project in Mongolia.

Drill Results Include 118 metres of 0.11% Molybdenum and 0.10% Copper.

HALIFAX, NOVA SCOTIA, Nov 17, 2010 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene" or "Company") /quotes/comstock/11t!e:erd ( CA:ERD 0.55, +0.05, +10.00%) today provided an update on its principal projects in conjunction with the release of its third quarter 2010 financial results.

HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 2, 2010) - Erdene Resource Development Corp. ("Erdene" or "Company") (TSX:ERD) today announced that a 4000-metre drilling program will commence this week on molybdenum and copper targets on the Khuvyn Khar Licence, which will include extension and confirmation drilling of Erdene's 100% owned Zuun Mod molybdenum-copper deposit and drilling of untested porphyry copper geophysical targets.