Vancouver, B.C., June 8, 2018 – Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the “Company” or “Entrée”) is pleased to announce it has sold its 0.5% net smelter returns royalty (the “Royalty”) on Candente Copper Corp.’s Cañariaco Copper Project in Northern Peru to Anglo Pacific Group PLC (LSE: APF; TSX: APY – “Anglo Pacific”).

Under the agreement with Anglo Pacific (the “Agreement”), Entrée transferred all the issued and outstanding shares of its subsidiaries that directly or indirectly hold the Royalty to Anglo Pacific for consideration of US$1 million, payable by the issuance of 478,951 Anglo Pacific shares at the Anglo Pacific 30-day volume weighted average price of 156.6079 GBP per share as of June 5, 2018 (the “Share Consideration”). Entrée has agreed to hold the Share Consideration for a period of at least 90 days following closing.

In addition, Entrée retains the right to a portion of any future royalty income received by Anglo Pacific in relation to the Royalty as follows:

20% of any royalty payment received for any calendar quarter up to and including the quarter ending December 31, 2029;
15% of any royalty payment received for any calendar quarter commencing January 1, 2030 up to and including the quarter ending December 31, 2034; and
10% of any royalty payment received for any calendar quarter commencing January 1, 2035 up to and including the quarter ending December 31, 2039.
Stephen Scott, President and CEO of Entrée comments, “We are very pleased to enter into this agreement with Anglo Pacific. In addition to making a 100% gain on its initial US$500,000 investment, Entrée also retains long-term exposure to a potential royalty income stream from the Cañariaco Copper Project, when and if it is developed. In addition to potential appreciation on the Share Consideration and potential royalty income, Anglo Pacific has a continuing policy of paying a substantial portion of its income from royalties and streams to shareholders as dividends. We look forward to that dividend income as a future source of cash. The sale of Entrée’s respective subsidiaries that hold the Royalty to Anglo Pacific will further reduce Entrée’s annual cash burn rate, better positioning the Company as it moves towards first development production from the Entrée/Oyu Tolgoi joint venture property in Mongolia.”

ABOUT ANGLO PACIFIC GROUP PLC
Anglo Pacific Group PLC is a global natural resources royalty and streaming company. Anglo Pacific’s strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties and streams on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage projects. It is a continuing policy of Anglo Pacific to pay a substantial portion of these royalty and stream revenues to shareholders as dividends. More information about Anglo Pacific can be found at www.anglopacificgroup.com.

ABOUT ENTRÉE RESOURCES LTD.
Entrée Resources Ltd. is a well-funded Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% carried participating interest in the Entrée/Oyu Tolgoi joint venture, with a 30% interest in all mineralization identified above 560 metres elevation on the Entrée/Oyu Tolgoi joint venture property. Sandstorm Gold Ltd., Rio Tinto and Turquoise Hill are major shareholders of Entrée, holding approximately 14%, 9% and 8% of the shares of the Company, respectively. More information about Entrée can be found at www.EntreeResourcesLtd.com