Entrée Resources Announces Retirement of Director and Appointment of New Board Member

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02/12/2025 07:47
Vancouver, B.C., December 1, 2025 – Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) today announces Dr. Michael Price will be retiring from the Board of Directors (the “Board”) of the Company effective December 31, 2025, after more than seven years of dedicated service.

Alan Edwards, Entrée’s Non-Executive Chair of the Board commented, “We would like to thank Dr. Price for his contributions and commitment as an independent director and a member of the Audit and Technical Committees of the Board. We have been extremely fortunate to have the benefit of his knowledge and insight developed over a 40-year career in mining and mining finance. Dr. Price’s commonsense approach and business acumen have been greatly appreciated. I would personally like to thank Mike for his support and friendship over the past years and wish him all the best in his retirement”.

The Company is pleased to announce that Mr. Chris Adams has accepted an offer to serve on the Board as an independent director to fill the vacancy created by Dr. Price’s retirement.

Mr. Adams is a mining finance consultant and corporate director with 35 years of industry experience. As head of Mining Finance for the Americas with Macquarie Group Limited, he led teams to evaluate and execute equity investments and loans to mining development projects around the world and marketed commodity derivatives. Prior to Macquarie, Mr. Adams worked in mining investment banking in Canada and Australia for both Macquarie and CIBC. He holds a B.Com. degree from McGill University, an MBA from the Massachusetts Institute of Technology, and the CFA designation.

Mr. Adams will join the Board effective January 1, 2026. Mr. Edwards commented, “The Board is looking forward to working with Chris as the Company continues its efforts to resolve outstanding issues in Mongolia to enable the restart of Oyu Tolgoi Lift 1 Panel 1 underground development work”.

ABOUT ENTRÉE RESOURCES LTD.

Entrée Resources Ltd. is a 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% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, depending on the depth of mineralization. Royal Gold (through its wholly owned subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively. More information about Entrée can be found at www.EntreeResourcesLtd.com.

FURTHER INFORMATION
David Jan
Investor Relations
Entrée Resources Ltd.
Tel: 604-687-4777 | Toll Free: 1-866-368-7330
E-mail: djan@EntreeResourcesLtd.com



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