Erdene Resource Development Corporation provided exploration drilling results from its Dark Horse gold prospect. New high-grade, shallow, gold discovery hosted in a 4 kilometre long structure in the western portion of Dark Horse demonstrates potential for significant gold discoveries near the Bayan Khundii deposit: AAD-58 returned 45 metres of 5.97 g/t gold beginning at 10 metres down-hole, including 1 metre of 82.5 g/t gold within 8 metres of 27.1 g/t gold; AAD-57, located 180 metres north of AAD-58, returned 16 metres of 0.6 g/t gold beginning at 52 metres down-hole, and 48 metres of 1.2 g/t gold beginning at 194 metres down-hole, including 30 metres of 1.7 g/t gold; AAD-51, collared 1 kilometre north of AAD-57, returned 3 metres of 5.6 g/t gold beginning at 138 metres down-hole and 10 metres of 0.9 g/t gold starting 222 metres downhole; Results are pending for AAD-61, drilled 500 metres north of AAD-57 along the same mineralized trend and AAD-60 drilled 750 metres to the northeast (NE) along the main NE trending Dark Horse structure. Gold mineralization is associated with a north-south (N-S) structure traced by its magnetic low signature, local exposures of epithermal breccia and stockwork veining, and gold anomalism in soil; AAD-57 and 58 are located at the intersection of the N-S structure and the NE trending Dark Horse structures with associated large magnetic low and high IP chargeability anomalies, similar to the Bayan Khundii setting. The Bayan Khundii Gold Resource2 includes 521,000 ounces of 3.16 g/t gold Measured and Indicated (“M&I”)3 and 103,000 ounces of Inferred resources at 3.68 g/t gold. A significant exploration program is planned for First Quarter 2021 to follow-up on this discovery. The phase II Dark Horse drill program was completed in early December 2020 with an additional 3,085 metres drilled in 14 holes. In total, Erdene drilled 4,660 metres in 25 holes (AAD-40 to 64) at Dark Horse in 2020. The phase II program built upon results from phase I including proximal pathfinder element (arsenic, molybdenum and antimony) drill intersections, magnetic-low anomalies and gold-in-soil anomalies associated with major structures, particularly structural intersections and interpreted zones of dilation. This newest discovery is located within a relatively under-explored area of the Dark Horse prospect. Situated along a north-south (N-S) trending structure traced by a magnetic low signature, local exposures of epithermal breccia and stockwork veining exhibiting gold anomalism in soil over a trend of approximately 4 kilometres. The N-S structural feature targeted by holes AAD-51, AAD-57 and AAD-58 and AAD-61 is located one kilometre west of AAD-48. This N-S feature has been traced over a 3-kilometre strike length from the Altan Arrow structure in the north to the CSZ Zone in the south, and continues further, one kilometre where it connects with the Bayan Khundii deposit; all lying within Erdene’s 100% owned 2,309 hectare Khundii mining license. The new discovery area (AAD-57 and AAD-58) is located proximal to the intersection of the N-S structure and the NE trending Dark Horse structures with associated gold in soil anomalism, pronounced magnetic low and high IP chargeability signatures. Over one kilometre north from AAD-57 and AAD-58, along the N-S structure, hole AAD-51 returned multiple anomalous gold zones including 3 metres of 5.6 g/t gold at 138 metres and 10 metres of 0.9 g/t gold at 222 metres down-hole depth. One additional hole has tested the northern portion of the structure with results pending; AAD-61, located 500 metres north of AAD-57. South of the new discovery area, the N-S structure continues (untested) for 1.3 kilometres to AAD-33 (85-metre hole in CSZ Zone drilled in 2019) where drilling intersected a thick package of silicified and white mica altered volcanic rocks consisting of tuff and porphyritic dacite with quartz-hematite veins and stockwork breccias with moderate to intense disseminated pyrite, broad zones of pathfinder elements and low levels but anomalous gold. The N-S feature is clearly evident on the magnetic survey map, as are numerous zones of intersection between this structure and northeast trending structural lineations, characteristic of the Dark Horse prospect. Current structural interpretations suggest the N-S trending structural features represent zones of dilation formed during tectonic compression from the South Southwest (Kloppenburg 2017).