- Entrée Gold provides a corporate update on its mining projects. - At its Ann Mason project in Nevada, drilling has expanded copper resources and metallurgical testing is positive. A PEA has been initiated. - In Mongolia, the Oyu Tolgoi mine is 85% complete and production from Hugo North Extension is expected in 2015. Hugo North Extension and Heruga deposits remain open. - Exploration is also ongoing at other projects in Nevada, Mongolia, and Peru to identify additional copper and gold porphyry deposits.

1. On the Path to Production
Entrée Gold at Copper Oxide
Oyu Tolgoi Headframe Ann Mason Project
Ann Mason Drilling
June 2012
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2. Cautionary Statement
This corporate update contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning
of applicable Canadian securities laws.
Forward-looking statements include, but are not limited to, statements with respect to the future prices of copper, gold and molybdenum, the estimation of mineral reserves and resources, the
realization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of production and capital expenditures, the costs and timing of the development of
new deposits, the potential for the discovery of additional mineralized zones on properties in which Entrée has an interest, the potential for the expansion of existing deposits in which Entrée has an
interest, plans to prepare and the timing for release of a Preliminary Economic Assessment on the Ann Mason Project, the timing of and potential for future resource estimates on properties in which
Entrée has an interest, plans for future exploration and/or development programs and budgets, permitting time lines, anticipated business activities, corporate strategies, proposed acquisitions and
dispositions of assets and future financial performance. While Entrée Gold Inc. (“Entrée” or the “Company”) has based these forward-looking statements on its expectations about future events as at
the date that such statements were prepared, the statements are not a guarantee of the Company’s future performance and are subject to risks, uncertainties, assumptions and other factors which
could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, amongst others, that the size, grade
and continuity of deposits and resource and reserve estimates have been interpreted correctly from exploration results, that the prices of copper, gold and molybdenum will remain relatively stable,
the effects of general economic conditions, changing foreign exchange rates and actions by joint venture partners and by government authorities including the Government of Mongolia, uncertainties
associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking statements. In addition, there are also known and unknown risk factors which may
cause the actual results, performances or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Known risk factors are described in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 29, 2012 and in the Company’s most recent management
disclosure and anlysis filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future
events, or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company's exploration activities are under the supervision of Robert Cann, P.Geo., Vice President, Exploration of Entrée. Mr. Cann is a “qualified person” as defined in National Instrument 43-
101- Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Cann has approved this corporate update.
All minerals reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Cautionary Note to
United States Investors: United States investors are advised that while the terms “measured mineral resources”, “indicated mineral resources” “inferred mineral resources” and “probable mineral
reserves” are recognized and required by Canadian regulations, the United States Securities and Exchange Commission (SEC) does not recognize them. United States investors are cautioned not to
assume that any part or all of the mineral deposits in these categories will ever be upgraded to a higher category, or converted into mineral reserves. Inferred mineral resources have a great amount
of uncertainty as to their existence, and as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other
economic studies. United States investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally minable. Disclosure of “contained
ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade
without reference to unit measures. Accordingly, information contained in this corporate update containing descriptions of the Company’s mineral properties may not be comparable to similar
information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.The
information in this corporate update is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entrée. This information is
not intended to be, and should not be construed as, part of an offering or solicitation of securities.
Note 1: See the technical report titled "Technical Report 2012 on the Lookout Hill Property" dated March 29, 2012 ("LHTR12") prepared by AMC Consultants Pty Ltd, a copy of which is available on SEDAR at
www.sedar.com.
Note 2: See the technical report titled "Technical Report and Updated Mineral Resource Estimate on the Ann Mason Project Nevada, USA" dated March 26, 2012, prepared by Robert Cinits, P. Geo., the Company’s
Director, Technical Services, Scott Jackson, F.AusIMM, a principal of Quantitative Group Pty Ltd and Lyn Jones, P. Eng., a senior associate metallurgist for AGP Mining Consultants Inc., a copy of which is available on
SEDAR at www.sedar.com.
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3. On the Path to Production
Hugo North Extension and Heruga, Mongolia
Oyu Tolgoi Development
Phase I Construction 85% Complete
HNE Development Production in 2015
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4. On the Path to Production
Ann Mason, Nevada
North
Indicated: 8.0 Billion lbs Copper (0.2% Cu cut-off)
5.3 Billion lbs Copper (0.3% Cu cut-off)
Inferred: 7.3 Billion lbs Copper (0.2% Cu cut-off)
3.5 Billion lbs Copper (0.3% Cu cut-off)
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5. Highlights since AGM 2011
Ann Mason Shivee Tolgoi
• >23,000 m drilled at Ann Mason • Updated technical report: IDP12
• Updated and upgraded resource • New gold zone – Argo –
discovered on Shivee West
• Initiated PEA
• Rio Tinto increased ownership of
• Positive metallurgical studies Ivanhoe Mines to 51%
• Historical core assaying • Rio Tinto committed to CAPEX
• Initiated resource estimate for funding for building Oyu Tolgoi
(JV essential to ongoing development)
Blue Hill
• Consolidated and increased land
• Continued exploration on JV
ground
position at Ann Mason
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6. Highlights since AGM 2011
Corporate
• Financing over-allotment closes for USD $15.7M:
January 4, 2012
• Sale of asset backed securities
• Sale of non-core assets: Togoot, Northling, Australian-
listed securities
• Acquired 100% interest in Lordsburg and Oak Grove
projects in New Mexico
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7. Shareholder Base Fully Diluted
12.0%
60%
10.0%
Held by top 14
9.1% Shareholders
7.5%
4.8%
4.1% 4.1%
2.1% 2.1% 2.0%
1.1%
0.6% 0.4% 0.4%
•Rio Tinto holds beneficial ownership over shares held by Ivanhoe Mines
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8. Board of Directors
Greg Crowe President & CEO, Director
James Harris Chairman, Director
Michael Howard Deputy Chairman, Director
Lindsay Bottomer VP Business Development, Director
Peter Meredith Director
Mark Bailey Director
Alan Edwards Director
Gorden Glenn Director
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9. Financial Information
Treasury (As of March 31, 2012) ~Cdn$15.3 million
Issued and Outstanding 128,877,243
Options - 9,175,500 (Average price ~Cdn$2.00)
Fully Diluted 138,052,743
52 week High / Low Cdn$2.40 / $0.65
Analyst Coverage TD Newcrest
Hallgarten & Co. LLC
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10. Growth Through Exploration & Acquisitions
USA
Nevada Mongolia
Ann Mason Deposit
Hugo North Extension
Blue Hill
Roulette Heruga
Blackjack Shivee West
New Mexico
Lordsburg
Oak Grove
Australia
Peru Blue Rose
Lukkacha Mystique
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11. Entree Gold - USA
USA
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12. Ann Mason Project, Nevada
• Excellent infrastructure
• Drilling >41,000 m since 2010
• Associated with IP anomaly
 Ann Mason Deposit (Cu-Mo)
Indicated
8.0 B lbs Cu
1,115 Mt @ 0.33% Cu (0.2% Cu cut-off)
Inferred
7.3 B lbs Cu
1,131 Mt @ 0.29% Cu (0.2% Cu cut-off)
 Blue Hill Target (Cu-Mo)
2 km NW of Ann Mason
Note: Historical drill holes not shown on map
Mineral Resources March 2012
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13. Porphyry Related Copper Deposits
Western North America
1.5
Red Chris*
0.5
Pumpkin Hollow 1.0
Schaft Creek
% Copper
Rosemont Copper Creek Chino 0.5
0.4
Ajax Billion Tonnes
Mt Milligan*
Bagdad Excelsior
Mineral Park *
0.3 Ann Mason Copper Tyrone
1,115 Mt Mountain Poplar
Gibraltar Yerington
Highland
Valley
MacArthur
0.2 Sierrita
*CuEq
Inferred resources not included
Additional Ann Mason inferred resources: 1,131 million tonnes averaging 0.31% Cu Eq (0.29% Cu, 0.004% Mo) at 0.2% Cu cut-off
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14. Properties
New Mexico
USA Exploring for buried porphyry Cu-Mo targets
Lordsburg
• Copper porphyry discovery in area known
for vein style deposits
• Intercepts to 0.44% CuEq* over 60 m
• Further exploration planned
Oak Grove
• New target
• Magnetic anomaly similar to Chino Mine
• Proximity to producing Tyrone Mine
* Copper equivalent estimated using US$1.35/lb Cu and US$650/oz Au. Intercept contains 0.31% Cu and 0.21 g/t Au.
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15. Mongolia
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16. Shivee Tolgoi - Oyu Tolgoi Trends
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17. Oyu Tolgoi Trend
*Indicated resource grade; HNE inferred resource grade = 1.4% CuEq **Inferred resource grade
Modified from Lookout Hill Technical Report 2012
Mineral reserves are not additive to the mineral resources
Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was used
Phase 2 does not include mine plan for Lift 2 extraction
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18. Oyu Tolgoi Trend
+1% CuEq
Moly Zone
OPEN Lift 1 Extraction Level
Possible Extraction Level
Gold Zone Lift 2 Extraction Level
OPEN
OPEN
OPEN
OTLLC OTLLC
Modified from Lookout Hill Technical Report 2012
Mineral reserves are not additive to the mineral resources
Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was used
Entrée carries a 20% interest in the mineralization of the Hugo North Extension and Heruga deposits
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19. Entrée-OTLLC JV Deposit Resources
Entrée ownership - 20% Carried Interest
Hugo North Extension Heruga
Cu-Au Cu-Au-Mo
Probable
Mineral
27Mt ore
Reserves* 1.85% Cu and 0.72 g/t Au
1B lbs Cu / 0.53M oz Au
Indicated
Resources**
5.6B lbs CuEq
117 million tonnes*** - 1.80% Cu, 0.61 g/t Au
4.6B lbs Cu / 2.3M oz Au
Inferred 2.8B lbs CuEq 17.4B lbs CuEq
Resources** 95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au 910 million tonnes***
2.4B lbs Cu / 0.95M oz Au 0.48% Cu, 0.49 g/t Au, 0.014 % Mo
9.6B lbs Cu / 14M oz Au
HUGO
NORTH
See Lookout Hill Technical Report 2012
EXTENSION
* The mineral reserves are not additive to the mineral resources
** Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo
*** 0.6% CuEq cut-off HERUGA
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20. Hugo North Extension & Heruga
Moving Forward
Current
• Premier Asset
• High Grade – Long life
• OT Phase I Construction 85% Complete
• Entrée Carried to Production
Timeline for Entrée’s Assets
• First Ore from HNE1 2015
• 48 Year Potential Mine Life
in LOM Case: HNE1 + HNE2 + Heruga
• HNE & Heruga Deposits Remain Open
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21. Argo and Zone III Gold Targets
Shivee West (100% Entrée)
• 2.5 km magnetic low parallel to OT
Trend
• Low sulphidation epithermal
signature
Argo Zone Hole 111
X Surface Sampling
• Limited drilling
• High grade surface samples
Hole 112
Zone III
Hole 123
42.4 g/t Au over 4 m
19.3 g/t Au over 3 m
• 2011 drill results
1.82 g/t Au over 14 m (hole 112)
including 9.32 g/t Au over 2 m
2.21 g/t Au over 3 m (hole 111)
2.08 g/t Au over 8 m (hole 123)
including 5.60 g/t over 2 m
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22. Current Copper Assets
12
10
8 7.3B lbs Cu Ann Mason
Billion lbs
0.2 % Cu cut-off
6
8.0B lbs Cu
4
HNE & Heruga
4.1B lbs CuEq* 0.6% CuEq cut-off
2 (with 3M oz Au)
1.1B lbs CuEq*
(with 0.5M oz Au)
0
Indicated Inferred
*CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 Compliant.
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23. Advancing our Assets
Ann Mason Project Hugo North Extension & Heruga
100% Entrée Joint Venture
Drilling Ann Mason
2012
Drilling Heruga
2012
Ann Mason PEA
Blue Hill Resource Development HNE 1
2015
First Development
Shivee Tolgoi, Mongolia
Production HNE 1
100% Entrée
2012
Advance Argo Zone
48
2060
Year Potential
Production in LOM Case
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24. Mona Forster – Executive Vice President
mforster@entreegold.com
604-687-4777
www.entreegold.com
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