Erdene Resource

Development Corp.

Developing a New
Gold District in
Southwest Mongolia

Forward Looking Statements

Certain information regarding Erdene ("the Company") contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forwardlooking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been
correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and
results may vary substantially from what the Company currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions.
All Mineral Resources for Altan Nar reported in this presentation represent estimates as at 19th February, 2015. RungePincockMinarco (RPM) have considered the costs,
recoveries and dilutions expected by comparing with other similar deposits in the region and adjusted these by considering the location of the Project and the deposit
characteristics. Mineral Resource grades are reported in accordance with the CIM Standards.
Mineral Resource Estimates for Altan Nar are reported on a dry in-situ basis. Gold equivalent (AuEq) values are used in an effort to express the combined value of gold, silver,
lead and zinc as a percentage of gold, and are provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually
result. Calculations use metal prices of US $1,200/oz gold, $18/oz silver, and $0.90/lb for lead and zinc.
The Mineral Resource estimates for Altan Nar has been compiled under the supervision of Mr. Jeremy Clark who is a full-time employee of RPM and a Member of the Australian
Institute of Geoscientists. Mr. Clark has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has
undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure.
Please refer to the NI 43-101 compliant mineral resource report for Altan Nar, dated March 24, 2015, entitled Altan Nar Gold Project, National Instrument 43-101 Mineral Resource
Technical Report, available on the Companys profile at www.sedar.com, as well as the Companys news release dated March 31, 2015, for further details on the Altan Nar mineral
resource estimate.
Reported drill hole intervals at Altan Nar represent drill intersection widths with most holes drilled at a 45 degree angle. For the Discovery Zone, the orientation of the
mineralization is near vertical and therefore true width is interpreted to be approximately 70% of the reported intervals. For Union North the mineralized zone has an interpreted dip
of 45 degrees therefore true width is close to reported drill hole intervals. All holes in Union North were drilled perpendicular to the trend of mineralization.
All other technical/geologic information contained herein has been reviewed and approved by Michael MacDonald, P.Geo. (Nova Scotia), Director of Exploration for Erdene, who is
the Qualified Person as that term is defined in National Instrument 43-101. All samples have been assayed at SGS Laboratory in Ulaanbaatar, Mongolia. In addition to internal
checks by SGS Laboratory, the Company incorporates a QA/QC sample protocol utilizing prepared standards, blanks and duplicates.
The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date
and subject to change after that date.
Unless otherwise indicated, all dollar values herein are in C$.

Major Porphyry-Epithermal Gold

Terranes and Deposits
Prolific Tian Shan Gold Belt
Includes some of the largest economic gold accumulations in the world
Second only to Witwatersrand in South Africa for known gold resources

Tian Shan Gold Belt

2014-15 Gold Production Highlights

Polymetal buys
Bakyrchik Gold
Projects: US$618M

Eldorados three China

gold mines produced >
360,000 oz Au

Bayan Airag: First

gold production in
Q2-2014

Turquoise Hill (Rio

Tinto), 589,000 oz Au
produced

Centerra Gold advances

1.6 Moz Gatsuurt gold
deposit

Kinrosss Kupol, 37%

increase in production to
~750,000 oz Au

China Gold
production increases
22% to 180,674 oz Au

Polymetal, 130,000 oz Au
in concentrate (Mayskoye)
refined in China
4

Southern Mongolia

Mining Activity & Regional Infrastructure Build-Up

Major Infrastructure Development With Access to Equipment & Manufacturing

Southwest Epithermal Gold District

Erdene Grassroots Discovery (100% Owned)
4 Million Hectare Exploration Program

Deep Seated Regional Structures

Altan Nar

200 km

Discovery - Ancient Pit

20 km

Extensive Geochemical Soil Anomaly

Lead

Gold

2km

2 km
6

Erdene Projects - Emerging Gold District

Altan Nar Gold Project Highlights

Discovered 2011

Initial 43-101 Resource in 1Q15

Near-Surface Portion for First 2 of 18 Targets

High-Grade System
1Q15 Drilling Includes 19 m @ 7.8 g/t Gold Equiv.

Near-Surface
90% of Resources Within 150 m of Surface

Significant Exploration Upside

Limited Drilling on Remaining 16 Targets Along 5.6 km Trend

100% Ownership in Project

No Related Royalties or Burdens

Carbonate Gold, Base Metal System

Analogous to Some of Asias Largest Gold Deposits
8

Altan Nar Gold Project

Initial Resource Estimate on First 2 of 18 Targets

Extent of Initial
1Q15 Resource

Highlights
18 targets along 5.6 km trend

Union
North

Average vertical drilling depth: 105 metres

Initial 1Q15 NI 43-101 Resource Estimate:
Discovery
Zone

62% of total drilling confined to DZ and

UN
Resource open in all directions

500m

88% drilling success rate intersecting

target mineralized zones
Exploration license in 6th of 12th year

Altan Nar Gold Project - Discovery Zone

Intensely Mineralized, Near Surface, Open to North & at Depth

11 m @ 2.6 g/t AuEq

16 m @ 8.7 g/t AuEq

94 m @ 1.0 g/t AuEq

19 m @ 7.8 g/t AuEq

8 m @ 6.0 g/t AuEq

7 m @ 7.1 g/t AuEq

15 m @ 3.7 g/t AuEq (T)

16 m @ 7.1 g/t AuEq

Cross-section
on following slide

21 m @ 3.0 g/t AuEq

10

Altan Nar Gold Project - Discovery Zone

Cross Section

Continuous, High-Grade Mineralization From Surface and Open at Depth

11 m @ 4.6 g/t AuEq

16 m @ 8.7 g/t AuEq

OPEN

19 m @ 7.8 g/t AuEq

11

Altan Nar Gold Project - Union North

Multiple Mineralized Structures Open in All Directions

3Q-2015 Drill/Trench Result

30 m @ 1.4 g/t AuEq

Previous Drill/Trench Result

6 m @ 6.7 g/t AuEq (T)

28 m @ 2.5 g/t AuEq (T)

5 m @ 7.7 g/t AuEq

12 m @ 5.4 g/t AuEq
19 m @ 15.2 g/t AuEq (T)

12 m @ 5.3 g/t AuEq

9 m @ 7.6 g/t AuEq (T)
9 m @ 5.4 g/t AuEq
11 m @ 6.7 g/t AuEq (T)
10 m @ 4.1 g/t AuEq

9 m @ 6.2 g/t AuEq

12

Altan Nar Gold Project

1Q-2015 Initial Resource Estimate (First Two Deposits)

High-Grade, Near-Surface Resource Estimate on First 2 of 18 Priority Targets (open in all directions)
Cut-Off

Resource

Tonnes

Au

Ag

Pb

Zn

AuEq

AuEq, g/t

Category

Mln

g/t

g/t

g/t

oz

Indicated

4.55

0.80

8.2

0.40

0.51

1.39

203,800

Inferred

4.23

0.65

8.3

0.31

0.45

1.17

158,800

Indicated

3.37

1.03

9.4

0.47

0.57

1.71

184,900

Inferred

3.02

0.85

9.4

0.35

0.51

1.43

139,300

Indicated

2.50

1.33

10.4

0.51

0.60

2.06

165,300

Inferred

2.00

1.19

10.1

0.38

0.54

1.81

116,500

Indicated

1.85

1.71

11.1

0.54

0.61

2.47

146,800

Inferred

1.50

1.49

10.4

0.39

0.54

2.12

102,100

Indicated

1.50

2.03

11.5

0.56

0.60

2.80

134,400

Inferred

1.17

1.77

10.7

0.39

0.53

2.41

90,600

Indicated

0.82

2.99

13.5

0.63

0.63

3.83

100,900

Inferred

0.61

2.47

11.8

0.45

0.58

3.18

62,500

0.4

0.6

0.8

1.0

1.2

2.0

Initial Resource
Areas

500m

Note: See Forward Looking Statements on slide 2 for cautionary statements as related to the above mineral resource estimates

13

Altan Nar Strategic Option Analysis

Metallurgy, Process Options, Infrastructure

Strategic Option Analysis being completed by RPM(RungePincockMinaraco)

Metallurgical Testing Program completed by Blue Coast Research Ltd. On
Discovery Zone North Material

Gold responded very well to direct leaching with recoveries of 88%

High-grade gold-lead-silver concentrates can be produced with good recoveries using conventional
lead-zinc differential flotation
Au

Assay
Ag
Pb

Zn

(%)

(g/t)

(g/t)

(%)

100

2.5

16.1

Lead Concentrate

0.97

229.1

Zinc Concentrate

0.84

Sulphide Concentrate
Combined

Processing
Flowsheet

Mass

Head Grade

Recovery
(%)

Au
(%)

Ag
(%)

Pb
(%)

Zn
(%)

0.81

0.67

1,029

61.87

5.53

74.7

64

74.4

7.8

20.2

242

5.78

50.28

5.7

13

6.0

61.3

4.01

6.2

14

0.82

0.52

8.4

3.5

4.1

3.1

5.82

88.8

81

84.5

72.2

100

87.8

64

Flotation

Cyanidation (48 hour)

Source: Blue Coast Research Ltd. Altan Nar Metallurgical Study, 3Q-2015

14

Bayan Khundii Gold Discovery

15

Bayan Khundii Gold Discovery

New discovery made by Erdene geologists on 100%
owned licence in July 2015
Visible gold observed in multiple locations with no
significant sulphide material present
Rock samples returned very high grade gold
Detailed sampling and trenching program initiated in
late August
Highly anomalous gold values over 1.4 km area
Target has not been drill tested

Bayan Khundii is yet another high-quality discovery by the Erdene technical team and is
testimony to the vast untapped mineral potential that exists in southwest Mongolia
16

Bayan Khundii Gold Discovery

Two Separate Mineralized Zones Over 1.4 km

Khundii Licence

Potential Connection with Altan Arrow

Bayan Khundii Discovery

Two Separate Mineralized Zones Over 1.4 km

Altan Arrow; Multiple, high-grade Au-Ag

veins (10-57 g/t Au) over 1km strike

NE Zone

1.3 g/t Au 4.1 g/t Au

Main Zone
See
Next
Slide
For
Inset
Map

Bayan Khundii
Discovery

500 m

1 km

17

Bayan Khundii Gold Discovery

Main Zone: parallel zones, 10 - 30 m wide, avg. 2.3 - 2.9 g/t Au

Rock Sample

74 g/t Au &
120 g/t Ag

26m @ 2.5 g/t Au

(1m @ 55.6 g/t Au)

Trench Sample

59 g/t Au

30m @ 2.7 g/t Au

(4m @ 7.4 g/t Au &
2m @ 11.2 g/t Au)

46 g/t Au

10m @ 2.9 g/t Au

(2m @ 10 g/t Au)
BKT-08

14m @ 2.3 g/t Au

(2m @ 9.4 g/t Au)

BKT-07

4,380 g/t Au &

570 g/t Ag
BKT
-04

BKT-11

BKT-09

6.3 g/t Au

1,790 g/t Au &

230 g/t Ag
110 g/t Au
67 g/t Au

4.3 g/t Au

100m

10.2 g/t Au
9.8 g/t Au
18

Moving Forward Q4 2015-Q4 2016

Altan Nar
Drill results for Discovery Zone and regional targets in Q4; follow up drilling,
resource expansion
Independent Strategic Options Analyses underway to evaluate mining,
processing, and marketing option
Additional metallurgical and process test work considering blending/scheduling
Mining licence application work to be initiated in 1Q-2016

Bayan Khundii
Drilling, detailed mapping, grid based rock chip sampling & geophysical surveys
(Q4)
Metallurgical Testing
Resource Drilling
19

What Sets Altan Nar/Bayan Khundii Apart?

A new gold district discovery
Early in exploration to development value curve
Low point in commodity cycle = low valuations

Ownership

100% interest in Project

Growth Potential

Limited drilling to date

All targets open for expansion over large areas

Development Stage of a Successful Mining Company

Value / ~Market Cap

Early-In Opportunity

Altan Nar/BK
Explora2on

Discovery

Feas- Const-
ibility ruc2on

Prod-
uc2on

High-Grade & Near Surface

Evidence of bonanza grades at surface that

have potential to improve pit economics

Excellent Metallurgy

88% gold recovery using conventional

processing Altan Nar
Coarse gold, low sulfide association at Bayan
Khundii

Location & Infrastructure

Region receiving rapid rail & road upgrades

Next door to worlds second largest gold
consumption region and largest gold producer
20

Corporate Snapshot
Capital Structure

Management

Trading Info

TSX: ERD

Share Price

$0.14

52 Wk Range

$0.09-0.17

Shares Outstanding

97 M

Mike MacDonald, Director of Exploration

Shares Fully Diluted

114 M

Mike Gillis, Director of Operations

Market Cap

$14M

Dawson Brisco, Manager Corporate Dvpmt

Share Distribution
Teck Resources

13%

ERD Mgmt & Directors

12%

55%

7%
5%
2%
6%

Lion Selection Group

Khan Investments
Glencore
Other Institutional
Retail

Peter Akerley, President & CEO, Director

Ken MacDonald, VP Bus. Development, CFO

Board Of Directors
Chris Cowan (Chairman), Mining executive/engineer
with 40+ years in senior industry positions

William Burton, Mining industry executive/geologist with

30+ years in the industry

John Byrne, Finance industry professional with over 30

years experience in the Canadian banking industry

Layton Croft, Experienced Mongolian mining industry

professional (Oyu Tolgoi LLC & Peabody)

Phillip Webster, President of Imperial Windsor Group

21

Erdene Resource
Development Corp.
October
2015
Developing a New
Gold District in
Southwest Mongolia

TSX: ERD
Peter C. Akerley
President & CEO, Director
Tel

902-423-6419

Email
info@erdene.com
Website www.erdene.com
Twitter

@ErdeneRes