18 04 2012_entree_gold_presentation animated_final

On the Path to Production

April 2012

Entrée Gold at

Oyu Tolgoi Headframe

Rio Tinto

Bingham Canyon

Entrée JV Discovery Hole

2TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA

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 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 the technical information contained in 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 atwww.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’sDirector, 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 onSEDAR at www.sedar.com.


Oyu Tolgoi Development

Phase I Construction 75% Complete

HNE Development Production in 2015


Hugo North Extension and Heruga, Mongolia



Ann Mason, Nevada

8.0 Billion lbs Copper Indicated*

7.3 Billion lbs Copper Inferred*

*0.2% Cu cut-off


Mongolia

Entrée-OTLLC JV

Hugo North Extension

Heruga

100% Entrée

Shivee West

Cu-Au-Mo

Grass Roots Exploration

United States ● Australia ● Peru

United States

100% Entrée

(Owned or Controlled)

Ann Mason Deposit

Blue Hill

Cu-Mo

Corporate Strategy

Striking the balance between opportunity and risk


Resources

*CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 compliant.

Mongolia

Nevada

Inferred Resource7.3 B Cu lbs0.2% Cut-off

or

3.5 B Cu lbs

0.3% Cut-off

Indicated Resource1.1B CuEq* lbs(with 0.5M oz Au)

0.6% Cut-off


Inferred Resource4.1B CuEq* lbs(with 3M oz Au)

0.6% Cut-off

HNE and Heruga

Ann Mason

Hugo North Ext'n

Heruga

Indicated Resource8.0 B Cu lbs0.2% Cut-off

or

5.4 B Cu lbs

0.3% Cut-off


Strategic Partners

Entrée-OT LLC JV

US$35,000,000 JV earn-in

>US$54 million to date

Entrée 20% - Ivanhoe 80% (deep)

Entrée 30% - Ivanhoe 70% (shallow)

Carried to production

Rio Tinto (13%)*

51% of Ivanhoe

Standstill expired January 2012

Commitment >US$3.7 billion

Ivanhoe Mines (11%)*

66% of Oyu Tolgoi

*Issued & Outstanding


Shareholder Base Fully Diluted

59%

Held by top 15

Shareholders

11.9%

9.9%

8.8%

8.1%

4.4% 4.4%

3.5%

2.0% 2.0%

1.2% 1.1%0.6% 0.6% 0.4% 0.4%


Board of Directors

President & CEO, Director

Chairman, Director

Deputy Chairman, Director

VP Business Development, Director

Director

Director

Director

Greg Crowe

James Harris

Michael Howard

Lindsay Bottomer

Peter Meredith

Mark Bailey

Alan Edwards


Financial Information

Treasury (As of Dec. 31, 2012)

Issued and OutstandingOptions - 10,800,000 (Average price ~Cdn$1.98)

Fully Diluted

52 week High / Low

Analyst Coverage

~Cdn$19 million

128,400,000

139,200,000

Cdn$2.88 / $0.93

TD Newcrest

Hallgarten & Co. LLC


Growth Through Exploration

• Mongolia New gold zone discovered at Shivee West in 2011

Drilling on JV property

• USA Drilling at Ann Mason, NV

Drill permits pending at Oak Grove and Lordsburg, NM

& Acquisitions


Entree Gold - USA

USA


Properties

Minnesota

Shamrock

• Rated No. 1 mining jurisdiction in USA

• Underdeveloped camp with significant Cu

• Positioned for major company investment

• Yerington Mine

Produced 1.9 billion lbs Cu (1918-1982)

• Pumpkin Hollow - Nevada Copper

5.9 billion lbs Cu @ 0.55% (M&I)

(0.2% Cu cut-off)

• Entrée Targets

Blue Hill

Blackjack

Roulette

Yerington,

Nevada

USA


Ann Mason Project, Nevada

* Copper equivalent estimated using US$2.50/lb Cu, US$15/lb Mo, Au US$1000/oz and Ag US$ 15/oz. *See news releases dated Sept 6, 2011, Feb 7, 2011 and Mar. 1, 2012.

8.0 billion lbs Cu Indicated

1,115 Mt @ 0.33% Cu

0.2% Cu cut-off

(5.4 billion lbs Cu Indicated

640 Mt @ 0.38% Cu

0.3% Cu cut-off)

7.3 billion lbs Cu Inferred

1,131 Mt @ 0.29% Cu

0.2% Cu cut-off

(3.5 billion lbs Cu Inferred

444 Mt @ 0.36% Cu

0.3% Cu cut-off)

Drill Highlights

• 650 m of 0.39% CuEq (AM-11-010)

• 988 m of 0.38% CuEq (AM-10-001)

• 759 m of 0.49% CuEq (AM-10-020)

• 783 m of 0.41% CuEq (AM-10-024)


100% Entrée

No Royalties

Major Deposit

2.3 X 1.3 km

>1000 m depth

Premier Location

PEA Planned

H2 - 2012

Ann Mason Deposit

Yerington, Nevada

1.3

k

m


Ann Mason


8.0 Million lbs Cu

Indicated

7.3 Million lbs Cu

Inferred


Porphyry Copper Deposits

Western North America

Morenci

3200 Mt

Ann Mason* 0.2%

1115 Mt

Ann Mason* 0.3%

640 Mt

Mt Milligan*

707 Mt

Red Chris

619 Mt

Rosemont

543 Mt

Gibraltar

460 Mt

Highland Valley

440 Mt

Safford

243 Mt

Copper Mtn

233 Mt

Tyrone

180 Mt

Carlota

64 Mt

Chart based on indicated resources.

Ann Mason inferred resources: 0.3% Cu cut-off – 444 million tonnes averaging 0.38% CuEq (0.36% Cu, 0.004% Mo)

0.2% Cu cut-off – 1,131 million tonnes averaging 0.31% Cu Eq. (0.29% Cu, 0.004% Mo)

*Copper equivalent indicated resource

0.5

0.4

0.3

0.2

0.1

% C

op

per

0.6


Partners: Empirical Discovery

Explore for buried porphyry Cu-Mo targets

• Proprietary geophysical techniques

• Four properties drilled

Entrée discovery at Lordsburg

• Intercepts to 0.44% CuEq* over 60 m

• Further exploration planned

Other targets

• Oak Grove

USA

Properties

* 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. See news release dated Oct. 8, 2009.

Arizona

New Mexico


Mongolia


Shivee Tolgoi - Oyu Tolgoi Trends


Oyu Tolgoi Trend

0.9% CuEq

2.2%

CuEq

See Note 1 of Cautionary Statement. Modified from LHTR12.

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. A 0.6% CuEq cutoff was used.


Entrée-OTLLC JV Deposit Resources

Entrée ownership - 20% Carried Interest

See Note 1 of Cautionary Statement and LHTR12.

* 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 cutoff.


Cu-Au

Probable

Mineral

Reserves*

27Mt ore1.85% Cu and 0.72 g/t Au1B lbs Cu / 0.53M oz Au

Indicated

Resources**

5.6B lbs CuEq

117 million tonnes*** - 1.8% Cu, 0.61 g/t Au

4.6B lbs Cu / 2.3M oz Au

Inferred

Resources**

2.8B lbs CuEq

95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au2.4B lbs Cu / 0.95M oz Au


Cu-Au

Heruga

Cu-Au-Mo

Probable

Mineral

Reserves*

27Mt ore1.85% Cu and 0.72 g/t Au1B lbs Cu / 0.53M oz Au

Indicated

Resources**

5.6B lbs CuEq

117 million tonnes*** - 1.8% Cu, 0.61 g/t Au

4.6B lbs Cu / 2.3M oz Au

Inferred

Resources**

2.8B lbs CuEq

95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au2.4B lbs Cu / 0.95M oz Au

17.4B lbs CuEq

910 million tonnes***

0.48% Cu, 0.49 g/t Au, 0.014 % Mo9.6B lbs Cu / 14M oz Au

HUGO

NORTH

EXTENSION

HERUGA


Hugo North Extension Cu-Au Deposit &

Heruga - Moving Forward

Current

• Premier Asset

• High Grade – Long life

• OT Phase I Construction 75% Complete

• Entrée Carried to Production

Timeline for Entrée’s Assets

• First Ore from HNE 2015

• 50+ Year Mine Life

• HNE & Heruga Deposits Remain Open


Exploration Potential


Argo and Zone III Gold Targets

Shivee West (100% Entrée)

• 2.5 km Magnetic Low Parallel to

OT Trend

• Low Sulphidation Epithermal

Signature

• Limited Drilling

• High Grade Surface Samples

• 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 over 3 m (hole 111)

• 2.08 g/t Au over 8 m (hole 123)

including 5.60 g/t over 2 m


Current Copper Assets

0

2

4

6

8

10

12

Indicated Inferred

Nevada_0.2% Cut-off

Mongolia

Billio

ns (lb

s)

*CuEq estimated using US$1.35/lb Cu,

US$650/oz Au, US$10/lb Mo.

Figures are NI 43-101 Compliant.

Nevada

Ann Mason

4.1 B lbs CuEq*

(with 3M oz Au)1.1 B lbs CuEq*

(with 0.5M oz Au)

Includes HNE

Mineral Reserves

Mongolia

8.0 B lbs Cu

0.2% Cu cut-off

7.3 B lbs Cu

0.2% Cu cut-off

Indicated Inferred

5.4 B lbs Cu

0.3% Cu cut-off

3.5 B lbs Cu

0.3% Cu cut-off


100% Entrée

(Owned or Controlled)

Ann Mason, Nevada

Drilling 2012

PEA in late 2012

Shivee West, Mongolia

Exploration Argo Zone 2012

Joint Venture

Hugo North Extension &

Heruga, Mongolia

On-going Development to 2015

First Dev. Production in 2015

Production to post 2070

Exploration Drilling in 2012

Advancing our Assets


0

500

1,000

1,500

2,000

2,500

Copper Resources vs. Share Price

Sh

are

Pri

ce

Share price

*0.2% Cu Cut-off

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

0

4

8

12

16

20

2004 2005 2006 2007 2008 2009 2010 2011 2012Indicated (Billion lbs) Inferred (Billion lbs)

Billio

n P

ou

nd

s C

op

pe

r

IVN Deal

Rio

Investment

HNE

Discovery

Mongolian

Windfall

Tax

IVN-Rio

Deal

Rio-IVN

Exercise

2005

Warrants

Heruga

Discovery

BMO

Financing

IA &

Withdrawal of

Windfall Tax

PacMag

Acquisition


Monica Hamm – Manager Investor Relations

[email protected]

604-687-4777

www.entreegold.com