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Entrée Gold Inc. June 2010
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Board of Directors & Senior Management
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Greg Crowe President & CEO, Director
James Harris Chairman
Michael Howard Deputy Chairman
Lindsay Bottomer VP Business Development, Director
Peter Meredith Director
Mark Bailey Director
Hamish Malkin CFO
Robert Cann VP Exploration
Mona Forster VP Corporate Affairs
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Financial Information
Treasury*June 30, 2010 after close of deal
Issued and Outstanding*June 30, 2010 after close of deal
CAD$32 million
113,400,000
Investment by partners | +CAD$100 million
Includes US$35,000,000 earn-in by Ivanhoe Mines
52 week High/Low | CAD$3.59 / $1.02
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Strategic Partners
Rio Tinto 13.2%
Leading Mining Company
Investments in Entrée total over $38,000,000
Investment in Ivanhoe
Up to 46.65%
Total commitment >$2.5 billion
Ivanhoe
Mines Ltd.
Total commitment >$2.5 billionTotal commitment >$2.5 billion
12.2%
Oyu Tolgoi Project, Mongolia
Investments in Entrée total over $22,000,000
Spent US$35,000,000 as part of joint venture earn-in
Entrée-Ivanhoe Joint Venture
20/80% or 30/70%
Entrée carried to production
Joint Venture Partner Oyu Tolgoi LLC
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Entrée Gold – PacMag Combined Group Assets
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Mongolia
Investment Agreement
Finalized March 31, 2010
Partnership:
OT LLC
Government of Mongolia Ivanhoe Mines Rio Tinto
Key Benefits:
Entrée mining licences granted Long-term stability Development proceeding
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Lookout Hill
IVN/BHP Joint Venture
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Properties
2.8B
lbs Copper Eq
Inferred Resources*
(95,500,000 tonnes** - 1.15% Cu, 0.31 g/t Au2.4 billion lbs Cu / 0.95 million oz Au)
5.6B5.6B5.6B5.6B
lbs Copper Eq
Indicated Resources*
(117 million tonnes ** - 1.8% Cu, 0.61 g/t Au4.6 billion lbs Cu / 2.3 million oz Au)
Hugo North Extension
One of the world’s richest porphyry Cu-Au deposits
20%
Including
* Copper equivalent estimated using metal prices of $1.35/lb Cu and $650/oz Au -Figures are NI 43-101 compliant.
** 0.6% CuEq cutoff
Includdingg
27Mt27Mt27Mt27Mt27Mt27MtMineral Reserves
(1.85% Cu and 0.72 g/t Au1 billion lbs Cu / 0.53 million oz Au)
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Properties
17.4Blbs Copper Eq Inferred*
(910 million tonnes ** - 0.48% Cu, 0.49 g/t Au, 0.014 % Mo)(9.6 billion lbs Cu / 14 million oz Au)
Heruga
One of the world’s largest porphyry Cu-Au-Mo deposits Updated Inferred Mineral Resource – March 2010
20%
* Copper equivalent estimated using $1.35/lb Cu, $650/oz Au, $10/lb Mo –Figures are NI 43-101 compliant.
** 0.6% CuEq cutoff
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One of the world’s largest porphyry systems
S N
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Lookout Hill
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Mongolia
Integrated Development Plan
Announced May 11, 2010 / June 15, 2010
First Mineral Reserve – Hugo North Extension (HNE)
27 million tonnes @ 1.85% Cu and 0.72 g/t Au
Highlights:
2 main mining scenarios Reserve Case Life of Mine Sensitivity Case
2 alternative mining scenarios
HNE reserves highest NSR of all deposits
(US$55.57/tonne) part of Lift 1 Production commencing Year 4 Main production in Year 11
Upgrading resources planned
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Mongolia
Integrated Development Plan
Reserve Case
(US$)
Life of MineSensitivity
Case (includes Inferred
Resource)
(US$)
Alternative Scenario
Small Heruga
(US$)
Alternative Scenario
Large Heruga
(US$)
NPV(8%) after tax (long term prices)*
*Based on US$2.00/lb Cu, US$850/oz Au, US$13.50/oz Ag,US$13.50/lb Mo
79million 176million 71million 111million
NPV(8%) after tax (current prices)*
*Based on US$3.00/lb Cu, US$1200/oz Au, US$13.50/oz Ag, US$13.50/lb Mo
129million 327million 148million 289million
NPV (Dynamic DCF) 187million
NPV (Real Option) 264million
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Huaixi
Zhejiang Province
• Agreement with Zhejiang No. 11 Geological Brigade
• Entrée to spend US$3,000,000 over 4 years to earn 78%
• Widespread surface alteration zone never tested to depth
• Past producing Cu and pyrite mines
Properties
China
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Canada
Crystal Property
British Columbia
•Option to acquire 100% by spending
CAD $500,000
•Cu-Mo porphyry prospect
• Strong geochemical anomaly
•Airborne geophysics and drilling in 2010
Properties
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USA
Yerington Nevada
•Underdeveloped copper mining district
•Yerington Mine
•Mined early 1900s – 1980s
•Produced 1.8 billion lbs Cu
•Pumpkin Hollow
•Nevada Copper – 2.4 billion lbs Cu (Measured and Indicated)
•Pre-Feasibility study - December 2009
•Ann Mason (100% PacMag)
•7.1 billion lbs Cu inferred – NI 43-101
•Mineralization remains open
•Area prospects: Blue Hills, Minnesota, Shamrock
Properties
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Ann Mason – Blue Hills
18
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USA
Partners:
Empirical Discovery LLC
•Agreement to explore prospective region of New Mexico and Arizona for buried porphyry Cu-Mo targets
• Proprietary geophysical techniques successfully tested in Mongolia
• Three properties drilled to date, one new discovery at Lordsburg
•Lordsburg
• Intercepts to 0.44% CuEq* (over 60 m)• Further exploration planned
•Active targets: Bisbee and Oak Grove
Properties
* Copper equivalent estimated using $1.35/lb Cu and $650/oz Au
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Copper Deposits – Western North America
Ann Mason, Nevada 810 mt @ 0.4% Cu
Safford, Arizona 450 mt @ 0.38% Cu
Morenci, Arizona 2.8 Bt @ 0.28% Cu
Copper Mountain, B.C. 360 mt @ 0.37% Cu
Valley Copper, B.C. 45 mt/a @ 0.32% Cu
Carlota, Arizona 77 mt @ 0.45% Cu
Mount Milligan, BC 707 mt@ 0.28% Cu Eq
Gibraltar, BC 472 mt @0.315% Cu
PacMag
Freeport
Freeport
Princeton
Teck
Quadra
Terrane
Taseko
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-
2
4
6
8
10
12
Indicated Inferred
Copper ResourcesB
illio
ns (lb
s.)
1.1B CuEq* 4.1B CuEq*
7.1B Cu
*CuEq estimated using $1.35/lb/Cu, $650/oz Au, $10/lb Mo – Figures are 43-101 Compliant
Including 27 Mt Mineral Reserves at
Hugo North Extension1 B lb Cu / 0.53 M oz Au
Mongolia
Ann Mason Deposit
Nevada
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Shares & Cash
Issued & Outstanding
Options
(avg. price = ~C$1.86)
Fully Diluted
Cash on hand (approx.)
Market Cap (approx.)
~113,400,000
~8,450,000
~121,850,000
CAD$32 million
CAD$220 million
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13.23% 13.15%
12.17%
8.27%
4.31% 4.12%
2.29% 2.27%1.75%
0.84% 0.66% 0.66%
PacMag Shares
Rio Tinto Plc Ivanhoe Mines Limited
Caisse de depot et
placement du Quebec
Front Street Capital, Inc.
TD Asset Management
Inc.
Directors, management
Royce & Associates,
LLC
RBC Asset Management,
Inc.
CPP Investment
Board
Evergreen Investment
Management Company,
LLC
U.S. Global Investors, Inc.
Shareholder Base Issued & Outstanding
63.72%
By top 11 shareholders
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12.31% 12.24%
11.33%
9.04%
7.70%
4.01% 3.83%
2.11%1.63%
0.78% 0.62% 0.62%
PacMag Shares
Rio Tinto Plc Ivanhoe Mines Limited
Directors, management
Caisse de depot et
placement du Quebec
Front Street Capital, Inc.
TD Asset Management
Inc.
Royce & Associates,
LLC
RBC Asset Management,
Inc.
CPP Investment
Board
Evergreen Investment
Management Company,
LLC
U.S. Global Investors, Inc.
Shareholder Base Fully Diluted
66.23%
By top 11 shareholders
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$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$0
$50
$100
$150
$200
$250
$300
$350
0
500
1,0001,500
2,000
2,500
Stock Price and Market Cap
2004 2005 2006 2007 2008 2009 2010
Volu
me
(Tho
usan
ds)
IA/Updated Heruga Resource
Windfall Tax Abolished
Effective Jan 2011
Investment Agreement Signed Oct 6, 2009
PacMag Deal Market capitalization ($ M
illions)
Rio invests in IVN
Windfall Tax/Falling Metal Prices
BMO Financing
Mongolian Election June 2008
Heruga Deposit Discovery
Rio-IVN Warrants
IVN Deal
Hugo North Extension
Rio-IVN PP
Shar
e Pr
ice
Share priceMarket capitalization
IDP
PacMagAcquisition
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Going Forward with Continued Growth
Share priceMarket capitalization
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$0
$50
$100
$150
$200
$250
$300
$350Advance to Production
Continued Exploration including
development of PacMag
assets
Advance to Production
Continued Explorationincluding
development of PacMag
assets
Acquisitions
0
500
1,0001,500
2,000
2,500
Volu
me
(Tho
usan
ds)
2010
Market capitalization ($ M
illions)Sh
are
Pric
e
2004 2005 2006 2007 2008 2009
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Future Activities
Resource expansion
Heruga Southwest HNE
Shivee West
Searching for OT#2 Drill program
Ann Mason Deposit
Expand resource Trace higher grade
intercepts Deep probing
geophysics
Blue Hills
Shallow copper oxide
Drill programs
Bisbee Yerington
Mongolia USA Other
Enhance remaining
PacMag assets
Australia North Dakota
China - Huaixi
Drill Program
Canada - Crystal
Mapping Geochemistry
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Managing risk in a volatile market
Global demand
for
commodities
Inflationary
pressure
Diminishing
supply
Market
volatility
Strong board
Experienced
technical team
Strong boardStrong board
People
Substantial treasury
43-101 Resources
Future production
pipeline
Rio Tinto
Ivanhoe Mines
43 101 Resources
Assets
Partners
CAD$32 million
Exploration
Acquisitions
Production
GROWTH
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