Entrée Gold Files Amended Technical Report and Provides Update on Ann Mason - Seite 2

ANN MASON UPDATE

On July 16, 2014, the Company announced the commencement of an infill drill program designed to upgrade the mineral resources contained in the PEA Phase 5 pit from indicated and inferred to a combination of measured and indicated categories. The program contemplates approximately 18,500 metres of pre-collar reverse circulation (RC) and diamond drilling in 40 holes, and is expected to be completed by the end of 2014. To date, 30 RC pre-collar holes and 12 core holes have been completed and a total of 5,475 metres of RC pre-collar and 4,410 metres of core have been drilled. Analytical results are pending. The Company plans to issue an updated resource estimate in the first quarter of 2015.

QUALIFIED PERSON

Robert Cinits, P.Geo., Entrée's Vice-President, Corporate Development, a Qualified Person as defined by National Instrument 43-101, has approved the technical information in this release.

NON-U.S. GAAP PERFORMANCE MEASUREMENT

"Cash Costs" is a non-U.S. GAAP Performance Measurement. This performance measure is included because this statistic is widely accepted as the standard of reporting cash costs of production in North America. This performance measure does not have a meaning within U.S. GAAP and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. This performance measure should not be considered in isolation as a substitute for measures of performance in accordance with U.S. GAAP.

ABOUT ENTRÉE GOLD INC.

Entrée Gold Inc. is a Canadian mineral exploration company balancing opportunity and risk with key assets in Mongolia and Nevada. As a joint venture partner with a carried interest on a portion of the Oyu Tolgoi mining project in Mongolia, Entrée has a unique opportunity to participate in one of the world's largest copper-gold projects managed by one of the premier mining companies - Rio Tinto. Oyu Tolgoi, with its series of deposits containing copper, gold and molybdenum, has been under exploration and development since the late 1990s.

Additionally, Entrée has been advancing its Ann Mason Project in one of the world's most favourable mining jurisdictions, Nevada. The Ann Mason Project hosts the Ann Mason copper-molybdenum deposit as well as the Blue Hill copper deposit within the rejuvenated Yerington copper camp.

Sandstorm Gold, Rio Tinto and Turquoise Hill Resources are major shareholders of Entrée, holding approximately 12%, 11% and 9% of issued and outstanding shares, respectively.

This news release 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.