Entrée Gold Announces Fiscal Year 2014 Results and Reviews Corporate Highlights

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2015) - Entrée Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) ("Entrée" or the "Company") has today filed its annual operational and financial results for the year ended December 31, 2014.

"In 2014, Entrée initiated an infill drilling, pre-feasibility level program at our Ann Mason project in Nevada, to upgrade the current NI 43-101 Inferred and Indicated resource to Measured and Indicated categories. Measured and Indicated resources will form the basis for estimating reserves as the project advances farther along the development timeline and provide a greater degree of confidence to the within-pit mineralization," said Greg Crowe, President and CEO of Entrée. "To further de-risk the project, additional metallurgical studies have been initiated, to confirm previous work, which indicated that the Ann Mason deposit has recoveries greater than 90% and produces a high quality, 30% copper concentrate, with no penalty elements."

"Concurrently, we have continued to engage in discussions with the Government of Mongolia, Turquoise Hill, Rio Tinto and Oyu Tolgoi LLC with regards to our assets in Mongolia. While no final agreements have been reached, we remain optimistic that a resolution of all outstanding issues surrounding Oyu Tolgoi is possible."

"We continue to manage our operational and growth opportunities while still maintaining a prudent cash management strategy. We marked the end of 2014 with over US$33,000,000 in our treasury allowing us flexibility in our business model to adapt to changing market conditions and act on potential opportunities."

All dollar figures in this news release are in United States currency unless otherwise noted.

Highlights for the year ended December 31, 2014 and subsequent developments through March 30, 2015 include:

USA

Ann Mason, Nevada

The Ann Mason project is a large, porphyry copper deposit with very consistent grades, located in one of the best mining jurisdictions in the world. The 2012 Preliminary Economic Assessment ("2012 PEA") on the Ann Mason deposit envisions a 24 year conventional open pit mine and sulphide flotation mill operating at a throughput rate of 100,000 tonnes per day and is based on mineralization contained within the Phase 5 pit. Over the life of mine, the 2012 PEA estimates average copper recovery of approximately 93%, producing a clean, 30% copper concentrate with average annual production of 214 million pounds of copper. There is potential to increase the mine life of Ann Mason through additional drilling and engineering studies.