Entree Gold Announces Second Quarter 2014 Results - Seite 2

Corporate Highlights

For the three months ended June 30, 2014, the Company incurred a net loss of US$2,925,791 (US$0.02 per share) compared to a net loss of US$2,275,617 (US$0.02 per share) for the three months ended June 30, 2013. For the six months ended June 30, 2014, the Company incurred a net loss of US$4,205,776 (US$0.03 per share) compared to a net loss of US$7,367,461 (US$0.05 per share) for the six months ended June 30, 2013.

As at June 30, 2014, the Company had working capital of US$41,706,121, including cash of US$42,011,899.

During the three months ended June 30, 2014, Entrée incurred higher operating expenditures due to a combination of higher foreign exchange losses and deferred income tax expense, partially offset by lower exploration costs primarily due to reduced activity at Ann Mason.

At the Company's Annual General Meeting held on June 26, 2014, shareholders re-elected all seven nominees set out in the Company's Notice of Meeting and Information Circular. Shareholders also approved the renewal of the Company's Stock Option Plan (the "Plan") and all unallocated options issuable pursuant to the Plan, and authorized the Company to grant options under the Plan until June 26, 2017.

SELECTED FINANCIAL INFORMATION

		As at June 30, 2014 (US$)		As at June 30, 2013 (US$)
Working capital (1)		41,706,121		51,637,492
Total assets		92,088,906		103,052,102
Total long term liabilities (2)		50,495,938		52,725,045
(1) Working Capital is defined as Current Assets less Current Liabilities
(2) Long term liabilities includes US$37,497,190 of deferred revenue related to a deposit on a metal credit delivering obligation

Details of the Company's Interim Financial Statements and accompanying Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2014 and its Annual Information Form for the year ended December 31, 2013 are available on the Company website, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.