Erdene Releases 2024 Shareholder Letter

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Halifax, Nova Scotia, June 19, 2024 (GLOBE NEWSWIRE) — Arden Resource Development Company (TSX:ERD | MSE:ERDN) (“Arden“or the”a company) is pleased to publish its 2024 letter to shareholders written by President and CEO Peter Ackerley.

To read the message, please visit: Message to shareholders

“The past year has been transformative for our company,” said Peter Ackerley, President and CEO of Erdene. “As described in my letter to my fellow shareholders, we closed the strategic alliance with the Mongolian Mining Company, began construction of the Bayan Khundi Gold Project, and continue to see exploration success In the Khundi Mineral Region in southwestern Mongolia.

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Mr. Ackerley continued, “These achievements are the result of over twenty years of efforts in Mongolia, where Erdene has been the most active explorer and developer in the unexplored western part of the Gobi Desert in Mongolia. It is extremely gratifying to see the vision of Erdene’s founders come to fruition.” With first gold production from Bayan Khundi expected in 2025.

About Arden

Erdene Resource Development Corp. is a Canadian-based resource company focused on the acquisition, exploration and development of unexplored and highly potential precious and base metals in Mongolia. The company has interests in three mining licenses and an exploration license in southwestern Mongolia, where successful exploration has led to the discovery and definition of the Khundi Mineral Area. Erdene Resource Development Corp. It is listed on the Toronto and Mongolia stock exchanges. More information is available at www.erdene.com. Important information may be published exclusively through the Website; Investors should consult the website to access this information.

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Forward-looking statements

Certain information relating to Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, forecasts, opinions, forecasts, projections, guidance or other statements that are not facts. Although Erden believes that the expectations reflected in such forward-looking statements are reasonable, he can give no assurance that such expectations will prove to be correct. Erden cautions that actual performance will be affected by a number of factors, most of which are beyond his control, and that future events and results may differ significantly from what Erden currently expects. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain required third party approvals, market prices, exploitation and exploration results, the continued availability of capital and financing and general economic, market or business conditions. Forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. The Company undertakes no obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.

No regulatory body has approved or disapproved the contents of this release

Erden contact information

peter c. Ackerley, President and CEO, O
Robert Jenkins, CFO

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