Ivanhoe Exercises Share Purchase Warrants
June 29, 2007
Vancouver, B.C., Friday, June 29, 2007 - Entrée Gold Inc. (TSX:ETG; AMEX:EGI; Frankfurt:EKA – “Entrée” or the “Company”) reports that Ivanhoe Mines Ltd. has exercised warrants to purchase a total of 1,235,488 common shares of Entrée for proceeds to the Company of $3,552,028.
The warrants, which were issued to Ivanhoe in a private placement in July 2005, were exercised at prices of $2.75 and $3.00 per share. Following the warrants exercise, Ivanhoe owns approximately 14.9% of the outstanding common shares of the Company.
Entrée Gold Inc. (www.entreegold.com) is a Canadian mineral exploration company focused on the exploration and development of gold and copper prospects, worldwide. Entrée’s common shares trade on the TSX under the symbol “ETG”, on the AMEX under the symbol “EGI” and on the Frankfurt Stock Exchange under the symbol “EKA”.
Monica Hamm, Investor Relations
Entrée Gold Inc.