News

Entrée Gold Releases Sparrow South Results

October 3, 2007

Vancouver, B.C., October 3, 2007 - Entrée Gold Inc. (TSX:ETG; AMEX:EGI; Frankfurt:EKA – “Entrée” or the “Company”) has received preliminary results for the ongoing drilling at Sparrow South, located on the Javhlant license of Entrée’s Lookout Hill property to the south of Ivanhoe’s Oyu Tolgoi concession.  The Javhlant license is part of the joint Entrée-Ivanhoe Mines agreement area.

Three drills are currently testing the Sparrow South induced polarization (IP) anomaly located 3 km southwest of Ivanhoe’s Southwest Oyu Deposit and 0.5 to 2.0 km south of the Entrée-Ivanhoe boundary. A fourth drill has recently been added to test a parallel IP trend, the Castle Rock anomaly, located approximately 2.5 km southeast of Sparrow South.  Drilling to date on Sparrow South has encountered widespread Cu-Au-Mo mineralization in stratigraphy similar to that of the Southwest Oyu Deposit, but at greater depths than the open-pittable mineralization at Southwest Oyu.  A summary of significant drill results received to date is shown in Table 1.  These include results up to and including hole EJD0012.

Table 1:  Summary of Sparrow South Drilling

 

 

 

 

 

Down-hole depth
from – to metres

Interval
metres

Copper
%

Gold
g/t

Molybdenum
ppm

 

 

 

 

 

Hole EJD0001

 

 

 

 

912 – 1126

214

0.25

0.12

64

 

 

 

 

 

Hole EJD0004

 

 

 

 

724 – 914

190

0.34

0.16

121

 

 

 

 

 

Hole EJD0007

 

 

 

 

898 – 1042

144

0.77

0.13

367

 

 

 

 

 

Hole EJD0009*

 

 

 

 

662 – 1163.2

501.2

0.50

0.29

182

*: Hole ended at 1163.2 m in mineralization.

 

 

Hole EJD0012

 

 

 

 

620 – 788

168

0.84

0.28

419

 

 

 

 

 

The current drilling is widely spaced and numerous faults occur within the host sequence, hence geological interpretation and correlation between holes and section lines is uncertain. Further results will be reported when complete assay information is received from Ivanhoe Mines, the project operator.

Ivanhoe has completed an additional four holes and results will be reported upon receipt of assays and interpretation of the drilling results.  A further three holes are currently being drilled.

Mongolian Government and Parliament Initiatives

Ivanhoe Mines (TSX: IVN; NYSE: IVN; NASDAQ: IVN) and its strategic partner, Rio Tinto, reached a draft investment agreement with a Mongolian Government Working Group in April this year for the development of the Oyu Tolgoi Project. The draft agreement was subsequently approved by the government and now is before the Mongolian national parliament for consideration and approval. The draft agreement currently is being reviewed by a Working Group of parliamentarians, some of whom are on familiarization visits to Rio Tinto mines in the U.S. and Australia. Entree is continuing to monitor the progress of the ongoing review. 

QUALITY ASSURANCE AND CONTROL

Robert Cann, P.Geo., Entrée’s Vice-President, Exploration and a Qualified Person as defined by National Instrument 43-101, is responsible for the preparation of technical information in this news release.

Ivanhoe’s QA/QC program is monitored by independent consultant Dr. Barry Smee, P.Geo., and managed on site by Dale Sketchley, M.Sc., P.Geo. SGS Mongolia LLC prepares the split core at the project site and assays all samples at its facility in Ulaanbaatar, Mongolia. Prepared standards and blanks are inserted at the sample preparation lab on the project site to monitor the quality control of the assay data.

ABOUT ENTRÉE GOLD INC.

Entrée Gold Inc. (www.entreegold.com) is a Canadian mineral exploration company focused on the exploration and development of gold and copper prospects, worldwide.

Most notably, the Company is a large landholder in Mongolia, where it holds a 100% interest in mineral concessions that comprise the 179,590-hectare Lookout Hill (Shivee Tolgoi) property, which completely surrounds the 8,500-hectare Turquoise Hill (Oyu Tolgoi) project of Ivanhoe Mines Ltd. (“Ivanhoe”), and hosts the Hugo North Extension of the Hugo Dummett Deposit.

FURTHER INFORMATION

Monica Hamm, Investor Relations                               Primoris Group           
Entrée Gold Inc.                                                          Tel:  866-368-7330
Tel: 604-687-4777                                                       Email:  info@entreegold.com
E-mail: mhamm@entreegold.com

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled “Risk Factors” in the Company’s periodic filings with the British Columbia Securities Commission, which can be viewed at www.SEDAR.com, and with the United States Securities and Exchange Commission, which can be viewed at www.SEC.gov.