Entrée Gold has successfully
tested a number of deep conceptual targets on its 100%-owned Shivee West
property in Mongolia, adjacent to the company”s flagship joint venture property
that surrounds the massive Oyutolgoi project. The 2010 exploration program on
Shivee West was designed to evaluate and gain a better understanding of deep
induced polarization targets, with the focus on finding mineralization at
depths similar to those encountered throughout the Oyutolgoi mineralized
system.  Entrée completed ten deep holes and one shallow diamond drill
hole to systematically test four target areas.

Surface work and drilling continues on
the Javhlant and Shivee mining licenses that are in joint venture with Ivanhoe
Mines, the project operator.  Testing to the north of the Hugo North
Extension has been under way for the past few months, but technical
difficulties have delayed the program. Two core holes were completed
earlier in the year on Heruga Southwest. Future drilling may be proposed on
what is considered to be a highly prospective target that could extend the
Heruga mineralized system southwards towards Entrée”s southern Javhlant
property boundary.

Rio Tinto and Ivanhoe Mines are major
shareholders of Entrée, holding approximately 13% and 12% of issued and
outstanding shares, respectively.