Erdene Resource Development Corp.
(“Erdene” or the “Company”) (TSX:ERD) is pleased to provide
an update on the 2012 project activities in Mongolia.

Highlights

– Gold-bearing surface quartz veins
and breccias at Altan Nar have now been identified over a strike length of
greater than 5 kilometres

–

Photographer Davide Monteleone and I
may have had one of the only drivers in the Gobi—that forbidding expanse of
gravel and sand in southern Mongolia—who had no sense of direction. Granted,
the instructions we received were pretty vague: at the second (or was

In a study conducted in Mongolian schoolchildren,
an international research team found that daily vitamin D supplementation
decreased the risk of respiratory infections among children who had low blood
levels of vitamin D at the start of the study.

“In almost 250 children with

A Florida fossils dealer whose
dinosaur was seized by the U.S. government so it could be given to the
government of Mongolia wants it back.

Lawyers for Eric Prokopi, of
Gainesville, Fla., said in court papers filed Monday that he was victim of a
media

The discussion “How to improve legal
environment of historical and cultural findings” initiated by the Office of the
President held at the Citizen Hall of the Government House on Wednesday, August
22.

The discussion is dedicated to the
issues of protecting the paleontology findings,

Ulaanbaatar City Mayor E.Bat-Uul presented action plan of complex
measure to reduce traffic jam to the Ulaanbaatar City Assembly. The Ulaanbaatar
City Assembly held irregular meeting yesterday and approved Mayor’s plan.

The plan considering two months action starting August 25. Required
MNT 3.8 billion

Mongolia”s new coalition government was officially completed
yesterday. Last five cabinet members was approved on Monday by the parliament.

The five newest members included D. Terbishdagva, who will serve as Deputy
Prime Minister, and four ministers nominated by the Justice Coalition and

President Elbegdorj received world famous paleontologist, professor of the
Canadian University of Alberta, Phillip Currie and paleontologist Eva
Koppelhus.
President Elbegdorj appreciated for their effort to draw world attention to the
Tyrannosaurus Bataar when it was ready to be auctioned illegally in the

Research and Markets has announced the addition of the “Mongolia Mining Report Q3 2012” report to their offering.

Growth in Mongolia”s mining industry
will be led by a rampant increase in coal, copper and gold production. The bulk
of this growth will

Aspire Mining director Neil Lithgow has increased his stake in
the company to 63,478,501 shares after acquiring an additional 258,501 shares
on market.

Lithgow paid A$33,174.03 for the shares, providing an average entry price of
A$0.128 per share.

Aspire is focused on developing its Ovoot