Erdene’s goal is to identify unique opportunities that create value for our shareholders through the discovery and development of world-class resource projects that focus on high growth commodities in strategically located geographic regions.

The following forms the basis of Erdene's strategy for project evaluation and acquisition. Opportunities are evaluated on the basis of the risks and rewards present by geographic region, commodity and stage of development:

• Base metal, energy and industrial mineral project acquisition and discovery efforts are focused in regions that provide investors with maximum exposure to high growth markets, such as China and the United States, and in areas capable of hosting "World Class" ore bodies. This currently includes the Americas and Mongolia.
• Precious metals exploration is focused in regions that provide the greatest potential for the discovery of multi-million ounce, bulk tonnage, open-pit mineable resources. This currently includes areas around the world where senior management have experience operating that have highly prospective geology but are relatively under-explored.
• Erdene has selected commodities that management believes, over the long term, provide strong growth potential based on supply and demand forecasts. This currently includes molybdenum, copper, gold, coal, construction materials and specialty clay product.
• We believe in establishing strong partnerships at the appropriate point in a project's development to strategically manage risk and provide access to the necessary capital required to advance a project to the production stage.
• Erdene is focusing its exploration program on core commodities, including base and precious metals, which the Corporation has the expertise to advance from the exploration stage through development and thereby maximizing shareholder value. In addition, we have pursued strategic partnerships at the exploration stage for other commodities, including coal, where outside expertise is most beneficial to the exploration, development and marketing of these commodities.
• Erdene carefully evaluates merger, acquisition, and restructuring opportunities. We maintain a continual and careful evaluation of opportunities globally to further our goal of identifying world-class resource opportunities. The company will only pursue initiatives that will enhance shareholder value.

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