President, Chief Executive Officer and Director

Peter C. Akerley has held the position of President and Chief Executive Officer since March 2003. Mr. Akerley has been a director of the company since February 2003. Mr. Akerley previously provided exploration and managerial services for projects in Canada, the U.S., Mexico, Guyana, the Philippines and Mongolia to junior and senior exploration and mining companies. Behind 1996 and 1998, He was co-manager of a major exploration program in Mongolia with J. C. (Chris) Cowan. Mr. Akerley has also been President of BRM Exploration Ltd., a mineral exploration consulting company that provided geologic exploration and managerial services to the industry internationally, since 1996. He holds a BSc (Geology) from Saint Mary's University in Halifax.

Director

William B. Burton has been a director since February 2003. Mr. Burton is President and Chief Executive Officer of MagIndustries Corp., a position he has held since 1998. Mr. Burton was previously Vice-President of Exploration for International Pursuit Corporation, evaluating gold properties in Asia, including Mongolia, and was President of Mongolian Goldfields Corporation from 1996 to 1997. Mr. Burton has more than 30 years of experience in exploration and operating junior resource companies.

Director

John Byrne has been a director since August 2004. Mr. Byrne is President of Petroleum Corporation of Canada Exploration Limited and brings more than 30 years of investment banking and corporate finance experience to Erdene. Previously he established Enerplus Energy Services Ltd. and served as its Vice Chairman. Mr. Byrne has also served in senior executive roles with Levesque Beaubien Geoffrion Inc. (now National Bank Financial), A.E. Ames & Company/Dominion Securities Ames and The First Boston Corporation. Mr. Byrne holds a B.A. from McGill University and an LL.B from the University of Toronto Law School. He is also a Chartered Financial Analyst.

Director

David Carnell has been a director since November 2003. Mr. Carnell is the President of Bedford Capital Group Inc. (an investment holding company). From 1987 to 1989, Mr. Carnell was a director of AquaGold Resources Inc. (now Atlantic Industrial Minerals Inc.). He retired 2000 from a bank-owned investment dealer after a 32-year career in sales and management.

Vice President Asia and Director

J. C. (Chris) Cowan was appointed Vice President Asia in June 2006. Mr. Cowan is a Co- Managing Director of Erdene Mongol XXK, a wholly owned Mongolian subsidiary. He has been a director of the company since February 2003. Mr. Cowan has acted as a minerals consultant, providing services to exploration and mining companies world-wide since 1990. He previously spent 28 years with Falconbridge Limited in a variety of senior management and board positions including President and Director of New Pascalis Mines Ltd. from 1984 to 1990; Vice-President and Director of New Quebec Raglan Mines Ltd., between 1981 and 1990; Chairman of the Board of Indusmin Ltd., from 1984 to 1990; President, Chief Executive Officer and a director of United Keno Hill Mines Ltd., between 1981 and 1990; and President of Wesfrob Mining Division, from 1981 to 1983. Mr. Cowan has also been responsible for the technical direction of Falconbridge's worldwide surface and mining exploration as well as exploration manager in Southeast Asia and Chief Geologist for Sudbury Operations. Mr. Cowan, holds a Masters of Science degree (Geology), and is a member of the Professional Engineer Society of Ontario. He has over 40 years of experience in mining and mineral exploration.

Director

Jamie M. Frankcombe has been a director since March 2008.  Mr. Frankcombe is the General Manager of the Americas for Xstrata Coal and has 28 years of experience in the mining industry. At Xstrata Coal, he is responsible for the Donkin Coal Project in Nova Scotia, Canada and for general business development opportunities in the Americas.  Mr. Frankcombe has held various operational and management positions in open cut and underground coal mining operations.  Mr. Frankcombe has been the General Manager of the Americas for Xstrata Coal since August 2007, and prior to this he was the Vice President of Production for Carbones del Cerrejón Limited (“Cerrejón”), a coal mining operation in Columbia.  Mr. Frankcombe is the Xstrata shareholder representative for Cerrejón and a board member of the FutureGen Industrial Alliance, Inc. project.  Mr. Frankcombe is a qualified Mining Engineer and holds an MBA from Deakin University of Melbourne, Australia.

Vice President Business Strategy, Chief Financial Officer and Director

Ken W. MacDonald was appointed Vice President Business Strategy in September 2007. He previously held the positions of Vice President North America and Vice President Finance beginning March 2003. Mr. MacDonald is also the Chief Financial Officer of Erdene, a position he has held since March 2003. He has been a director of the company since February 2003. From September 1992, Mr. MacDonald has also been the President and owner of Fisher Transport Limited, a specialized transport company. In addition, he was the Vice President of Finance for Kaoclay Resources Inc. from 1996 to June 2006. Prior to 1985, Mr. MacDonald, a chartered accountant, was a senior manager with one of Canada's major accounting firms. From 1985 to September 1992, he was vice president finance with public and private corporations in the resource sector. Mr. MacDonald graduated from St. Mary's University in 1977 with a BCom and received his chartered accountant designation in 1980.

Director

Stuart Rath has been a director since June 2006. Mr. Rath was a director of Kaoclay Resources Inc. from December 1997 to June 2006. He is also President and a director of Stuco Holdings Ltd., a private investment company. From 1985 to 1995, he was President and Chief Operating Officer of Halifax Cablevision Ltd., a cable television business with systems in Halifax, Yarmouth, Liverpool and Shelburne. From 1976 to 1985 he was the President and General Manager of Eastern Cablevision Ltd. and from 1960 to 1976 he was employed by the Bank of Montreal as Manager, Commercial Credit from 1975 to 1976. He is the Vice President of Truro Centre Ltd. and Chairman of the Truro Industrial Society.

Director

Philip Webster has been a director of the company since June 2006. Mr. Webster was a director of Kaoclay Resources from December 1997 to June 2006. Mr. Webster's principal occupation for the past five years has been as a private investor and as President of Imperial Windsor Group Inc. and Emster Holdings Inc. and, since 1998, as President of Imperial Windsor Group Inc. From 1984 to 1990 he was an adjunct professor at McGill University, School of Architecture. He was a designer with Anderson Architects from 1986 to 1989 and was Executive Assistant to the President of Imperial Trust Company from 1979 to 1981. Mr. Webster is presently a director of Western Financial Group Inc. Detroit Marine Terminals Inc., Imperial Windsor Group Inc., Emster Holdings Inc., PBI Kinmont Inc., R. Howard Webster Foundation and the Zellers Family Foundation.