Entree Gold Inc.

Entree Gold Inc.

March 02, 2005 09:00 ET

Entree Receives Sec Clearance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENTREE GOLD INC.

TSX VENTURE SYMBOL: ETG

MARCH 2, 2005 - 09:00 ET

Entree Receives Sec Clearance

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2005) - Entree Gold
Inc. (TSX VENTURE:ETG)("Entree" or the "Company") is pleased to announce
that the U.S. Securities and Exchange Commission (the "SEC") has
completed its review of the registration statement on Form 10-SB that
Entree initially filed on October 12, 2004, and which became effective
by operation of law December 11, 2004. In response to the SEC's
comments, Entree filed amendments to the registration statement on
December 9, 2004 and January 27, 2005. The SEC informed the Company that
it has no further comments on the amended registration statement. Entree
now intends to pursue a listing of its securities on an exchange or
trading market in the United States.

"I am delighted that Entree has reached this milestone," said Greg
Crowe, Entree's President and CEO. "Listing our securities on a
recognized trading market in the United States is a key component of our
growth strategy that we hope will ultimately provide benefits to our
company and our shareholders. These benefits include expanded
relationships with the American investment community and the support of
a larger, more liquid trading market."

ABOUT ENTREE GOLD INC.

Entree Gold Inc. (www.entreegold.com) is an exploration stage junior
resource company engaged in the exploration of gold and copper
prospects. The Company is a large landholder in Mongolia's south Gobi
Desert, near the Chinese border. Entree maintains 100% royalty-free
interest in the 179,590 hectare Lookout Hill (Shivee Tolgoi) property
which completely surrounds Ivanhoe Mines Ltd.'s (Ivanhoe's) 8,500
hectare Turquoise Hill (Oyu Tolgoi) holdings. Ivanhoe has an earn-in
agreement with Entree whereby Ivanhoe can earn an interest in an area
covering approximately 22% (approximately 40,000 hectares) of Entree's
Lookout Hill property. Ivanhoe commenced drilling on the potential
northerly extension of the Hugo Dummett Deposit onto Lookout Hill in
February 2005. The Company trades on the TSX Venture Exchange under the
symbol "ETG".

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.
Forward-looking statements in this news release include those concerning
the Company's belief that it will meet listing requirements on an
appropriate exchange or trading market in the United States, expand its
relationships with the American investment community and give the
company access to a larger more liquid trading market.

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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Primoris Group
    Investor Relations
    (866) 368-7330
    ETG@primorisgroup.com
    www.entreegold.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.