Entrée Gold Inc. - Western Dakota Energy...

1TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA

Entrée Gold Inc. June 2010

TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA


Board of Directors & Senior Management


Greg Crowe President & CEO, Director

James Harris Chairman

Michael Howard Deputy Chairman

Lindsay Bottomer VP Business Development, Director

Peter Meredith Director

Mark Bailey Director

Hamish Malkin CFO

Robert Cann VP Exploration

Mona Forster VP Corporate Affairs


Financial Information

Treasury*June 30, 2010 after close of deal

Issued and Outstanding*June 30, 2010 after close of deal

CAD$32 million

113,400,000

Investment by partners | +CAD$100 million

Includes US$35,000,000 earn-in by Ivanhoe Mines

52 week High/Low | CAD$3.59 / $1.02


Strategic Partners

Rio Tinto 13.2%

Leading Mining Company

Investments in Entrée total over $38,000,000

Investment in Ivanhoe

Up to 46.65%

Total commitment >$2.5 billion

Ivanhoe

Mines Ltd.

Total commitment >$2.5 billionTotal commitment >$2.5 billion

12.2%

Oyu Tolgoi Project, Mongolia

Investments in Entrée total over $22,000,000

Spent US$35,000,000 as part of joint venture earn-in

Entrée-Ivanhoe Joint Venture

20/80% or 30/70%

Entrée carried to production

Joint Venture Partner Oyu Tolgoi LLC


Entrée Gold – PacMag Combined Group Assets


Mongolia

Investment Agreement

Finalized March 31, 2010

Partnership:

OT LLC

Government of Mongolia Ivanhoe Mines Rio Tinto

Key Benefits:

Entrée mining licences granted Long-term stability Development proceeding


Lookout Hill

IVN/BHP Joint Venture


Properties

2.8B

lbs Copper Eq

Inferred Resources*

(95,500,000 tonnes** - 1.15% Cu, 0.31 g/t Au2.4 billion lbs Cu / 0.95 million oz Au)

5.6B5.6B5.6B5.6B

lbs Copper Eq

Indicated Resources*

(117 million tonnes ** - 1.8% Cu, 0.61 g/t Au4.6 billion lbs Cu / 2.3 million oz Au)

Hugo North Extension

One of the world’s richest porphyry Cu-Au deposits

20%

Including

* Copper equivalent estimated using metal prices of $1.35/lb Cu and $650/oz Au -Figures are NI 43-101 compliant.

** 0.6% CuEq cutoff

Includdingg

27Mt27Mt27Mt27Mt27Mt27MtMineral Reserves

(1.85% Cu and 0.72 g/t Au1 billion lbs Cu / 0.53 million oz Au)


Properties

17.4Blbs Copper Eq Inferred*

(910 million tonnes ** - 0.48% Cu, 0.49 g/t Au, 0.014 % Mo)(9.6 billion lbs Cu / 14 million oz Au)

Heruga

One of the world’s largest porphyry Cu-Au-Mo deposits Updated Inferred Mineral Resource – March 2010

20%

* Copper equivalent estimated using $1.35/lb Cu, $650/oz Au, $10/lb Mo –Figures are NI 43-101 compliant.

** 0.6% CuEq cutoff


One of the world’s largest porphyry systems

S N


Lookout Hill


Mongolia

Integrated Development Plan

Announced May 11, 2010 / June 15, 2010

First Mineral Reserve – Hugo North Extension (HNE)

27 million tonnes @ 1.85% Cu and 0.72 g/t Au

Highlights:

2 main mining scenarios Reserve Case Life of Mine Sensitivity Case

2 alternative mining scenarios

HNE reserves highest NSR of all deposits

(US$55.57/tonne) part of Lift 1 Production commencing Year 4 Main production in Year 11

Upgrading resources planned


Mongolia

Integrated Development Plan

Reserve Case

(US$)

Life of MineSensitivity

Case (includes Inferred

Resource)

(US$)

Alternative Scenario

Small Heruga

(US$)

Alternative Scenario

Large Heruga

(US$)

NPV(8%) after tax (long term prices)*

*Based on US$2.00/lb Cu, US$850/oz Au, US$13.50/oz Ag,US$13.50/lb Mo

79million 176million 71million 111million

NPV(8%) after tax (current prices)*

*Based on US$3.00/lb Cu, US$1200/oz Au, US$13.50/oz Ag, US$13.50/lb Mo

129million 327million 148million 289million

NPV (Dynamic DCF) 187million

NPV (Real Option) 264million


Huaixi

Zhejiang Province

• Agreement with Zhejiang No. 11 Geological Brigade

• Entrée to spend US$3,000,000 over 4 years to earn 78%

• Widespread surface alteration zone never tested to depth

• Past producing Cu and pyrite mines

Properties

China


Canada

Crystal Property

British Columbia

•Option to acquire 100% by spending

CAD $500,000

•Cu-Mo porphyry prospect

• Strong geochemical anomaly

•Airborne geophysics and drilling in 2010

Properties


USA

Yerington Nevada

•Underdeveloped copper mining district

•Yerington Mine

•Mined early 1900s – 1980s

•Produced 1.8 billion lbs Cu

•Pumpkin Hollow

•Nevada Copper – 2.4 billion lbs Cu (Measured and Indicated)

•Pre-Feasibility study - December 2009

•Ann Mason (100% PacMag)

•7.1 billion lbs Cu inferred – NI 43-101

•Mineralization remains open

•Area prospects: Blue Hills, Minnesota, Shamrock

Properties


Ann Mason – Blue Hills

18


USA

Partners:

Empirical Discovery LLC

•Agreement to explore prospective region of New Mexico and Arizona for buried porphyry Cu-Mo targets

• Proprietary geophysical techniques successfully tested in Mongolia

• Three properties drilled to date, one new discovery at Lordsburg

•Lordsburg

• Intercepts to 0.44% CuEq* (over 60 m)• Further exploration planned

•Active targets: Bisbee and Oak Grove

Properties

* Copper equivalent estimated using $1.35/lb Cu and $650/oz Au


Copper Deposits – Western North America

Ann Mason, Nevada 810 mt @ 0.4% Cu

Safford, Arizona 450 mt @ 0.38% Cu

Morenci, Arizona 2.8 Bt @ 0.28% Cu

Copper Mountain, B.C. 360 mt @ 0.37% Cu

Valley Copper, B.C. 45 mt/a @ 0.32% Cu

Carlota, Arizona 77 mt @ 0.45% Cu

Mount Milligan, BC 707 mt@ 0.28% Cu Eq

Gibraltar, BC 472 mt @0.315% Cu

PacMag

Freeport

Freeport

Princeton

Teck

Quadra

Terrane

Taseko


-

2

4

6

8

10

12

Indicated Inferred

Copper ResourcesB

illio

ns (lb

s.)

1.1B CuEq* 4.1B CuEq*

7.1B Cu

*CuEq estimated using $1.35/lb/Cu, $650/oz Au, $10/lb Mo – Figures are 43-101 Compliant

Including 27 Mt Mineral Reserves at

Hugo North Extension1 B lb Cu / 0.53 M oz Au

Mongolia

Ann Mason Deposit

Nevada


Shares & Cash

Issued & Outstanding

Options

(avg. price = ~C$1.86)

Fully Diluted

Cash on hand (approx.)

Market Cap (approx.)

~113,400,000

~8,450,000

~121,850,000

CAD$32 million

CAD$220 million


13.23% 13.15%

12.17%

8.27%

4.31% 4.12%

2.29% 2.27%1.75%

0.84% 0.66% 0.66%

PacMag Shares

Rio Tinto Plc Ivanhoe Mines Limited

Caisse de depot et

placement du Quebec

Front Street Capital, Inc.

TD Asset Management

Inc.

Directors, management

Royce & Associates,

LLC

RBC Asset Management,

Inc.

CPP Investment

Board

Evergreen Investment

Management Company,

LLC

U.S. Global Investors, Inc.

Shareholder Base Issued & Outstanding

63.72%

By top 11 shareholders


12.31% 12.24%

11.33%

9.04%

7.70%

4.01% 3.83%

2.11%1.63%

0.78% 0.62% 0.62%

PacMag Shares

Rio Tinto Plc Ivanhoe Mines Limited

Directors, management

Caisse de depot et

placement du Quebec

Front Street Capital, Inc.

TD Asset Management

Inc.

Royce & Associates,

LLC

RBC Asset Management,

Inc.

CPP Investment

Board

Evergreen Investment

Management Company,

LLC

U.S. Global Investors, Inc.

Shareholder Base Fully Diluted

66.23%

By top 11 shareholders


$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$0

$50

$100

$150

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$250

$300

$350

0

500

1,0001,500

2,000

2,500

Stock Price and Market Cap

2004 2005 2006 2007 2008 2009 2010

Volu

me

(Tho

usan

ds)

IA/Updated Heruga Resource

Windfall Tax Abolished

Effective Jan 2011

Investment Agreement Signed Oct 6, 2009

PacMag Deal Market capitalization ($ M

illions)

Rio invests in IVN

Windfall Tax/Falling Metal Prices

BMO Financing

Mongolian Election June 2008

Heruga Deposit Discovery

Rio-IVN Warrants

IVN Deal

Hugo North Extension

Rio-IVN PP

Shar

e Pr

ice

Share priceMarket capitalization

IDP

PacMagAcquisition


Going Forward with Continued Growth

Share priceMarket capitalization

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$0

$50

$100

$150

$200

$250

$300

$350Advance to Production

Continued Exploration including

development of PacMag

assets

Advance to Production

Continued Explorationincluding

development of PacMag

assets

Acquisitions

0

500

1,0001,500

2,000

2,500

Volu

me

(Tho

usan

ds)

2010

Market capitalization ($ M

illions)Sh

are

Pric

e

2004 2005 2006 2007 2008 2009


Future Activities

Resource expansion

Heruga Southwest HNE

Shivee West

Searching for OT#2 Drill program

Ann Mason Deposit

Expand resource Trace higher grade

intercepts Deep probing

geophysics

Blue Hills

Shallow copper oxide

Drill programs

Bisbee Yerington

Mongolia USA Other

Enhance remaining

PacMag assets

Australia North Dakota

China - Huaixi

Drill Program

Canada - Crystal

Mapping Geochemistry


Managing risk in a volatile market

Global demand

for

commodities

Inflationary

pressure

Diminishing

supply

Market

volatility

Strong board

Experienced

technical team

Strong boardStrong board

People

Substantial treasury

43-101 Resources

Future production

pipeline

Rio Tinto

Ivanhoe Mines

43 101 Resources

Assets

Partners

CAD$32 million

Exploration

Acquisitions

Production

GROWTH

29TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKAwww.entreegold.com

Entrée Gold Inc. - Western Dakota Energy...

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