VANCOUVER, Feb. 5, 2018 /PRNewswire/ - Entrée Resources
Ltd. (TSX:ETG; NYSE American:EGI – the "Company" or
"Entrée") announces the appointment of Mr. Mark Bailey to the role of Non-Executive
Chairman of the Board effective February 5,
2018. Mr. Bailey succeeds The Rt. Honourable Lord Howard of
Lympne, who is retiring from his position as a director and Board
Chair. Lord Howard will remain involved with the Company as an
advisor.
Mr. Bailey is a mining executive and registered professional
geologist with over 40 years of industry experience. Between 1995
and 2012, he was the President and Chief Executive Officer of
Minefinders Corporation Ltd., a precious metals mining company that
operated the multi-million ounce Dolores gold and silver mine in
Mexico prior to being acquired by
Pan American Silver Corp. Before joining Minefinders, Mr. Bailey
held a number of senior positions in the mining industry. He is an
experienced public company director having served on several public
company boards. Mr. Bailey joined the Entrée Board in
2002.
Stephen Scott, Entrée's President
& CEO commented, "We would like to thank Lord Howard for his
commitment and contribution towards the success of Entrée in his
role as Non-Executive Deputy Chairman from 2007-2013 and
Non-Executive Chairman of the Board since 2013. Going
forward, the Company expects to continue to benefit from Lord
Howard's experience and relationships, particularly in Mongolia, which represent an invaluable
resource for Entrée."
Entrée is also pleased to announce that Dr. Michael Price has joined the Entrée Board as an
independent director. Dr. Price has over 35 years of
experience in mining and mining finance. He is currently a
Non-Executive Director of Eldorado Gold Corp. and Asanko Gold Inc.,
and is the London Representative
of Resource Capital Funds. During his career, Dr. Price has
served as Managing Director, Joint Global Head of Mining and
Metals, Barclays Capital, Managing Director, Global Head of Mining
and Metals, Societe Generale and Head of Resource Banking and
Metals Trading, NM Rothschild and Sons. Dr. Price has B.Sc. and
Ph.D. qualifications in Mining Engineering from University College Cardiff.
ABOUT ENTRÉE RESOURCES LTD.
Entrée Resources Ltd. is a well-funded Canadian mining company
with a unique carried joint venture interest on a significant
portion of one of the world's largest copper-gold projects – the
Oyu Tolgoi project in Mongolia. The Entrée/Oyu Tolgoi joint
venture property includes the Hugo North Extension and Heruga
copper-gold deposits, as well as a large underexplored, highly
prospective land package. Rio Tinto is managing the construction of
Lift 1 of the Hugo North underground block cave on both the Oyu
Tolgoi mining license and the Entrée/Oyu Tolgoi joint venture
property. Lift 1 underground development is fully financed. Entrée
has a 20% carried participating interest in the Entrée/Oyu Tolgoi
joint venture, with a 30% interest in all mineralization identified
above 560 metres elevation from the Entrée/Oyu Tolgoi joint venture
property. Sandstorm Gold Ltd., Rio Tinto and Turquoise Hill
Resources Ltd. are major shareholders of Entrée, holding
approximately 14%, 10% and 8% of the shares of the Company,
respectively. More information about Entrée can be found at
www.EntreeResourcesLtd.com.
SOURCE Entrée Resources