MOX Morien Resources Corp

Erdene Resource Development Corp. ("Erdene") (TSX:ERD) and Morien Resources
Corp. ("Morien") (TSX VENTURE:MOX) are pleased to announce the Plan of
Arrangement ("Arrangement") involving Erdene, Advanced Primary Minerals Corp.
("APM") and Erdene Resources Inc., a wholly-owned subsidiary of Erdene, has now
closed, and the shares of both companies commence trading today, the effective
date, November 9, 2012. 


Background 

At the special meetings of the shareholders of Erdene and APM, held on October
26, 2012, the shareholders of both companies voted in favour of the Arrangement.
Under the terms of the Arrangement, Erdene's North American projects, consisting
primarily of its 25% interest in the Donkin Coal Project, are now owned by
Morien. The Mongolian metals exploration projects will stay within Erdene. The
shares of Morien ("Morien Shares") are listed on the TSX Venture Exchange under
the symbol "MOX". Erdene will continue under the same name and trading symbol. 


As a result of the Arrangement:

a. The share capital of Erdene has been reorganized and each pre-existing Erdene
share has been exchanged for one-half of one "Erdene New Share" and one-half of
one Morien Share.  


b. Former shareholders of APM, other than Erdene, have received one Morien Share
for every 7.85 shares of APM.  


Detailed disclosure of the Arrangement can be found in the management
information circulars prepared by each of Erdene and APM, dated September 25 and
26, 2012, respectively, both of which are available on SEDAR.


Shareholders of Erdene and former shareholders of APM are asked to surrender
their share certificate(s) to Computershare Investor Services Inc. to be
exchanged for direct registration advices representing Erdene New Shares and
Morien Shares, in the case of Erdene shareholders, and Morien Shares, in the
case of former shareholders of APM. Letters of Transmittal were mailed to
shareholders of Erdene and former shareholders of APM. Copies are also available
on SEDAR. 


Forward-Looking Statements

Certain information regarding Erdene and Morien contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not statements of
fact. Although Erdene and Morien believe that the expectations reflected in such
forward-looking statements are reasonable, they can give no assurance that such
expectations will prove to have been correct. Erdene and Morien caution that
actual performance will be affected by a number of factors, most of which are
beyond their control, and that future events and results may vary substantially
from what they currently foresee. The forward-looking statements are expressly
qualified in their entirety by this cautionary statement. The information
contained herein is stated as of the current date and subject to change after
that date. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Erdene Resource Development Corp.
Peter C. Akerley, President and CEO


Ken W. MacDonald
Vice President Business Strategy and CFO
(902) 423-6419
info@erdene.com
www.erdene.com


Morien Resources Corp.
John P.A. Budreski, President and CEO
(902) 466-7255
info@morienres.com
www.morienres.com

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