ERD.TO · 2022-04-28 12:00:00

Erdene Announces the Passing of Chris Cowan

Management Changes

TSX: ERD | MSE: ERDN

ERDENE ANNOUNCES THE PASSING OF CHRIS COWAN

Press Release

Halifax, Nova Scotia

2022.05.02

It is with great sadness t hat the Executive and Board of Erdene Resource Development

Corporation (TSX-ERD) report the passing of our friend, founding partner , and past -

Chairman, John Christopher (Chris) Cowan. Chris passed away peacefully on April 28,

2022, surrounded by family.

“Our company would not exist today if not for Chris’ contribution to the development of

the concept, the team , his dedication and hard work ,” said Peter Akerley, Erdene’s

President and CEO. “Chris was a leader, mentor and well -respected member of the

international mining community.”

“From travelling across the Atlantic by ship to his first job in the South African diamond

fields, through his long career at Falconbridge, including leadership roles at Sudbury,

United Keno Hill, New Quebec Raglan, Indusmin, and as Director of Exploration

Worldwide, with positions in the Philippines and Australia, to more recent international

consulting roles, Chris garnered tremendous experience, but more importantly, immense

respect as a man who loved life and people,” continued Mr. Akerley.

Chris’ passing will create a void for the Erdene family. However, his enduring contribution

and the wonderful memories shared will be with us always. On behalf of the entire Erdene

team, we offer our sincere condolences to Chris’ five sons and large extended family.

About Erdene

Erdene Resource Development Corp. is a Canada-based resource company focused on

the acquisition, exploration, and development of precious and base metals in

underexplored and highly prospective Mongolia. The Company has interests in three

mining licenses a nd an exploration licenses in Southwest Mongolia, where exploration

success has led to the discovery and definition of the Khundii Gold District. Erdene

Resource Development Corp. is listed on the Toronto and the Mongolian stock exchanges.

Further informat ion is available at www.erdene.com . Important information may be

disseminated exclusively via the website; investors should consult the site to access this

information.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPR OVED THE

CONTENTS OF THIS RELEASE

Erdene Contact Information

Peter C. Akerley, President and CEO, or

TSX: ERD | MSE: ERDN

Robert Jenkins, CFO

Phone: (902) 423-6419

Twitter: https://twitter.com/ErdeneRes

Facebook: https://www.facebook.com/ErdeneResource

LinkedIn: https://www.linkedin.com/company/erdene-resource-development-corp-/