Erdene Appoints Byambasaikhan Bayanjargal to its Board of Directors
ERDENE RESOURCE DEVELOPMENT CORP.
Erdene Appoints Byambasaikhan Bayanjargal to its Board of Directors
Halifax, Nova Scotia – March 21, 2018 - Erdene Resource Development Corp. (TSX:ERD)
("Erdene" or "Company") is pleased to announce the appointment of B yambasaikhan
Bayanjargal to the Company’s Board of Directors. Mr. Bayanjargal will serve as a non-
executive, independent member of the Erdene board, effective immediately.
“As our Company enters its next stage of growth, we are very pleased to welcome
Byambasaikhan to our Board, who brings with him extensive experience in the banking, energy,
mining, and infrastructure sectors of Mongolia and Central Asia,” said Peter Akerley, Erdene’s
President and CEO. “Byambasaikhan’s impressive background in the region will bring great
value to our Board while we continue to carry out our strategy of becoming Mongolia’s premier
gold explorer and developer.”
Byambasaikhan Bayanjargal has 20 years of professional experience in managing and closing
several landmark energy, infrastructure and mining transactions in emerging Asian markets.
Byambasaikhan was CEO of Newcom Group, a premier Mongolian technology investor, and
chaired the boards of its several joint-ventures, including MobiCom Corporation, Mongolia’s
largest telecom operator, and Clean Energy LLC. He managed and built Mongolia’s first
Independent Power Producer (IPP), a US$120 million, 50 megawatt wind farm in 2012.
Byambasaikhan also served as the CEO of Erdenes Mongol, Mongolia's sovereign wealth
management company, where he chaired multiple mining company boards. Prior this this, he
was a banker at the Asian Development Bank, developing and financing power generation,
transmission and distribution projects in Central Asia, including a US$1.2 billion, 900 megawatt
power plant in Uzbekistan.
Mr. Bayanjargal is currently serving as the Managing Partner of NovaTerra LLC, an investment
management firm that he co-founded in 2013. NovaTerra has completed several transactions in
the region, including an investment by the National Bank of Canada in a Mongolian commercial
bank, marking the first strategic investment by a foreign commercial bank in Mongolia.
Byambasaikhan also chairs the Business Council o f Mongolia, an association of 25 0
international and Mongolian investors. He is a trustee of the National University of Mongolia,
Zorig Foundation USA, and the Arts Council of Mongolia, and serves as honorary consul of
South Africa in Mongolia. Byambasaikhan is a graduate of the National University of Mongolia,
and the George Washington University. In 2014, he was recognized as a Young Global Leader
by the World Economic Forum.
ABOUT ERDENE
Erdene Resource Development Corp. is a Canada -based resource company focused on the
acquisition, exploration, and development of base and precious metals in underexplored and
highly prospective Mongolia. The Company has interests in five exploration licenses and a
mining license in southwest Mongolia, where exploration success has led to the discovery and
definition of several prospects and deposits including: Bayan Khundii – the Company’s flagship
and newly discovered, high-grade, near-surface gold project; Altan Nar – an extensive, high-
grade, near-surface, gold-polymetallic project located 16 kilometres northwest of Bayan
Khundii; Altan Arrow – an early-stage, high-grade gold-silver project 3.5 kilometres north of
Bayan Khundii; Ulaan – a recently acquired copper-gold porphyry prospect adjacent to Bayan
Khundii; Khuvyn Khar – an early-stage, copper-silver porphyry project; Nomin Tal – a narrow,
high-grade copper-gold discovery; and Zuun Mod – a large molybdenum-copper porphyry
deposit. In addition to the above projects, Erdene has an Alliance with Teck Resources Limited
on regional copper-gold exploration in the prospective Trans Alta i region of southwest
Mongolia. The Bayan Khundii license has a 2% net smelter returns royalty (“NSR Royalty”) in
favour of Sandstorm Gold Ltd. with a buy-back option to reduce the NSR Royalty to 1%. For
further information on the Company, please visit www.erdene.com. Erdene has 146,400,586
issued and outstanding common shares and a fully diluted position of 156,792,160 common
shares.
FORWARD-LOOKING STATEMENTS
Certain information regarding Erdene 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, guida nce or other
statements that are not statements of fact. Although Erdene believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Erdene cautions that actual performance will be
affected by many factors, most of which are beyond its control, and that future events and results
may vary substantially from what Erdene currently foresees. Factors that could cause actual
results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration results, continued availability of capital and financing and general
economic, market or business conditions. 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 is subject to change after that date. The Company does not assume the
obligation to revise or update these forward-looking statements, except as may be required under
applicable securities laws.
ERDENE CONTACT INFORMATION
Peter C. Akerley, President and CEO
or
Ken W. MacDonald, Vice President and CFO
Phone: (902) 423-6419
E-mail: [email protected]
Website: www.erdene.com
Twitter: https://twitter.com/ErdeneRes
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