Multiple buying at Erdene Resource Dev Corp (ERD)

Multiple buying at Erdene Resource Dev Corp (T:ERD)

The following insiders acquired Common Shares on a direct ownership basis via a private transaction on February 28th at a price of 23 cents:

John Philip Byrne, a Director, acquired 435,000 Common Shares on a direct ownership basis. This represents a $100,050 investment into the company's shares and an account share holdings change of 8.3%.

David Vaughn Mosher, a Director, acquired 86,956 Common Shares. This represents a $54,782 investment into the company's shares and an account share holdings change of greater than 100%.

Anna Biolik, a Director, acquired 21,740 Common Shares. This represents a $13,696 net investment into the company's shares and an account share holdings change of -23.1%.

Peter Akerley, CEO and Director, acquired 50,000 Common Shares. This represents a $11,500 investment into the company's shares and an account share holdings change of 3.2%.

Thomas Layton Croft, a Director, acquired 43,478 Common Shares. This represents a $10,000 investment into the company's shares and an account share holdings change of 4.5%.

Kenneth MacDonald, CFO and Director, also acquired 43,478 Common Shares. This represents an account share holdings change of 5.1%.

Erdene Resource Dev Corp is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration and development of base and precious metals in Mongolia. The Company holds approximately four exploration licenses covering approximately 10,730 hectares and a mining license covering over 6,040 hectares. These include Altan Nar, a gold-polymetallic project that the Company is advancing toward a production decision; Bayan Khundii, an earlier-stage gold discovery; Khuvyn Khar, an early-stage copper-silver porphyry project with multiple drill targets and copper intersections; Zuun Mod, a molybdenum-copper porphyry deposit, and Altan Arrow, an early-stage gold-silver project. The Zuun Mod property is located in Bayankhongor Province southwest of Ulaanbaatar. In addition, the Company has an alliance with Teck Resources Limited on regional, copper-gold exploration in the Trans Altay region of southwest Mongolia.