Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the quarter ended March 31, 2025, and to provide an update on progress at the Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”).

Peter Akerley, Erdene’s President and CEO stated, “The team made great progress safely advancing BK towards production during the first quarter. With over 700 personnel on-site, the Project is currently 92% complete as we work towards first gold in late Q3 2025.”

Mr. Akerley continued, “We have commissioned the Project’s first ten facilities and expect to commission the balance of non-process infrastructure in Q2, including the accommodation village, 240 kilometre overhead transmission project and laboratory. The process plant stands at 90% complete, with detailed piping, electrical and instrumentation work, as well as completion of the conveyor, crushing and grinding station remaining. Concurrently, the mining fleet has begun to arrive at site and training and initial earthworks are underway.”

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