Entrée Resources provides a presentation on its investment in the Oyu Tolgoi copper-gold mine in Mongolia. Key points: - Entrée has a 20% interest in the Hugo North Extension and Heruga deposits within the Oyu Tolgoi mining license. - Development of Lift 1 of Hugo North Extension is underway and expected to begin production for Entrée in 2021, providing 14 years of mine life based on reserves. - A preliminary economic assessment outlines a potential 33 year mine life from Lifts 1 and 2, and up to 77 years including the Heruga deposit. - The presentation outlines the project's large mineral endowment, low development costs for Entrée, and potential

1. Investor Presentation
April 2019
TSX: ETG | NYSE American: EGI
Advancing Towards Production

2. Entrée Resources | Investor Presentation | April 2019 | 2
Cautionary Statement
The information in this presentation is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entrée. This information is not intended
to be, and should not be construed as, part of an offering or solicitation of securities.
For additional information regarding the Entrée/Oyu Tolgoi JV property, see the technical report titled “Entrée/Oyu Tolgoi Joint Venture Project, Mongolia” with an effective date of January 15, 2018 (“2018
Technical Report”) prepared by Amec Foster Wheeler Americas Limited a copy of which is available on SEDAR at www.sedar.com.
This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian
securities laws.
Forward-looking statements include, but are not limited to, statements with respect to corporate strategies and plans; requirements for additional capital; the value and potential value of assets and the ability of Entrée to
maximize returns to shareholders; construction and continued development of the Oyu Tolgoi underground mine; the expected timing of first development production from Lift 1 of the Entrée/Oyu Tolgoi JV property; the future
prices of copper, gold, molybdenum and silver; the estimation of mineral reserves and resources; the realization of mineral reserve and resource estimates; anticipated future production, capital and operating costs, cash flows
and mine life; capital, financing and project development risk; potential size of a mineralized zone; potential expansion of mineralization; potential discovery of new mineralized zones; potential metallurgical recoveries and
grades; plans for future exploration and/or development programs and budgets; permitting time lines; anticipated business activities; proposed acquisitions and dispositions of assets; and future financial performance. While
the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of Entrée’s future performance and are
based on numerous assumptions regarding present and future business strategies, the correct interpretation of agreements, laws and regulations, local and global economic conditions, legal proceedings and negotiations and
the environment in which the Company will operate in the future, including the price of copper, gold, silver and molybdenum, and the status of the Company’s relationship and interaction with the Government of Mongolia, Oyu
Tolgoi LLC (“OTLLC”), Rio Tinto and Turquoise Hill Resources. With respect to the construction and continued development of the Oyu Tolgoi underground mine, important risks, uncertainties and factors which could cause
actual results to differ materially from future results expressed or implied by such forward-looking statements and information include, amongst others, the timing and cost of the construction and expansion of mining and
processing facilities; the timing and availability of a long term power source for the Oyu Tolgoi underground mine; the ability of OTLLC to draw down on the supplemental debt under the Oyu Tolgoi project finance facility and
the availability of additional financing on terms reasonably acceptable to OTLLC, Turquoise Hill and Rio Tinto to further develop Oyu Tolgoi; delays, and the costs which would result from delays, in the development of the
underground mine; projected copper, gold and silver prices and demand; and production estimates and the anticipated yearly production of copper, gold, silver and molybdenum at the Oyu Tolgoi underground mine. With
respect to the 2018 PEA, it is based on a conceptual mine plan that includes Inferred resources. Numerous assumptions were made in the preparation of the 2018 PEA, including with respect to mineability, capital and
operating costs, production schedules, the timing of construction and expansion of mining and processing facilities, and recoveries, that may change materially once production commences at Hugo North Extension Lift 1 and
additional development and capital decisions are required. Any changes to the assumptions underlying the 2018 PEA could cause actual results to be materially different from any future results, performance or achievements
expressed or implied by forward-looking statements and information relating to the 2018 PEA. Other uncertainties and factors which could cause actual results to differ materially from future results expressed or implied by
forward-looking statements and information include, amongst others, unanticipated costs, expenses or liabilities; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical
recoveries; the size, grade and continuity of deposits not being interpreted correctly from exploration results; the results of preliminary test work not being indicative of the results of future test work; fluctuations in commodity
prices and demand; changing foreign exchange rates; actions by Rio Tinto, Turquoise Hill and/or OTLLC and by government authorities including the Government of Mongolia; the availability of funding on reasonable terms;
the impact of changes in interpretation to or changes in enforcement of laws, regulations and government practices, including laws, regulations and government practices with respect to mining, foreign investment, royalties
and taxation; the terms and timing of obtaining necessary environmental and other government approvals, consents and permits; the availability and cost of necessary items such as power, water, skilled labour, transportation
and appropriate smelting and refining arrangements; and misjudgements in the course of preparing forward-looking statements. In addition, there are also known and unknown risk factors which may cause the actual results,
performances or achievements of Entrée to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements and information. Such factors include, among
others, risks related to international operations, including legal and political risk in Mongolia; risks associated with changes in the attitudes of governments to foreign investment; risks associated with the conduct of joint
ventures; global financial conditions; changes in project parameters as plans continue to be refined; inability to upgrade Inferred mineral resources to Indicated or Measured mineral resources; inability to convert mineral
resources to mineral reserves; conclusions of economic evaluations; future prices of copper, gold, silver and molybdenum; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and
other risks of the mining industry; delays in obtaining government approvals, permits or licences or financing or in the completion of development or construction activities; environmental risks; title disputes; limitations on
insurance coverage; as well as those factors discussed in the section entitled “Risk” in Entrée’s most recently filed Management’s Discussion & Analysis and in the section entitled “Risk Factors” in Entrée’s Annual Information
Form dated March 29, 2019, both available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Except as required under applicable securities legislation, Entrée undertakes no obligation to publicly update or revise forward-looking statements.
Robert Cinits, P.Geo., Entrée’s former Vice President of Corporate Development and currently a consultant to Entrée has approved the technical information in this presentation. Mr. Cinits is a “qualified person” as defined in
National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101”).
All minerals reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Cautionary Note to United States Investors:
United States investors are advised that while the terms “Measured mineral resources”, “Indicated mineral resources” “Inferred mineral resources” and “Probable mineral reserves” are recognized and required by Canadian
regulations, the United States Securities and Exchange Commission (“SEC”) does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will
ever be upgraded to a higher category, or converted into mineral reserves. Inferred mineral resources have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Under Canadian
rules, estimates of Inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of an Inferred mineral resource exists, or is
economically or legally minable. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves
as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this presentation containing descriptions of the Company’s mineral properties may not be comparable to similar
information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
"Cash costs after credits" (C1) and All-in sustaining cost (ASIC) are non-IFRS performance measurements. These performance measurements are included because these statistics are widely accepted as the standard of
reporting cash costs of production in North America. These performance measurements do not have a meaning within IFRS and, therefore, amounts presented may not be comparable to similar data presented by other
mining companies. These performance measurements should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

3. Entrée Resources | Investor Presentation | April 2019 | 3
About Entrée Resources Ltd.
▪ Robust cash flows: from the 2018 PEA *
▪ Characteristics of a Royalty
▪ Low risk profile: low capital, development and operational risk
▪ Well-funded to production: ~US$ 6.2 million cash (as at Dec 31, 2018)
▪ Cornerstone shareholders: Sandstorm Gold, Turquoise Hill & Rio Tinto
Oyu Tolgoi mill complex (September 2017)
Entrée has a unique carried joint venture interest in a significant
portion of the Oyu Tolgoi copper-gold project in Mongolia
* Technical report filed on SEDAR (www.sedar.com) under the company’s profile

4. Entrée Resources | Investor Presentation | April 2019 | 4
Entrée/Oyu Tolgoi JV Deposits
Entrée/Oyu Tolgoi JV (EJV)
property is an integral part
of the world-class Oyu
Tolgoi copper-gold project
Entrée has a 20% carried interest in the Hugo North Extension and Heruga
resources and reserves.
* Shivee West is subject to a License Fees Agreement between Entrée and
OTLLC and may ultimately be included in the Entrée/Oyu Tolgoi JV property.
** Outline of mineralization projected to surface.
The EJV property includes:
• Hugo North Extension (HNE)
• Heruga
• Significant exploration potential

5. Entrée Resources | Investor Presentation | April 2019 | 5
Entrée/Oyu Tolgoi JV Deposits: Large, Long Life
2018 Technical Report for the Entrée/Oyu Tolgoi JV property:
• HNE Lift 1: 14 year mine life (2018 Reserve Case)
• HNE Lift 1 + Lift 2: 33 year conceptual mine life (first half of 2018 PEA)
• HNE Lift 1 + Lift 2 + Heruga*: 77 years from start of Lift 1 to completion of Heruga (2018 PEA)
*The economic analysis in the 2018 PEA (HNE Lift 1 + HNE Lift 2 + Heruga) does not have as high a level of certainty as the 2018 Reserve Case (HNE Lift 1). The 2018 PEA is preliminary in nature and includes Inferred
mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that
the 2018 PEA will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Assumes long-term metals prices: US$3.00/lb Cu, US$1,300.00/oz Au and US$19.00/oz Ag.

6. Entrée Resources | Investor Presentation | April 2019 | 6
Entrée/Oyu Tolgoi JV: Hugo North Extension Update
Entrée Resources | Investor Presentation | March 2018 | 6
Lift 1 development production
for EJV in ~2021
OTLLC:HugoSouth&
HugoNorthDeposits
*Shaft 4 designed on the EJV property, potential to be moved onto the
Oyu Tolgoi mining licence.
Entrée Resources | Investor Presentation | April 2019| 6
EJV - LIFT 2
Second lift to be mined
in the 2018 PEA;
together with Lift 1 these
form the initial 33 years
of mine life
▪ Shafts 1 and 5 are complete
▪ Shaft 2 expected to be completed in
Q4 2019
▪ Shaft 3 and Shaft 4* expected to start
sinking in Q4 2019
▪ Haulage decline started in Q1 2017
Oyu Tolgoi Lift 1 underground
development is underway
EJV - LIFT 1
Basis of the 2018 Reserve Case
OR
Initial lift to be mined in the 2018 PEA

7. Entrée Resources | Investor Presentation | April 2019 | 7
2018 Reserve Case & 2018 PEA: Cash Flows
Financial Highlights (in US$ M, attributable to Entrée)
2018 Reserve Case 2018 PEA
HNE Lift 1
(14 years mine life)
HNE Lift 1+2
(initial 33 years)
TOTAL – Lift
1+2+Heruga
(total 77 years*)
LOM cash flows,
before-tax
$382 $2,133 $2,078
LOM cash flows,
after-tax
$286 $1,595 $1,522
NPV, after-tax
5%
8%
$157
$111
$506
$277
$512
$278
.
Robust returns from Hugo North Extension Lifts 1 and 2
Heruga
• Scheduled to commence after both HNE Lift 1 & 2 are fully mined
• EJV attributable resources of 14.6 billion lbs copper and 20.4 million oz gold
Notes: Cash flows assume long-term metals prices: US$3.00/lb Cu, US$1,300.00/oz Au and US$19.00/oz Ag.
Internal rate of return (IRR) and payback are not presented, because, with 100% financing, neither is applicable.
The economic analysis in the 2018 PEA does not have as high a level of certainty as the 2018 Reserve Case. The 2018 PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2018 PEA will be realized. Mineral resources are not mineral reserves and do not have
demonstrated economic viability. Heruga Inferred resource is 1,700 Mt @ 0.39% Cu, 0.37 g/t Au, 1.39 g/t Ag and 113.2 ppm Mo (0.37% CuEq cut-off).
*2018 PEA covers the period 2021 to 2097 (77 years), but includes an 11-year period (2054 to 2064) with no mining from the Entrée/Oyu Tolgoi JV property, when other mineralization from the Oyu Tolgoi mining licence is mined.
.
Above noted figures are as at January 2018

8. Entrée Resources | Investor Presentation | April 2019 | 8
2018 Reserve Case & 2018 PEA: Capital & C1 Cash Costs
Capital, C1 & AISC costs (in US$, attributable to Entrée)
2018 Reserve Case 2018 PEA
Total Development +
Sustaining Capital ($M)
$52.3 $1,727*
Cash Cost after Credits (C1) -
$/lb payable Cu
$0.56 $0.68
All-In Sustaining Cost (AISC)
after Credits - $/lb payable Cu
$1.03 $1.83
* Consists of $292M for HNE Lift 1 & 2 and $1,435M for Heruga (which starts in 2065)
The economic analysis in the 2018 PEA does not have as high a level of certainty as the 2018 Reserve Case. The 2018 PEA is preliminary in nature and includes Inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2018 PEA
will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Low capital and C1 cash costs attributable to Entrée
▪ Entrée not responsible for upfront payment of capital costs of surface infrastructure and
underground development on the Oyu Tolgoi mining licence
▪ JV partner, Oyu Tolgoi LLC (OTLLC), will contribute Entrée’s share of project/exploration
costs on the EJV property as a loan
▪ Loan bears interest at prime +2%, repayable to OTLLC from 90% of free cash flow

9. Entrée Resources | Investor Presentation | April 2019 | 9
2018 Reserve Case and 2018 PEA: Production Schedules
• Entrée has a 20% attributable interest in the above resources, reserves and recovered metal.
• The economic analysis in the 2018 PEA does not have as high a level of certainty as the 2018 Reserve Case. The 2018 PEA is preliminary in nature and includes Inferred mineral resources that are considered
too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2018 PEA will be realized.
Mineral resources are not mineral reserves and do not have demonstrated economic viability.
0.00
1.00
2.00
3.00
4.00
5.00
6.00
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2018
2021
2024
2027
2030
2033
2036
2039
2042
2045
2048
2051
2054
2057
2060
2063
2066
2069
2072
2075
2078
2081
2084
2087
2090
2093
2096
%Cu,Aug/t,Agg/t
MinedandProcessed(ktonnes)
kt Cu % Au g/t Ag g/t
2018 PEA
HNE Lift 1 HNE Lift 2 Heruga
HNE=Hugo North Extension
Schedule includes development and block cave production
Mine Life: 2018 Reserve Case covers the period 2021 to 2034; 2018 PEA covers the period 2021 to 2097 (77 years), but
includes an 11-year period (2054 to 2064) with no mining from the Entrée/Oyu Tolgoi JV property, when other
mineralization from the Oyu Tolgoi mining licence is mined
2018 Reserve
Case

10. Entrée Resources | Investor Presentation | April 2019 | 10
Entrée: An Attractive Risk Profile
Characteristics of a Royalty
▪ Manageable project development risk
with Rio Tinto as operator
▪ OTLLC carries almost all of the financial
burden and execution risk on the Oyu Tolgoi
underground project, including the EJV
property
▪ Low capital risk for Entrée Shift change at 1250m depth, Shaft 1 (September 2017)
Financing and Capital Requirements
No requirement to source financing; upfront
capital contributions debt financed by OTLLC
Project Finance Facility Lift 1
(2018 Reserve Case, US$ M)
~$52.3 upfront development and sustaining
capital repayable to OTLLC
Debt Repayment From 90% of free cash flow
Financing Interest Rate RBC Prime + 2.00%
Developer and Operator Rio Tinto

11. Entrée Resources | Investor Presentation | April 2019 | 11
Entrée: Maximizing Potential
Photo from Oyu Tolgoi website: http://ot.mn/
Oyu Tolgoi Underground development
Near term priorities:
▪ Continue constructive discussions
with the Government of Mongolia
▪ Work with partners to advance
potential amendments to the JV
agreement that align the interests
of all stakeholders as they are now
understood
▪ Advocate increased exploration on
Entrée/Oyu Tolgoi JV property,
including several priority near-
surface targets

12. Entrée Resources | Investor Presentation | April 2019 | 12
Entrée Overview
TSX: ETG
NYSE American: EGI
Treasury
~US$ 6.2 million
(as of Dec 31, 2018)
Market
Capitalization
~C$ 88 million
(as of Mar 31, 2019)
Shares
Outstanding
~174.8 million
(as of Mar 31, 2019)
Listings
* Rio Tinto holds beneficial ownership over shares held by Turquoise Hill
Cornerstone Shareholders Ownership %
Sandstorm Gold Ltd. 16.4%
Rio Tinto PLC 9.5%
Turquoise Hill Resources* 7.9%

13. Appendix

14. Entrée Resources | Investor Presentation | April 2019 | 14
Experienced Leadership Team
Senior Management Team
Stephen Scott
President and Chief Executive Officer
Duane Lo
Chief Financial Officer
Susan McLeod
Vice President, Legal Affairs
Directors
Mark Bailey
Chairman
Alan Edwards
James Harris
Michael Price
Anna Stylianides
Stephen Scott
President and Chief Executive Officer

15. Entrée Resources | Investor Presentation | April 2019 | 15
Entrée/Oyu Tolgoi JV Structure
20%*
80%
34% 66%
Oyu Tolgoi LLC
(OTLLC)
Entrée
ResourcesEntrée 20%* carried interest in the
Entrée/Oyu Tolgoi JV
Mongolian Government Turquoise Hill
Rio Tinto**
51%
Entrée/Oyu
Tolgoi JV
Hugo North Extension & Heruga deposits
Significant exploration potential along the
OT trend
* Entrée has a 30% participating interest with respect to mineralization extracted from above 560m depth.
** Rio Tinto is project operator of Oyu Tolgoi.
▪ Entrée not responsible for upfront
payment of capital costs of surface
infrastructure and underground
development on the Oyu Tolgoi mining
licence
▪ OTLLC will contribute Entrée’s share
of project/exploration costs on the
Entrée/Oyu Tolgoi JV property as a
loan
▪ Loan bears interest at prime +2%,
repayable to OTLLC only from 90% of
free cash flow

16. Entrée Resources | Investor Presentation | April 2019 | 16
Oyu Tolgoi: Location
About Oyu Tolgoi
• One of the world’s largest new
copper-gold mines
• Located in the South Gobi
region of Mongolia
• 550 km south of the capital
• 80 km north of the Mongolia-
China border
About Mongolia
• Population ~ 3.0 million (2014)
• Capital: Ulaanbaatar (pop’n
~1.3 million (2014))
• Language: Mongolian
• Religion: Buddhism (53%)
• Government: independent
republic with democratic
elections every four years
• Size: 1.5 million km2,
landlocked between Russia
(north) and China (south)
• GDP: US$12 billion (2014)
Source: Turquoise Hill Resources

17. Entrée Resources | Investor Presentation | April 2019 | 17
2018 PEA: Sensitivity to Copper Prices
Using $3.75/lb copper price, HNE Lift 1 + Lift 2 NPV = ~US$400 million
Source: Entrée / Oyu Tolgoi Joint Venture Technical Report (January 2018) figure 24-18 “2018 PEA after-tax NPV Sensitivity Analysis”, assumes long term
metal prices of $3.00/lb Cu, $1,300/oz Au and $19.00/oz Ag.
The economic analysis in the 2018 PEA does not have as high a level of certainty as the 2018 Reserve Case. The 2018 PEA is preliminary in nature and
includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable
them to be categorized as mineral reserves, and there is no certainty that the 2018 PEA will be realized. Mineral resources are not mineral reserves and do
not have demonstrated economic viability.

18. Entrée Resources | Investor Presentation | April 2019 | 18
2018 PEA – Mill Feed
Entrée has a 20% attributable interest in the above resources, reserves and recovered metal.
The HNE Lift 1 Mineral Reserve and recovered metal is shown on the Resources and Reserves slide in the appendix of this presentation.
The economic analysis in the 2018 PEA does not have as high a level of certainty as the 2018 Reserve Case. The 2018 PEA is preliminary in nature and includes Inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2018 PEA will be realized. Mineral
resources are not mineral reserves and do not have demonstrated economic viability.
HNE CuEq is calculated using the following equation: CuEq=Cu+((Au*1250*0.0321507*0.913)+(Ag*20.37*0.0321507*0.942))/(3.01*22.0462)
Heruga CuEq is calculated using the following equation: CuEq=Cu+((Au*1250*0.0321507*0.913)+(Ag*20.37*0.0321507*0.942)+(Mo*11.9*0.0022046*0.736))/(3.01*22.0462)
2018 PEA Indicated Resources + Inferred Resources
Mill
Feed
(MT)
Cu
(%)
Au
(g/t)
Ag
(g/t)
CuEq
(%)
Mill Feed
(MT)
Cu
(%)
Au
(g/t)
Ag
(g/t)
CuEq
(%)
HNE Lift 1 34.8 1.59 0.55 3.72 1.93 --- --- --- --- ---
HNE Lift 2 78.4 1.34 0.48 3.59 1.64 88.4 1.34 0.48 3.59 1.64
HNE Lift 1+2 113.2 1.42 0.50 3.63 1.73 88.4 1.34 0.48 3.59 1.64
Heruga --- --- --- --- --- 619.7 0.42 0.43 1.53 0.71
Total 113.2 1.42 0.50 3.63 1.73 708.1 0.53 0.44 1.79 0.82
HNE Lift 1+2+Heruga Recovered Metal
• 10,497 Mlb copper
• 9,367 koz gold
• 45,378 koz silver
High Grade
HNE Lift 1+2 Recovered Metal
• 5,579 Mlb copper
• 2,637 koz gold
• 20,442 koz silver

19. Entrée Resources | Investor Presentation | April 2019 | 19
Entrée/Oyu Tolgoi JV: Mineral Resources & Reserves
• Entrée has a 20% carried interest in the Hugo North Extension and Heruga resources and reserves.
• The mineral reserves are not additive to the mineral resources.
• HNE CuEq is calculated using the following equation: CuEq=Cu+((Au*1250*0.0321507*0.913)+(Ag*20.37*0.0321507*0.942))/(3.01*22.0462)
• Heruga CuEq is calculated using the following equation: CuEq=Cu+((Au*1250*0.0321507*0.913)+(Ag*20.37*0.0321507*0.942)+(Mo*11.9*0.0022046*0.736))/(3.01*22.0462)
High-grade, large resources
Entrée/Oyu Tolgoi JV Property – Mineral Resources
Classification
Tonnage
(Mt)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(ppm)
CuEq
(%)
Contained Metal
Cu (Mlb) Au (koz) Ag (koz) Mo (Mlb)
Hugo North Extension (>0.37% CuEq Cut-Off)
Indicated 122 1.68 0.57 4.21 - 2.03 4,515 2,200 16,500 -
Inferred 174 1.00 0.35 2.73 - 1.21 3,828 2,000 15,200 -
Heruga (>0.37% CuEq Cut-Off)
Inferred 1,700 0.39 0.37 1.39 113.2 0.64 14,604 20,410 75,932 424
Entrée/Oyu Tolgoi JV Property – Mineral Reserves – Hugo North Extension Lift 1
Classification
Tonnage
(Mt)
NSR
(US$/t)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Recovered Metal
Cu (Mlb) Au (koz) Ag (koz)
Probable 35 100.57 1.59 0.55 3.72 1,121 519 3,591

20. Entrée Resources | Investor Presentation | April 2019 | 20
Entrée/Oyu Tolgoi JV: Multiple Development Options
Based on the 2016 Oyu Tolgoi Technical Report, Turquoise Hill
*Source: Base diagram from 2016 Oyu Tolgoi Technical Report, Turquoise Hill
Significant expansion opportunities to increase mining and milling rates
▪ Turquoise Hill’s current Base Case 40 Mtpa (~110 ktpd)
▪ Potential to achieve 50 Mtpa (~140 ktpd) over first 5 years, with limited capital investment
▪ 100 Mtpa (~275 ktpd) and 120 Mtpa (~330 ktpd) would shift the Entrée/Oyu Tolgoi JV’s Heruga
mineralization earlier into the mine plan to Entrée’s benefit
Includes Entrée/Oyu Tolgoi JV
mineralization

21. TSX: ETG | NYSE American: EGI
For more information, please contact:
Stephen Scott
President & Chief Executive Officer
sscott@EntreeResourcesLtd.com
David Jan
Investor Relations
djan@EntreeResourcesLtd.com
604.687.4777 (office) | 1.866.368.7330 (toll free)
EntreeResourcesLtd.com