Entree Gold Inc.

Entrée Gold Inc.

Address:	1400 - 570 Granville Street Vancouver, B.C. Canada V6C 3P1
Tel No.:	(604) 341-5507
Fax No.:	(604) 687-4212
Web Site:	www.entreegold.com
Corporate Email:	info@entreegold.com
Contact Person:	Greg Crowe
Position:	President & CEO

COMPANY DATA

Traded Market:	TSX Venture Exchange
Traded Symbol:	ETG
Outstanding Shares:	19,218,000
Public Float:	Approx. 3.5 million
52 Week High:	$ 1.75
52 Week Low:	$ 0.33
Present Price:	Click Here

INTRODUCTION

Entrée Gold Inc. is a junior resource company focused on the deep exploration and advancement of premium gold assets worldwide. The Company is currently exploring the strategically located Shivee Tolgoi (Lookout Hill) property, adjacent to and completely surrounding Ivanhoe Mines' Oyu Tolgoi (Turquoise Hill) property, Mongolia.

PROJECT IN HAND

Entrée Gold Inc. has one of the premier frontier exploration properties in the emerging South Gobi gold-copper camp, Mongolia. The Shivee Tolgoi exploration project is being conducted on three mineral exploration concessions recently optioned from a private Mongolian company. The three contiguous concessions occupy an area of 179,594 hectares in the currently active southern Mongolian porphyry gold-copper belt. The main zones of exploration interest, referred to as the Shivee Tolgoi prospect, are immediately north of and along strike from little more than ten kilometres to the northwest of the large porphyry gold-copper deposit recently discovered at Oyu Tolgoi (Turquoise Hill) and currently being explored by Ivanhoe Mines. A second major zone of interest (Zone III) is a system of epithermal gold mineralization located approximately 10 km to the northwest of Oyu Tolgoi.

The concessions are located in the Gobi desert region of southern Mongolia, about 540 kilometres to the south of the capital city, Ulaan Baatar in Umnugobi Aimag (Province). Two of the concessions encompass the property in which the Oyu Tolgoi (Ivanhoe Mines) deposit is located, and the third lies to the west. Shivee Tolgoi property completely surrounds Ivanhoe's approximately 8,500 hectare Oyu Tolgoi property.

The Shivee Tolgoi Zone III hosts documented high-grade epithermal style gold mineralization with values to 29.2 g/t (0.85 oz/t) gold. Recent trench sampling results have revealed two anomalous north-south trending zones of gold mineralization in association with a 1.6 km long IP chargeability conductor. The best results from the trenches were 18m averaging 1.38 g/t gold with values to 8.3 g/t gold over 2m. The Shivee Tolgoi also potentially hosts extensions to Ivanhoe's porphyry gold-copper mineralized system as evidenced by alteration and geophysical (IP) anomalies.

MONGOLIA INFORMATION

Mongolia, more known as Outer Mongolia, is a landlocked country bordered by Russia to the north and China to the east, south and west. With an area of more than 1.5 million square kilometres (world's seventh largest country) and a population of approximately 2.4 million people, Mongolia has one the lowest population densities in the world. The landscape has several geographic features, including forest mountain ranges to the north, desert and low mountain areas to the south, high mountain ranges to the west and vast plains to the east. The climate is considered extreme with hot summers and cold winters.

Mongolia can be considered as one of the "last frontiers" for mineral exploration. The country is surrounded by some of the world's largest mineral deposits but exploration efforts within Mongolia are still in the early stages. The recent copper-gold discovery at Oyu Tolgoi by Ivanhoe Mines Ltd. has helped bring Mongolia's mineral potential into the spotlight. Gold production in Mongolia at present is limited to minor production from alluvial deposits. Mongolia is a major producer and exporter of copper and molybdenum as well as a leading world producer of fluorspar. A significant proportion of the country's exports come from the Erdenet copper deposit, which is one of the largest copper reserves in the world.

ENTRÉE GOLD DIRECTORS AND MANAGEMENT

Entrée Gold has appointed three senior exploration geologists, Greg Crowe, M.Sc.(Geo.), Lindsay Bottomer, M.Sc., (App.), both of Vancouver, B.C., and Mark Bailey, M.Sc.(Geo.), of Bellingham, WA, totalling over 58 years of experience, to its board. In addition, Mr. Crowe has been appointed President of Entrée.

GREG CROWE, PRESIDENT
Mr. Crowe, age 48, is a registered Professional Geologist in the provinces of Alberta and British Columbia. He brings to Entrée over 20 years exploration, business and entrepreneurial experience throughout North America, Latin America, Africa and Southeast Asia. After leaving Anaconda Canada in 1984, Mr. Crowe co-founded and was President of Azimuth Geological Inc. This private company provided exploration and management services to companies in the junior and major mining sectors, including Rio Algom, Westmin Mines, Lafarge Canada and the Prime Group.

In the 1990's, Mr. Crowe re-focused his exploration efforts on Latin America. From 1994 to 1998, he was instrumental transforming Yuma Copper Corp. from a junior exploration company into a copper producer with two active mines in Chile. Between 1998 and the present, he has provided consulting services to a number of mining companies, world-wide.

LINDSAY BOTTOMER, DIRECTOR
Mr. Bottomer, age 53, is a professional geologist with over 30 years experience in mineral exploration, world-wide. For the past 13 years, he has been based in Vancouver working with Prime Equities (Pezim Group), Echo Bay Mines, and as a consultant to a number of junior resource companies. He is currently President of Southern Rio Resources and a director of Pacific North West Capital Corp. He was President of the BC & Yukon Chamber of Mines from 1998 to 2000.

MARK BAILEY, DIRECTOR
Mr. Bailey, age 53, is a successful exploration geologist, with over 26 years of experience, who has been the President and CEO of TSX-listed Minefinders Corporation Ltd. ("Minefinders"), since 1995. He is highly respected for both his technical competence and his aptitude in maximizing the effectiveness of exploration programs and budgets. While with Minefinders, he has been responsible for the discovery and ongoing development of resources now totalling more than 3,000,000 ounces of gold and 165 million ounces of silver.

MONGAL GAZAR REPRESENTATIVES
Entrée has appointed two representatives from Mongal Gazar to its Board of Directors. They are Tseveenjav Myanganbayar and Ross Turner.

NEWS UPDATE

On January 30, 2003, Entrée Gold Inc. announced the appointment of James L. Harris to its Board of Directors, effective January 29, 2003. Mr. Harris is a Vancouver lawyer with extensive experience in the fields of securities, mining, corporate and oil and gas law. The Company also announced that, subject to TSX Venture Exchange approval, it has entered into a debt settlement with the law firm, Campney & Murphy, to settle $65,000 of accounts payable to Campney & Murphy by way of the issuance of 135,416 units of the Company at a deemed price of $0.48 per unit. In addition, the Company announced the grant, subject to TSX Venture Exchange approval, of up to 570,000 stock options, exercisable at a price of $0.60 per share for a term of five years.

On January 29, 2003, Entrée Gold Inc. reported the trenching and IP geophysical results over Entrée's Zone III epithermal gold system to the northwest of Oyu Tolgoi (Turquoise Hill) and on the IP and magnetometer geophysical surveys completed on Shivee Tolgoi along the northern extension of the porphyry gold-copper system being explored by Ivanhoe Mines on their Oyu Tolgoi property, Mongolia. Zone III hosts an epithermal gold system lying peripheral to the porphyry related gold-copper mineralization centered around Oyu Tolgoi. All three trenches completed across the northerly trending Zone III, each 25 metres apart, outlined two separate zones of anomalous gold mineralization. Several reconnaissance exploration targets were also identified in the recently completed exploration program.

On January 22, 2003, Entrée Gold Inc. reported the completion of geophysical, geochemical and trenching surveys conducted on portions of the Company's 179,590 hectare Shivee Tolgoi (Lookout Hill) property, located immediately adjacent to, and completely surrounding Ivanhoe Mines' approximately 8,500 hectare Oyu Tolgoi (Turquoise Hill) Property, Mongolia.

On January 16, 2003, Entrée Gold Inc. reported the closing of a brokered private placement of 2,500,000 units at a price of $0.35 per unit. Each unit was comprised of a common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to acquire an additional share for one year at $0.40 per share. The private placement raised total proceeds of $875,000.

On November 12, 2002, Entrée Gold Inc. announced that it has entered into an agreement with Canaccord Capital Corporation, acting as agent, for a private placement of up to 2,500,000 units, at a price of $0.35 per unit, for gross up to $875,000. The fund will be used to the Entrée's exploration activities and obligations in respect of its Shivee Tolgoi (Lookout Hill) gold-copper property, South Gobi Region, Mongolia.

On November 06, 2002, Entrée Gold Inc. reported that exploration work has commenced on the Company's strategically located Shivee Tolgoi (Lookout Hill gold-copper property, South Gobi Region, Mongolia. Entrée field crews are currently conducting geophysical and geochemical surveys. Entrée will conduct geochemical and geophysical (IP) surveys along the projected southern extension to the Ivanhoe gold-copper mineralized system. Entrée will also be completing trenching, sampling and geophysical (IP) surveys on the Zone III area epithermal gold target, where Robert F. Weicker, P.Geo., an independent qualified person, as defined by National Instrument 43-101, recently collected select grab samples of brecciated and quartz veined altered volcanics yielding gold values of 23.6 g/t, 1.72 g/t and 29.2 g/t gold.