Erdene Provides First Quarter Project Updates and Financial Results

Erdene Resource Development Corp. (TSX:ERD) provided an update on its principal projects in conjunction with the release of its first quarter 2010 financial results.

The press release is quoted as saying:

Erdene Resource Development Corp. is a diversified resource company with multiple projects at various stages of development from exploration to production, all focused on high-growth commodities. Erdene has a current working capital position of approximately $12.2 million, including that of its controlled subsidiary APM, with 89,230,877 common shares issued and outstanding and a fully diluted position of 93,084,877 common shares.

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