Entrée Gold Counters Media Reports About Cancellation of Mongolian Mining Licences

Entrée Gold Inc. (TSX:ETG, NYSE:EGI) confirmed that the Oyu Tolgoi LLC-Entrée Gold joint venture mining licences have not been cancelled.

As quoted in the press release:

The Company has today received official notification from the Mineral Resources Authority of Mongolia (“MRAM”) advising the Company that, while the joint venture mining licenses MV-15225A and MV-15226A have not been revoked, Order No. 167 issued on July 10, 2009 by the Ministry of Mineral Resources and Energy has been cancelled. This Order concerned the registration of reserves related to the joint venture deposits which is one step in the process to convert an exploration licence to a mining licence. Order No. 167 was not concerned with issuing of the mining licences.

To view the whole press release, click here.