Directors and Management

The Rt Hon. Lord Howard of Lympne Chairman and Director

Stephen Scott Interim CEO

James Harris Director

Bruce Colwill CFO

Robert Cann VP Exploration

Susan McLeod VP Legal Affairs

Robert Cinits VP Corporate Development

Mark Bailey Director

Alan Edwards Director

Gorden Glenn Director Anna Stylianides Director

Analyst Coverage

TD Newcrest

Contact Information

HEAD OFFICE:

Entrée Gold Inc. Suite 1201-1166 Alberni Street Vancouver, BC Canada V6E 3Z3

Telephone: 604-687-4777 Fax: 604-687-4770 Toll Free: 866-368-7330 Website: www.entreegold.com INVESTOR RELATIONS:

Monica Hamm Manager Investor Relations E-mail: mhamm@entreegold.com

TSX:ETG | NYSE MKT: EGI | FRANKFURT:EKA

COPPER AND GOLD AT OUR CORE

Entrée Gold Inc. is a Canadian mineral exploration company balancing opportunity and risk with key assets in Nevada and Mongolia.

Entrée has been advancing its Ann Mason project in Nevada, one of the world’s most favourable mining jurisdictions. The Ann Mason project hosts the Ann Mason copper-molybdenum deposit as well as the Blue Hill copper deposit within the rejuvenated Yerington camp. The results of an updated Preliminary Economic Assessment (2015 PEA) on the Ann Mason deposit were released in September 2015. The 2015 PEA incorporates the results of the in-fill drill program completed in January 2015, and a new resource estimate. It provides a solid foundation for advancing the project to the next stages of development.

Additionally, as a joint venture partner with a carried interest on a portion of the Oyu Tolgoi mining project in Mongolia, Entrée has a unique opportunity to participate in one of the world’s largest copper-gold projects managed by one of the premier mining companies – Rio Tinto. Oyu Tolgoi, with its series of deposits containing copper, gold, silver and molybdenum, has been under exploration and development since the late 1990s.

INVESTMENT HIGHLIGHTS AND RECENT DEVELOPMENTS

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CORPORATE INFORMATION

NEVADA MONGOLIA

• Ann Mason copper-molybdenum deposit

• Updated Preliminary Economic Assessment (2015)

• Low political risk in one of top mining jurisdictions

• Strong local support for mining

• Excellent infrastructure

• Part of world class Oyu Tolgoi mining project

• Two JV copper-gold deposits: Hugo North Extension and Heruga

• Entrée carried by debt financing to production

• 50+ year potential mine life

Sandstorm Gold, Rio Tinto and Turquoise Hill are major shareholders, holding approximately 12%, 11% and 9% of the issued and outstanding shares, respectively. Rio Tinto, through its majority ownership of Turquoise Hill, beneficially owns 20.7% of Entrée’s issued and outstanding shares. Entrée’s joint venture partner, Oyu Tolgoi LLC (OTLLC), is owned 66% by Turquoise Hill and 34% by the Government of Mongolia. Rio Tinto is the manager of the Oyu Tolgoi mining project.

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STRATEGIC PARTNERS

November 9, 2015

Share Structure

Issued & Outstanding 147,093,418

Options 13,259,000

Fully Diluted 160,352,418

Financial Highlights

Funding Agreement - February 2013 $40 million

Equity Private Placement - March 2013 C$10 million

Ann Mason NSR - February 2013 $5 million

Total Proceeds from Financing $55 million

Cash as of September 30, 2015 $25.5 million

Trading (as of November 9, 2015)

Close Price 52 Week Range

TSX: ETG ($CAD) 0.37 0.18 – 0.66

NYSE MKT: EGI ($US) 0.27 0.08 – 0.50

Frankfurt: EKA (€) 0.25 0.12 – 0.47

MONGOLIA Lookout Hill

Entrée’s most advanced asset is a carried joint venture interest in two world class porphyry deposits within the Oyu Tolgoi project: Hugo North Extension and Heruga.

Lookout Hill is comprised of two mining licences (Shivee Tolgoi and Javhlant), which completely surround Oyu Tolgoi LLC's mining licence. The Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit are located within an area subject to a joint venture between Entrée and OTLLC. Exploration and development on the joint venture property are managed by Rio Tinto. Lookout Hill also includes Shivee West, which is 100% owned by Entrée and contiguous to the joint venture property.

Reserve at Lookout Hill

The mineral resources at Hugo North Extension contain a Probable reserve, which is included in the first lift (“Lift 1”) of the Oyu Tolgoi underground block cave mining operation. Entrée holds a 20% carried interest in this mineral reserve through its joint venture with OTLLC.

In October 2014, Turquoise Hill filed its Oyu Tolgoi 2014 Technical Report ("2014 OTTR"), which updates the reserve case for Lift 1 of the Hugo North Extension deposit. Entrée does not consider the changes to the Hugo North Extension deposit reserve reported in 2014 OTTR to be material.

A summary of the Entrée – OTLLC joint venture property production and financial results presented in Entrée’s March 28, 2013 technical report (“LHTR13”), and updated in 2014 OTTR, is shown in the table below.

Description UnitsLHTR13

Reserve Case2014 OTTR

Reserve Case

Probable Mineral Reserve

JV Processed Mt 31 35

NSR $/t 95.21 99.6911

Cu Grade % 1.73 1.59

Au Grade g/t 0.62 0.55

Ag Grade g/t 3.74 3.72

Copper Recovered Billion lb 1.1 1.1

Gold Recovered Moz 0.5 0.5

Silver Recovered Moz 3.2 3.6

NPV (8%) After Tax (to Entrée) $M 110 10211

*See Notes below

Ann Mason Deposit

Shivee West

Hugo North ExtensionHeruga

USA

Mongolia

Australia

Nevada

Lordsburg

Lukkacha

New Mexico

PeruBlue Rose

Blue Hill Deposit

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Notes: (1) See the Company’s March 28, 2013 technical report titled “Technical Report 2013 on the Lookout Hill Property Ömnögovi, Mongolia” and the Company’s news release dated November 3, 2014, both on SEDAR at www.sedar.com (2) Entrée has a 20% interest in Entrée-OTLLC joint venture property mineralization. Unless otherwise noted, results are for the entire Entrée-OTLLC joint venture. (3) Metal prices used for calculating the financial analysis are as follows. LHTR13: long-term copper at $2.87/lb; gold at $1,350/oz; and silver at $23.50/oz. 2014 OTTR: long-term copper at $3.08/lb; gold at $1,304/oz; and silver at $21.46/oz. The analysis has been calculated with assumptions for smelter refining and treatment charges, deductions and payment terms, concentrate transport, metallurgical recoveries and royalties. (4) For mine planning the metal prices used to calculate block model net smelter returns (NSR) were as follows. LHTR13: copper at $2.81/lb; gold at $970/oz; and silver at $15.50/oz. 2014 OTTR: copper at $3.01/lb; gold at $1,250/oz; and silver at $20.37/oz. (5) Underground (including some mining costs) costs used to determine cut-off grades are based on $15.34/t in LHTR13 and $15.00/t in 2014 OTTR. (6) For the underground block cave, all mineral resources within the shell have been converted to mineral reserves. This includes Measured and Indicated mineral resources below the resource cut-off grade. It also includes Inferred mineral resources, which have been assigned a zero grade and treated as dilution. (7) In 2014 OTTR for Hugo North Extension, Measured and Indicated mineral resources were used to report Probable mineral reserves. In LHTR13, no Measured resources were reported. (8) The mineral reserves reported above are not additive to the mineral resources. (9) The LHTR13 economic analysis has been calculated from the start of 2012. In 2014 OTTR, economic analysis has been calculated from the start of 2015 and excludes 2014. Costs shown are real costs not nominal costs. Expansion capital includes only direct project costs and does not include non-cash shareholder interest, management fees, tax pre-payments, forex adjustments, or exploration phase expenditure. (10) LHTR13 mineral reserves have the effective date March 25, 2013. 2014 OTTR mineral reserves have the effective date September 20, 2014. (11) Entrée’s NSR and after tax NPV8% shown above for 2014 OTTR was calculated by Entrée using the 2014 Oyu Tolgoi Feasibility Study financial model.

This fact sheet contains forward-looking statements and forward-looking information, as defined under applicable Canadian and U.S. securities laws, which are subject to known and unknown risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Known risk factors are described under the heading "Risk Factors" in the Company’s AIF for the year ended December 31, 2014 and under the heading "Risk" in the Company's most recently filed MD&A which are available on SEDAR at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate; accordingly, readers should not place undue reliance on forward-looking statements. Mr. Robert Cann, P.Geo., Vice President, Exploration of Entrée Gold Inc., a qualified person under National Instrument 43-101, has approved the technical information in this fact sheet. All "$" denotes US currency unless otherwise stated.

NEVADA Ann Mason The Ann Mason project is an advanced project located near the city of Yerington in Nevada and is host to two known mineral deposits: Ann Mason and Blue Hill. Both are copper-molybdenum porphyries although Blue Hill is predominantly a copper oxide deposit. Several other under-explored copper oxide and sulphide targets are located throughout the project area.

Advancing Ann Mason

The results of the 2015 PEA on the Ann Mason deposit were released on September 9, 2015. Similar to the previously reported PEA (October 2012), the 2015 PEA envisions an open pit and conventional sulphide flotation milling operation; however, the proposed mill throughput has been increased by 20%, from 100,000 to 120,000 tonnes per day, with a minimal 5% increase in development capital. Pre-production development is estimated to take three years, followed by 21 years of mine production. Over the life of mine, the project is estimated to produce 5.1 billion pounds of copper.

The 2015 PEA incorporates the results of the Company’s 40-hole infill drill program completed in early 2015, and a new resource estimate. Approximately 95% of the mineralization constrained within the ultimate PEA pit (“Phase 5”) is now classified as either Measured or Indicated resources, with the remaining 5% classified as Inferred resources. The 2015 PEA also includes preliminary results of a detailed metallurgical program, designed to better characterize the metallurgical processes and recoveries and to support a future Pre-Feasibility study.

See table below for a summary of the Ann Mason 2015 PEA Highlights.

Description Unit Base Case* Post-Tax

Milling Rate TPD 120,000

Mine Production Years 21

Average Copper Recovery % 92

NPV (7.5%) $M 770

IRR % 13.7

Payback Period Years 6.9

* Base Case metal prices are: Cu $3.00/lb, Mo $11.00/lb, Au $1200/oz, Ag $20/oz See Entrée’s news release dated September 9, 2015.

Readers are cautioned that the 2015 PEA on the Ann Mason deposit 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 2015 PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.