JOINT VENTURE WORK PROGRAMS, LOOKOUT HILL, MONGOLIA

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VANCOUVER, March 17 /CNW/ - Entree Gold Inc. (TSX: ETG) (NYSE AMEX: EGI)
(Frankfurt: EKA) ("Entree" or the "Company") announces that the Entree
and Oyu Tolgoi LLC joint venture ("Entree-OTLLC Joint Venture") has
budgeted US$7 million for exploration and development work on the joint
venture ground ("Entree-OTLLC JV Ground") within the Lookout Hill
Property, Mongolia.


The work program for 2011 includes a combination of exploration and
geotechnical drilling on the Entree-OTLLC JV Ground. The exploration
team is focusing on high priority targets that could further extend the
known mineralized system with a budget of $5.5 million. The $2.1
million geotechnical drilling program is related to future development
of underground operations on the Hugo North Extension orebody.


Proposed exploration work includes approximately 16,000 metres of
drilling and is planned to focus on testing extensions to the Hugo
North Extension and the Heruga deposits. The Hugo North Extension
deposit is open for 7 kilometres to the north along the OT Trend (to
Ulaan Khud), and the Heruga deposit is open at depth, to the west, and
to the south. Additional drilling will test other geophysical targets
to the south of Heruga on the Javhlant licence.


Geotechnical drilling on the Entree-OTLLC JV Ground is planned from
surface collars, to assist OTLLC in finalizing underground development
plans on Hugo North. The work program is designed to investigate a
potential location for a fourth shaft ("Shaft 4"), including an area
just north of the Entree-OTLLC Joint Venture property boundary and
adjacent to the Hugo North Extension.


Entree's President & CEO, Greg Crowe, commented, "Advancement of the Oyu
Tolgoi mining complex is proceeding at a fast pace, and the
Entree-OTLLC JV Ground is an integral part of future planning. This is
evidenced by the focus on Shaft 4, currently planned to be sunk on the
joint venture ground to access the rich Hugo North Extension as well as
exploration programs designed to test the extension of the Heruga
deposit ten kilometres to the south."




QUALIFIED PERSON


Robert Cann, P.Geo., Entree's Vice-President Exploration, a Qualified
Person as defined by National Instrument 43-101 ("NI 43-101"), has
reviewed the technical information contained in this release.




ABOUT ENTREE GOLD INC.


Entree Gold Inc. is a Canadian mineral exploration company focused on
the worldwide exploration and development of copper and gold prospects.
The Company's flagship Lookout Hill property in Mongolia completely
surrounds the Oyu Tolgoi project of Ivanhoe Mines and the Government of
Mongolia. A portion of the Lookout Hill property is subject to a joint
venture with Oyu Tolgoi LLC, a subsidiary of Ivanhoe Mines and the
Government of Mongolia. The joint venture property hosts the Hugo North
Extension copper-gold deposit and the Heruga copper-gold-molybdenum
deposit. Excellent exploration potential remains on the joint venture
property for the discovery of additional mineralized zones.


In North America, the Company is exploring for porphyry-related copper
systems in Nevada, Arizona and New Mexico. The primary asset is the Ann
Mason property in Nevada, which hosts an inferred mineral resource
estimate and considerable potential for additional targets.


The Company is also seeking additional opportunities to utilize its
expertise in exploring for deep and/or concealed ore deposits. With a
treasury of approximately CAD$21 million, the Company is well-funded
for future activities. Rio Tinto and Ivanhoe Mines are major
shareholders of Entree, holding approximately 13% and 12% of issued and
outstanding shares, respectively.







This News Release contains forward-looking statements and
forward-looking information (together, "forward-looking statements")
within the meaning of applicable securities laws and the United States
Private Securities Litigation Reform Act of 1995, with respect to the
interpretation of exploration results, the potential for extending
known mineralized zones and discovering new mineralized zones, the
potential for expanding and upgrading existing resource estimates, and
planned exploration programs and budgets. These forward-looking
statements are made as of the date of this news release. Users of
forward-looking statements are cautioned that actual results may vary
from the forward-looking statements contained herein. 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 the Company's future performance
and are subject to 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. Such
factors and assumptions include, among others, the effects of general
economic conditions, the prices of gold and copper, changing foreign
exchange rates and actions by government authorities, uncertainties
associated with legal proceedings and negotiations and misjudgements in
the course of preparing forward-looking statements. In addition, there
are known and unknown risk factors which could cause the Company's
actual results, performance or achievements to differ materially from
any future results, performance or achievements expressed or implied by
the forward-looking statements. Known risk factors are described in the
Company's Amended and Restated Annual Information Form for the
financial year ended December 31, 2009, dated November 2, 2010 filed
with the Canadian Securities Administrators and available at http://www.sedar.com/">www.sedar.com. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. 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. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company is under no obligation to
update or alter any forward-looking statements except as required under
applicable securities laws.




For further information:

Monica Hamm Manager, Investor Relations Entree Gold Inc. Tel: 604-687-4777 Fax: 604-687-4770 Toll Free: 866-368-7330 E-mail: [email protected]