- OYU TOLGOI LLC JOINT VENTURE GROUND

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VANCOUVER, March 14 /PRNewswire/ - Entree Gold Inc. (TSX:ETG) (NYSE AMEX:EGI)
(Frankfurt:EKA) ("Entree" or the "Company") comments on the recent news
release by Ivanhoe Mines announcing the presence of a new zone of
shallow copper-molybdenum-gold mineralization just north of the Entree
- Oyu Tolgoi LLC ("OTLLC") joint venture ground in Mongolia.


Ivanhoe Mines Ltd. (IVN: NYSE, NASDAQ & TSX - "Ivanhoe Mines") announced
the presence of the new zone of mineralization on March 14, 2011. The
discovery, named Ulaan Khud North, extends the known Oyu Tolgoi
mineralized trend by a further three kilometres. The trend includes
the Entree-OTLLC joint venture's Heruga deposit, Hugo North Extension
deposit and Ulaan Khud zone.


Entree's President & CEO, Greg Crowe, commented, "This discovery, while
not on the Entree - OTLLC joint venture property, is located just three
kilometres north of the joint venture's Ulaan Khud zone. The strike
length of the Oyu Tolgoi mineralized system is now at least
twenty-three kilometres, of which seventeen kilometres are located
within the Entree-OTLLC joint venture ground. Less than half of the
trend has been extensively drill-tested to date. The discovery of
Ulaan Khud North is one more example of the magnitude and scale of the
trend and the excellent potential for the discovery of additional
mineralized zones."


Ulaan Khud is a near-surface copper and gold mineralized zone located
within the Entree-OTLLC joint venture ground. The Ulaan Khud zone was
originally discovered in 2006 during condemnation drilling undertaken
as part of an Earn-In Agreement under which the joint venture was
formed. Results were released on October 26, 2006, highlights of which
include Hole EGD118 (130m at 0.35% Cu and 0.11 g/t Au) and Hole EGD110
(154m at 0.34% Cu and 0.08 g/t Au).




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 and the potential for extending
known mineralized zones and discovering new mineralized zones. 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.




SOURCE Entree Gold Inc.



For further information: <p>Monica Hamm<br/> Manager, Investor Relations<br/> Entree Gold Inc.<br/> Tel: 604-687-4777<br/> Fax: 604-687-4770<br/> Toll Free: 866-368-7330<br/> E-mail: <a href="mailto:[email protected]">[email protected]</a></p>