Erdene Resource Development Corp. (TSX: ERD; MSE: ERDN) ("Erdene" or the "Company") is pleased to announce the close of the second stage of the Strategic Alliance with Mongolian Mining Corporation (“MMC”), to provide an update on the Bayan Khundii (“BK”) Gold Project development and exploration in the Khundii Minerals District (“KMD”), and to report operating and financial results for the quarter ended March 31, 2023. This release should be read in conjunction with the Company’s Q1 2023 Condensed Consolidated Interim Financial Statements and MD&A, available on the Company’s website and SEDAR. 

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