Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) announced the acquisition of a 100% interest in the Ulaan exploration license, adjacent to its Bayan Khundii Gold deposit, with the purchase of the remaining 49% interest in Leader Exploration LLC, a private Mongolian company.

The Ulaan license hosts a very large hydrothermal alteration system, consistent with a porphyry system eroded to just below the base of a lithocap with the following attributes:

• Intense phyllic (quartz-sericite-pyrite) alteration over an area 3 kilometres in diameter
• Peripheral gold-copper mineralization associated with tourmaline breccia
• Gold identified in quartz veins within illite altered volcanics adjacent to the phyllic zone

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