ENTRÉE RESOURCES PROVIDES UPDATE ON ENTRÉE/OYU TOLGOI JV NEGOTIATIONS

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[{"type":"text","content":"\n \n \n \n ENTRÉE RESOURCES PROVIDES UPDATE ON ENTRÉE/OYU TOLGOI JV NEGOTIATIONS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 17, 2023\n \n \n /CNW/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the \"\n \n Company\n \n \" or \"\n \n Entrée\n \n \") wishes to respond to comments made by its joint venture partner Oyu Tolgoi LLC (\"\n \n OT LLC\n \n \") and Rio Tinto at an investor site visit to the Oyu Tolgoi copper mine in\n \n Mongolia\n \n on\n \n July 11, 2023\n \n . During the Q&A session when asked about the Entrée/Oyu Tolgoi joint venture, representatives of OT LLC and Rio Tinto stated that the parties were \"nearing the close of the negotiations\", and \"finalizing the final touches on the definitive agreement\". The transcript of the Q&A session has been made available to the markets via Rio Tinto's website.\n \n \n As previously disclosed, Entrée has been engaged in negotiations with OT LLC and Rio Tinto to amend or restructure the joint venture agreement (\"\n \n Entrée/Oyu Tolgoi JVA\n \n \") that has governed the relationship between the parties since 2008 and transfer the Shivee Tolgoi and Javhlant mining licenses to OT LLC as contemplated in the Entrée/Oyu Tolgoi JVA. The Company believes that amending or restructuring the Entrée/Oyu Tolgoi JVA to align the interests of all stakeholders would be in the best interests of the Company and its shareholders, provided there is no material net erosion of value to Entrée.\n \n \n While the parties have made good progress, several key items still need to be resolved before any definitive agreement could be finaliz...

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