Entrée Resources Announces First Quarter 2026 Results and Provides Corporate Update

About this update from Entree Resources Ltd

VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its interim financial results for the first quarter ended March 31, 2026. All numbers are in U.S. dollars unless otherwise noted. Q1 2026 HIGHLIGHTS Entrée/OTLLC JV Licence Matters State Interest in Area of Licences Entrée/Oyu Tolgoi JV Property Update Oyu Tolgoi Underground Mine UpdateThe Oyu Tolgoi project in Mongolia includes the Oyu Tolgoi mining licence which is 100% owned and held by OTLLC and the Entrée/Oyu Tolgoi JV property (the “Entrée/Oyu Tolgoi JV Property”) which is beneficially owned by the Entrée/Oyu Tolgoi JV participants. Rio Tinto International Holdings Ltd. (“Rio Tinto”) owns 66% of OTLLC and is the manager of operations at Oyu Tolgoi. Corporate CORPORATE UPDATEThe Company today announces that Stephen Scott, President and CEO, has informed the Board of Directors (the “Board”) of his intention to retire during the second half of 2026, following more than 10 years with the Company. The Board of Directors has initiated a process to identify Entrée’s next CEO. Mr. Scott will continue to serve in his current role while the Board conducts the search. Mr. Scott has also agreed to support the incoming CEO in an advisory capacity, as needed, following his retirement, to help ensure a smooth and orderly leadership transition. The Company will provide an update regarding the succession process in due course. OUTLOOK AND STRATEGYArbitration Award and Transfer of Entrée/Oyu Tolgoi JV LicencesOn December 19, 2024, a partial final award (the “Award”) was made by the three-member international arbitration Tribunal appointed in connection with the Company’s binding arbitration proceedings against OTLLC and Turquoise Hill Resources Ltd. (together, the “Respondents”). The Tribunal ruled in favor of the Company on all issues and dismissed the Respondents’ counterclaims. A principal objective of the Company is to affect the transfer of the Licences from the Company’s Mongolian subsidiary Entrée LLC to OTLLC in accordance with applicable laws of Mongolia as the next step in the implementation of the Award. Transfer of the Licences to OTLLC, as Manager and owner of an 80% (or 70% depending on the depth of mineralization) participating interest in the Entrée/Oyu Tolgoi JV Property, is necessary to enable Lift 1 ...

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