May 17, 2010 (Baystreet.ca) --
posted first-quarter net loss of $858,000 or $0.01 per share, compared with a net income of $681,000 or $0.01 per share in the prior year period. For the quarter, exploration and operating expenses amounted to $569,000 compared to $438,000 in the same quarter last year. Including capitalized exploration costs and excluding writeoffs, exploration expenses were $793,000, down from $843,000 in the year-ago period. Erdene Resource Development Corp.