Erdene Resource Development Corp. provided an update on fourth quarter of 2017 exploration results for its regional gold projects in the vicinity of the Company's Bayan Khundii Gold Project in southwest Mongolia. Results from 2017 geological mapping identify numerous zones of siliceous and vuggy residual quartz, intense argillic alteration, and anomalous gold within a 3 by 6 km area spanning the central part of the Bayan Khundii/Altan Arrow license. Altan Arrow prospect further defined as a 0.5 by 1 km target area adjacent to a major northeast-trending extensional fault containing multiple zones of epithermal quartz veining with rock chip and trench results returning several samples in the 5 g/t to 57 g/t gold range. Fourth quarter drilling has returned the high grades to date at Altan Arrow and demonstrated continuity of a high-grade gold zone south of the main Altan Arrow structure with 70 g/t gold over 2 metres (AAD-12). Fourth quarter drilling of a new target area 200 metres southwest of the main Altan Arrow structure and 300 metres west of AAD-12 returned 39 g/t gold over 1 metre, near-surface. The Khundii North target, 2.5 km east of Altan Arrow, has now been traced over 1 km through gold in soils and rock chips with values up to 22 g/t gold. Fourth quarter drilling at Altan Nar included three holes and confirmed continuity of gold- polymetallic mineralization at the Maggie prospect and identified gold mineralization associated with subsidiary structures at the Discovery Zone. A detailed exploration program was also completed at the neighbouring Ulaan Copper- Gold Project over the entire license area, consisting of geological mapping, prospecting, rock chip sampling, grid soil geochemical sampling, and induced polarization survey.