2011
Entr�e Gold Appoints New CFO
Vancouver, B.C.,
January 21, 2011 � Entr�e Gold Inc. (TSX:ETG; NYSE AMEX:EGI;
Frankfurt:EKA � �Entr�e� or the �Company�) is pleased to announce that it has
appointed Bruce Colwill, C.A. as its Chief Financial Officer effective
February 1, 2011.
�We welcome Bruce to Entr�e, and look forward to a long and productive
relationship with him,� commented Greg Crowe, Entr�e�s President & CEO.
�Bruce will be an integral part of our executive team as we advance our
current projects and seek to grow the Company in the future.�
Mr. Colwill has over 20 years of experience with public and private
companies, in a variety of sectors including oil and gas, biotech, financial
services and manufacturing. Most recently, Mr. Colwill served as Chief
Financial Officer of Transeuro Energy Corp., a public oil and gas company.
Between 2001 and 2009, Mr. Colwill served as Chief Financial Officer of
Neuromed Pharmaceuticals Ltd. Mr. Colwill began his career with KPMG, first
in Canada and then in Poland.
Hamish Malkin will step down from the position of CFO effective January
31, 2011, although he will continue to provide consulting services during a
transition period. Entr�e wishes to acknowledge Mr. Malkin�s service to the
Company over the last seven years. Greg Crowe commented, �Hamish has been
with us since the early days in 2003, and has helped us grow from a market
capitalization of less than $2 million to over $300 million. We offer our
thanks and wish him well in his future endeavours.�
ABOUT ENTR�E GOLD
INC.
Entr�e Gold Inc. is a Canadian mineral exploration company focused on the
worldwide exploration and development of copper and gold prospects. The
Company�s flagship Lookout Hill property in Mongolia completely surrounds the
8,500-hectare Oyu Tolgoi project of Ivanhoe Mines. A portion of the Lookout
Hill property is subject to a joint venture with Ivanhoe Mines, through its
subsidiary Oyu Tolgoi LLC. The joint venture property hosts the Hugo North
Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit.
Excellent exploration potential remains on the joint venture property for the
discovery of additional mineralized zones.
In North America, the Company is exploring for porphyry-related copper
systems in Nevada, Arizona and New Mexico. The primary asset is the Ann Mason
property in Nevada, which contains an inferred mineral resource and
considerable potential for additional targets.
The Company is also seeking additional opportunities to utilize its
expertise in exploring for deep and/or concealed ore deposits. Rio Tinto and
Ivanhoe Mines are major shareholders of Entr�e, holding approximately 13% and
12% of issued and outstanding shares, respectively.
FURTHER INFORMATION
Monica Hamm - Manager, Investor Relations
Entr�e Gold Inc.
Tel: 604-687-4777
Fax: 604-687-4770
Toll Free: 866-368-7330
E-mail: mhamm@entr�egold.com
This
news release contains forward-looking statements and forward-looking
information (together, �forward-looking statements�) within the meaning of
applicable securities laws and the United States Private Securities
Litigation Reform Act of 1995, with respect to exploration results and
interpretation, future work programs and the potential for the discovery of
mineralization on the Company�s properties. These forward-looking statements
are made as of the date of this news release. Users of forward-looking
statements are cautioned that actual results may vary from the
forward-looking statements contained herein. While the Company has based
these forward-looking statements on its expectations about future events as
at the date that such statements were prepared, the statements are not a
guarantee of the Company�s future performance and are subject to risks,
uncertainties, assumptions and other factors which could cause actual results
to differ materially from future results expressed or implied by such
forward-looking statements. Such factors and assumptions include, among
others, the effects of general economic conditions, the prices of gold and
copper, changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and negotiations
and misjudgments in the course of preparing forward-looking statements. In
addition, there are known and unknown risk factors which could cause the
Company�s actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or implied by
the forward-looking statements. Known risk factors are described in the
Company�s Amended and Restated Annual Information Form for the financial year
ended December 31, 2009, dated November 2, 2010 filed with
the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted
to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance
that forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company is under no obligation to update or
alter any forward-looking statements except as required under applicable
securities laws.
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