Entree Gold Provides Mongolia Licences Update, Says Licences Not Cancelled, But Some Issues Must be Resolved: "Entree Gold Inc. (ETG.TO) advises that, contrary to reports in the media, the Oyu Tolgoi LLC-Entree Gold joint venture mining licences have not been cancelled. The Company has today received official notification from the Mineral Resources Authority of Mongolia advising the Company that, while the joint venture mining licenses MV-15225A and MV-15226A have not been revoked, Order No. 167 issued on July 10, 2009 by the Ministry of Mineral Resources and Energy has been cancelled. This Order concerned the registration of reserves related to the joint venture deposits which is one step in the process to convert an exploration licence to a mining licence. Order No. 167 was not concerned with issuing of the mining licences.
The Company understands that the joint venture mining licenses MV-15225A and MV-15226A have been put under suspension for a temporary period. This suspension means that Entree is not allowed to sell or transfer the licences for the time being."
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