In the Company of Giants

Entre Gold at Oyu Tolgoi Headframe

Rio Tinto Bingham Canyon Entre JV Discovery Hole

January 2012

Cautionary Statement
This corporate update contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forwardlooking information within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, the future price of gold, copper and molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, cost and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital and government regulation of mining operations. While Entre Gold Inc. (Entre or 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 Companys 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, amongst others, the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking statements. In addition, there are also known and unknown risk factors which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors are described in the section entitled Risk Factors in the Companys Annual Information Form dated March 25, 2011 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. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements. The Company's exploration activities are under the supervision of Robert Cann, P.Geo., Vice President, Exploration of Entre. Mr. Cann is a qualified person as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects (NI 43-101). Except where otherwise noted, Mr. Cann is also responsible for the preparation of technical information contained in this corporate update. All minerals reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Cautionary Note to United States Investors: United States investors are advised that while the terms measured mineral resources, indicated mineral resources inferred mineral resources and probable mineral reserves are recognized and required by Canadian regulations, the United States Securities and Exchange Commission (SEC) does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be upgraded to a higher category, or converted into mineral reserves. Inferred mineral resources have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally minable. Disclosure of contained ounces is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this corporate update containing descriptions of the Companys mineral properties may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. The information in this corporate update is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entre. This information is not intended to be, and should not be construed as, part of an offering or solicitation of securities. Note 1: See the technical report titled "Lookout Hill Property Technical Report" dated June 9, 2010 prepared by AMEC Minproc Limited, a copy of which is available on SEDAR at www.sedar.com. Note 2: Ann Mason is estimated to contain an inferred resource of 810.4 million metric tonnes grading 0.40% copper, using a 0.30% copper cut-off. Accompanying molybdenum is estimated at 165.9 million metric tonnes at a grade of 0.01% molybdenum. Based on these figures, the Ann Mason deposit contains approximately 7.1 billion pounds of copper. See the technical report titled NI 43-101 Compliant Technical Report on the Ann Mason Property, Nevada, USA with an effective date of March 11, 2011 prepared by Wardrop Engineering Inc. and Robert Cann, P.Geo., Entres Vice President, Exploration, a copy of which is available on SEDAR at www.sedar.com.

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On the Path to Production

Development at Oyu Tolgoi Construction 75% Complete

Mongolia

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On the Path to Production

Yerington
Yerington Pit

Rapidly Advancing Ann Mason Project

United States

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Corporate Strategy

Striking the balance between opportunity and risk

United States
100% Entre
Ann Mason Blue Hill

Mongolia
Entre-OTLLC JV
Hugo North Extension Heruga

Earn-In Agreement
Roulette

100% Entre
Shivee West

Cu-Mo

Cu-Au-Mo

Grass Roots Exploration

United States Mongolia Australia Peru
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Resources

*CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 compliant.

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Strategic Partners

Rio Tinto (13%)* 49% of Ivanhoe

Standstill until January 2012 Commitment >US$3.7 billion

Ivanhoe Mines (11%)* Oyu Tolgoi, Mongolia Entre-OTLLC JV

US$35,000,000 JV earn-in >US$54 million to date Entre 20% - Ivanhoe 80% (deep) Entre 30% - Ivanhoe 70% (shallow)

Carried to production
*Issued & Outstanding

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Shareholder Base Fully Diluted

12%

10%

8% 7%

56% Held by top 13 Shareholders

4% 4%

2%

2%

2% 1% 1% 1% 1%

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Board of Directors

Greg Crowe James Harris

President & CEO, Director Chairman, Director

Michael Howard
Lindsay Bottomer

Deputy Chairman, Director

VP Business Development, Director

Peter Meredith
Mark Bailey

Director
Director

Alan Edwards

Director

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Financial Information

Treasury (As of September 30, 2011)

Gross proceeds from sale of Togoot and Financing

~Cdn$11 million
~Cdn$16 million

Issued and Outstanding

Options - 10,900,000 (Average price ~Cdn$1.98)

128,300,000

Fully Diluted 52 week High / Low Analyst Coverage

139,200,000
Cdn$3.35 / $1.05 TD Newcrest Hallgarten & Co. LLC

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Growth Through Exploration

Mongolia

New gold zone discovered on Shivee West in 2011 Ongoing drilling on JV property

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Shivee Tolgoi - Oyu Tolgoi Trends

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Growth Through Exploration & Acquisitions

Mongolia USA

New gold zone discovered at Shivee West in 2011 Ongoing drilling on JV property Drilling at Ann Mason, NV Drill permits at Oak Grove (pending) and Lordsburg, NM
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Entree Gold - USA

USA

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Properties
Yerington, Nevada

USA

Rated No. 1 mining jurisdiction in USA

Underdeveloped camp with significant Cu

No major company involvement Yerington Mine
Produced 1.8 billion lbs Cu (1918-1982)

Pumpkin Hollow - Nevada Copper

5.9 billion lbs Cu @ 0.55% (M&I)
(0.2% Cu cut-off)

Entre Prospects
Blackjack
Roulette Minnesota Shamrock

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Yerington Property

Ann Mason 100% Entre

7.1 billion lbs Cu inferred
810 Mt @ 0.40% Cu
0.3% Cu cut-off
(10.6 billion lbs Cu inferred 1410 Mt @ 0.34% Cu 0.2% Cu cut-off)

Additional 2012 drill targets

Blue Hill Roulette

Recent updates
650 m of 0.39% CuEq 988 m of 0.38% CuEq
(EG-AM-11-010)*

Includes intervals >0.6% CuEq

(EG-AM-10-001)**

Mineralization extended 325m

See Note 2 of Cautionary Statement. Figures are NI 43-101 compliant. * See news release dated Sept.6, 2011.

** See news release dated Feb. 7, 2011.

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Properties
Arizona New Mexico

USA

Partners: Empirical Discovery

Explore for buried porphyry Cu-Mo targets
Proprietary geophysical techniques Four properties drilled

Entre discovery at Lordsburg

Intercepts to 0.44% CuEq* over 60 m

Further exploration planned

Other targets
Oak Grove

* Copper equivalent estimated using US$1.35/lb Cu and US$650/oz Au. See news release dated Oct. 8, 2011.

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Porphyry Copper Deposits

Western North America

0.5
Ann Mason, NV 810 Mt

Rosemont, AZ 543 Mt
Mount Milligan*, BC 707 Mt

Safford, AZ 243 Mt

Carlota, AZ 64 Mt

% Copper

0.4 0.3 0.2

Copper Mountain, BC 233 Mt

Highland Valley Copper, BC Gibraltar, BC 440 Mt 460 Mt Morenci, AZ 3200 Mt

Tyrone, NM 180 Mt

0.1

* Copper equivalent

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Mongolia

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Oyu Tolgoi Trend

0.9% CuEq

2.2% CuEq

See Note 1 of Cautionary Statement. Figures are NI 43-101 compliant. IVN IDP 10 and ETG Technical Report - www.SEDAR.com The mineral reserves are not additive to the mineral resources. Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cutoff was used.

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Resources
20% Carried Interest

Hugo North Extension

Cu-Au
Probable Mineral Reserves* Indicated Resources**

Cu-Au-Mo

Heruga

27Mt ore
1.85% Cu and 0.72 g/t Au 1B lbs Cu / 0.53M oz Au

5.6B

lbs CuEq

117 million tonnes*** - 1.8% Cu, 0.61 g/t Au 4.6B lbs Cu / 2.3M oz Au

Inferred Resources**

2.8B

lbs CuEq

17.4B

lbs CuEq

95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au 2.4B lbs Cu / 0.95M oz Au

910 million tonnes*** 0.48% Cu, 0.49 g/t Au, 0.014 % Mo 9.6B lbs Cu / 14M oz Au
HUGO NORTH EXTENSION

See Note 1 of Cautionary Statement. Figures are NI 43-101 compliant. IVN IDP 10 and ETG Technical Report - www.SEDAR.com * The mineral reserves are not additive to the mineral resources. ** Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. *** 0.6% CuEq cutoff. HERUGA

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Exploration Potential - Entre OTLLC JV

Over 17 km of the 27 km mineralized OT Trend

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Argo and Zone III Gold Targets

Shivee West Argo Zone
Surface Sampling

42.4 g/t Au over 4 m 19.3 g/t Au over 3 m

Drilling

1.82 g/t Au over 14 m (hole 112)

including 9.32 g/t Au over 2 m

2.21 g/t over 3 m (hole 111)

Zone III
Drilling

2.08 g/t Au over 8 m (hole 123)

including 5.60 g/t over 2 m

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Increased Shareholder Value

Growth of Copper Assets
12

10

Billions (lbs)

Nevada
Ann Mason

6
7.1B lb Cu 4

Mongolia
2
Includes HNE Mineral Reserves

(with 0.5 M oz Au)

1.1B lb CuEq* Indicated

(with 3 M oz Au)

4.1B lb CuEq*

Inferred 24

*CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 Compliant.

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Shaping the Company

$4.00 $400

Share price
$3.50

Mineralization Extended at Ann Mason BMO Financing Heruga Deposit Discovery IA/Updated Heruga Resource Investment Agreement Signed Oct 6, 2009 Windfall Tax Abolished Effective Jan 2011

Market capitalization
Windfall Tax/ Falling Metal Prices

$350

Market capitalization

$3.00

$300

Share Price

Rio-IVN Warrants

$2.50

Rio-IVN PP

$250
IDP

$2.00 Hugo North

Extension PacMag Acquisition

Financing; Rio Exercises Pre-Emptive Rights

$200

($ Millions)

$1.50
IVN Deal Mongolian Election June 2008

$150

$1.00
Rio Invests in IVN

$100

$0.50

$50

Volume (Thousands)

$0.00
2,500 2,000 1,500 1,000 500 0

$0

2004

2005

2006

2007

2008

2009

2010

2011

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Going Forward

United States
Ann Mason

Drilling 2012

Mongolia
Joint Venture

Drilling by partners 2012

Resource update and PEA

Development and exploration to 2016

First Development Production 2016* Production HNE and Heruga to post 2070*

US Exploration Drilling

Oak Grove
Lordsburg

Shivee West Drilling gold targets 2012

*Per IDP-10

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Building Shareholder Value

Value
Lookout Hill
1.1B lbs CuEq Indicated 4.1B lbs CuEq Inferred

Growth
OT Production Increasing demand for copper and gold Advance Ann Mason
Exploration Blue Sky Potential

Ann Mason
7.1B lbs Cu Inferred

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Monica Hamm Manager Investor Relations mhamm@entreegold.com - 604-687-4777 - www.entreegold.com TSX:ETG | NYSE AMEX:EGI | FRANKFURT:EKA

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