Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased
to announce that it has commenced an exploration program at its wholly owned
Altan Nar gold-polymetallic project in southwest Mongolia to further define the
near-surface mineralization identified to date and prioritize new areas for the
next phase of resource drilling. The Company is also pleased to report that on
October 3rd the Mongolian Parliament approved a new Investment Law that will
provide much greater stability in the taxation and legal regulatory system of
Mongolia.


"The discoveries by our Company over the past two years in the Altan Nar area
have established a new epithermal gold district in southwestern Mongolia. The
objective now is to establish initial targets for open pit development at Altan
Nar while continuing to explore this large area at surface and at depth where
high-grade, gold-polymetallic shoots have been identified," said Peter Akerley,
President and CEO. "The passing of the new Investment Law brings welcomed
stability to the regulatory framework of Mongolia and confidence to more rapidly
develop this exciting new project."


Altan Nar Gold - Polymetallic Project

The Altan Nar prospect is an extensively mineralized epithermal system
consisting of steeply-dipping, gold-polymetallic breccias and veins across a 5.5
by 1.5 kilometre mineralized corridor. To date, field mapping, geochemical and
geophysical surveys, 8,207 metres of drilling, metallurgical studies, and the
evaluation of conceptual early development scenarios have been completed since
discovery by Erdene in late 2011. The areas tested by drilling represent a small
portion of the total target areas as defined by mapping, geochemical and
geophysical surveys. The objective of this exploration program is to further
define the near-surface mineralization, an important step in establishing the
initial resource, and prioritizing new areas for the next phase of resource
drilling. These targets, as outlined in the Company's corporate presentation,
will be the focus of approximately 1,200 metres of trenching and stripping. In
addition, mapping of alteration zone mineralogy in exposed areas and drill core
will be completed using the TerraSpec Mineral Analyzer. 


The exploration data generated by this program will also be used to develop
conceptual plans for initial open pit development. The program will test a
minimum of ten targets on the Altan Nar licence. The highest priority targets
currently include the Discovery Zone ("DZ") North prospect where multiple drill
holes have intersected a zone of mineralization that extends to surface and the
newest drilling discovery, Union North, which returned multiple gold mineralized
zones within 50 metres of surface, including 9 metres averaging 4.4 g/t gold.
Union North is located over one kilometre northwest of DZ North. 




----------------------------------------------------------------------------
                                    Average                                 
Area                          True Width (m)  Au g/t  Ag g/t    Pb %    Zn %
----------------------------------------------------------------------------
DZ North                                  18     1.9      12     0.7     0.6
----------------------------------------------------------------------------
Union North (1km NNW from DZ)             14     3.1       9     0.6     0.6
----------------------------------------------------------------------------
DZ South (200m SW from DZ                                                   
 North)                                   14     1.4      17     0.4     0.5
----------------------------------------------------------------------------



Each of these targets has potential for development of high-grade,
gold-polymetallic zones at depth. Drilling has been limited to a maximum
vertical depth of 250 metres with multiple, often closely spaced, parallel,
high-grade gold-polymetallic veins intersected:




----------------------------------------------------------------------------
                       From             Width     Au       Ag               
Area        Hole #      (m)  To (m)       (m)  (g/t)    (g/t)   Pb %    Zn %
----------------------------------------------------------------------------
DZ North    TND-37      144     145         1   11.7      102    4.5     5.3
----------------------------------------------------------------------------
DZ North    TND-38      121     124         3   13.1       67    1.0     0.7
----------------------------------------------------------------------------
DZ North    TND-40       73      75         2    9.9       35    1.6     1.5
----------------------------------------------------------------------------
DZ North    TND-50      111     112         1    8.1       38    2.7     1.0
----------------------------------------------------------------------------
DZ North    TND-58      266     267         1   12.6       19    1.6     1.4
----------------------------------------------------------------------------
DZ South    TND-19      133     134         1    7.6      250    0.2     0.5
----------------------------------------------------------------------------
DZ South    TND-19      144     147         3   16.1       12    0.2     0.9
----------------------------------------------------------------------------
DZ South    TND-19      150     151         1   14.3       22    0.2     1.2
----------------------------------------------------------------------------
Union                                                                       
North       TND-46       58      59         1    8.5       17    1.9     0.6
----------------------------------------------------------------------------
Union                                                                       
North       TND-46       62      63         1   15.3       23    1.2     1.0
----------------------------------------------------------------------------
Union                                                                       
South       TND-29      120     121         1   10.9       10    0.8     2.5
----------------------------------------------------------------------------



New Mongolia Investment Law

On October 3rd, 2013, 83% of Mongolia's Parliament members voted to approve a
new law on investment ("Investment Law"). The Investment Law removes
restrictions on approval of investments by foreign private investors in key
sectors of the economy including mining, and includes stabilisation of tax
periods based on the investment amount and the location within the Country,
setting tax rates for between five to 15 years.


Deferred Share Units Granted

On September 30th, 2013, the Company granted a total of 723,249 Deferred Share
Units ("DSU") at $0.09 per share to certain officers, directors and employees of
the Company. As previously announced, in order to reduce cash outflows and
eliminate certain future commitments, the Company is utilizing the DSU program
to more closely align the Company's compensation plan with shareholder
expectations.


Qualified Person

J.C. (Chris) Cowan, P.Eng. (Ontario), VP Asia for Erdene, is a Qualified Person
as that term is defined in National Instrument 43-101 and has reviewed and
approved the technical information contained in this news release. All samples
have been assayed at SGS Laboratory in Ulaanbaatar, Mongolia. In addition to
internal checks by SGS Laboratory, the Company incorporates a QA/QC sample
protocol utilizing prepared standards, blanks and duplicates.


About Erdene 

Erdene Resource Development Corp. is a Canada-based junior resource company
focused on the acquisition, exploration, and development of base and precious
metals in Mongolia. For further information on the Company, please visit
www.erdene.com.  Erdene has 58,785,299 issued and outstanding common shares and,
a fully diluted position of 67,108,965 common shares. 


Forward-Looking Statements

Certain information regarding Erdene contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not statements of
fact. Although Erdene believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Erdene cautions that actual
performance will be affected by a number of factors, most of which are beyond
its control, and that future events and results may vary substantially from what
Erdene currently foresees. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration results, continued availability of capital and
financing and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as of the
current date and is subject to change after that date. The Company does not
assume the obligation to revise or update these forward-looking statements,
except as may be required under applicable securities laws.


NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASE

FOR FURTHER INFORMATION PLEASE CONTACT: 
Erdene Resource Development Corp.
Peter C. Akerley, President and CEO


Ken W. MacDonald
Vice President Business Strategy and CFO
(902) 423-6419
info@erdene.com
www.erdene.com / Twitter: @ErdeneRes
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