ERD Erdene Resource Development Corporation New

Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased
to announce that it has closed its non-brokered private placement financing with
the issuance of 9,797,500 units (the "Units") priced at $0.07 per Unit for gross
proceeds of $685,000. The $500,000 private placement previously announced on
October 18th, 2013 was oversubscribed and was increased to the maximum to
satisfy strong investor demand. Each Unit is comprised of one common share of
the Company and one-half of one common share purchase warrant, with each whole
common share purchase warrant entitling the holder to purchase one common share
of the Company at a price of $0.10 for a 24-month period. 


All securities issued pursuant to the private placement are subject to a four
month hold period. No commissions or finder's fees will be paid in connection
with the placement. Net proceeds of the private placement will be used to
advance the Company's projects in Mongolia and for general working capital. For
more details on Erdene's projects please visit Erdene's website at
www.erdene.com.


Teck Resources Limited ("Teck") has subscribed for 2,142,857 Units of the
private placement for a total of $150,000, bringing Teck's holdings of Erdene's
outstanding common shares to 10.4%. This investment will reduce the minimum
amount of additional equity investment required to be made by Teck on or before
April 23rd, 2014 from $500,000 to $350,000 in order to maintain the Strategic
Alliance between Teck and Erdene (see April 11th, 2013 Erdene press release -
Erdene Establishes Strategic Alliance in Mongolia). 


About Erdene 

Erdene Resource Development Corp. is a Canada-based resource company focused on
the acquisition, exploration, and development of base and precious metals in
underexplored and highly prospective Mongolia. For further information on the
Company, please visit www.erdene.com. Post issuance from this transaction,
Erdene has 68,582,813 issued and outstanding common shares and, a fully diluted
position of 81,791,739 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. Erdene 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
Phone: (902) 423-6419
E-mail: info@erdene.com
www.erdene.com

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