Erdene Resource Development Corp provided a progress update on the Company's wholly owned Zuun Mod molybdenum project in Mongolia. Extensive metallurgical, engineering and design work, as well as additional drilling, have been underway since the release of a resource estimate in May 2008.

Mr Peter Akerley president & CEO of Erdene Resource said that "Our progress has proven Zuun Mod to be a large metals deposit, one which continues to expand with each round of drilling, which provides us greater flexibility in the mine design and optimization.”

He added that “Results of the expanded drilling will be incorporated in the preliminary assessment currently underway, which upon completion will form the basis for a decision to advance to feasibility level studies. We also believe the new drilling results released today, along with additional results pending, will have a significant impact on the current Zuun Mod resource estimate."

The Zuun Mod molybdenum project is located 200 kilometers from China's border. Based on 2007 drilling results, the initial resource estimate was issued by Minarco-MineConsult in May 2008. The resource averages 0.05% Mo which includes 272 million pounds of Mo in the Measured and Indicated category and a further 51 million pounds of Mo in the Inferred category.