May 2015

Lukkacha Property Peru

May 2016 TSX: ETG | NYSE MKT: EGI | FRANKFURT: EKA

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Cautionary Statement This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements with respect to obtaining a Supreme Decree from the Peruvian government authorizing exploration; potential mineralization; plans for future exploration programs and budgets; and anticipated business activities. In certain cases, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" "will be taken", "occur" or "be achieved". While 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 Entrée’s 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 and information. Such factors and assumptions include, amongst others, the effects of general economic conditions, changing foreign exchange rates and actions by government authorities; the availability of funding on reasonable terms; the impact of changes in interpretation to or changes in enforcement of, laws, regulation and government practices, including laws, regulation and government practices with respect to mining, foreign investment, royalties and taxation; the terms and timing of obtaining necessary environmental and other government approvals, consents and permits; the availability and cost of necessary items such as power, water, and appropriate smelting and refining arrangements; 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 Entrée to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements and information. Such factors include, among others, risks related to international operations; risks associated with changes in the attitudes of the governments to foreign investment; global financial conditions; future prices of copper, gold, silver and molybdenum; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining government approvals, permits or licences or financing or in the completion of development or construction activities; environmental risks; title disputes; limitations on insurance coverage; as well as those factors discussed in the section entitled "Risk" in the Company’s most recently filed Management’s Discussion and Analysis and in the Company’s Annual Information Form for the financial year ended December 31, 2015, dated March 30, 2016 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 and information, 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 and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements. Entrée Gold's exploration activities are under the supervision of Robert Cinits, P.Geo., Vice President, Corporate Development of Entrée. Mr. Cinits is a “qualified person” as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Cinits has approved the technical information in this presentation. The information in this presentation is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entrée Gold. This information is not intended to be, and should not be construed as, part of an offering or solicitation of securities. Unless otherwise noted, all dollar amounts in this presentation are expressed in United States dollars.

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Entrée Gold: Creating Value on a Global Scale

Lordsburg

Shivee West

Blue Rose Lukkacha

Ann Mason Deposit Blue Hill Deposit Hugo North Extension

Heruga

Nevada USA Mongolia

Gobi Desert

Australia

New Mexico

Peru

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Grassroots porphyry target within the Paleocene-Eocene southern Peru - northern Chile Copper Porphyry Belt

Possibility of enriched secondary copper sulphides in addition to primary mineralization

Geological similarities to nearby Toquepala deposit

Road accessible and moderate elevation

Lukkacha - Strategic Peruvian Asset

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Lukkacha, Peru

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The Peruvian Advantage

Long track record of mining activity

Large high-quality

metals reserves Many global

giants operating

Secure title to mining lands

Reasonable tax regime

Attractive power costs

Qualified manpower and

services

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Peru Mining 2015

Copper Third largest

world producer

Mines include: Antamina

(Glencore, BHP, Teck, Mitsubishi)

Cerro Verde (Freeport-McMoRan, Buenaventura, Sumitomo Metal, Sumitomo Corp.)

Cuajone (Southern Copper)

Antapaccay (Glencore)

Toquepala (Southern Copper)

Gold Fifth largest

world producer

Mines include: Yanacocha

(Newmont, Buenaventura)

Lagunas Norte (Barrick)

La Arena (Tahoe)

Orcopampa (Buenaventura)

Aruntani (Aruntani)

Poderosa (Arias Group)

Silver Third largest

world producer

Mines include: Uchucchacua

(Buenaventura)

Antamina (Glencore, BHP, Teck, Mitsubishi)

Yauli (Volcan)

Pallancata (Hochschild Mining)

Chungar (Volcan)

Arcata (Hochschild Mining)

Sources: U.S. Geological Survey, Mineral Commodity Summaries, January 2016; SNL

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Lukkacha Ownership

Conditional agreement with Rustica Claudia

Subject to obtaining a Supreme Decree because of proximity to international border with Chile

Entrée may initially earn 70% interest in property through cash payments, and exploration spending including a minimum of 6,000 m of diamond drilling

Entrée may further acquire 30% interest through additional cash payments and vendors would retain a 2% NSR royalty, half of which may be purchased at any time for US$1 million

Exploration access and water agreement with local community

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Southern Peru Copper Belt

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Regional Geologic Trends

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Lukkacha Property

Lukkacha Property

Rustica Claudia 3

RC-7 Rustica Claudia 1

RC-6

Rustica Claudia 2

Rustica Claudia 4

Rustica Claudia 5

Main Target Area

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Lukkacha Property Terrain

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Intense Veining at Lukkacha

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Moderate to strong quartz veining with argillic and phyllic alteration, the latter

appear to overprint the former

Close-up of Intense Veining

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Tourmaline Breccia at Lukkacha

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Rock Geochemistry

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The Rt Honourable Lord Howard of Lympne – Chairman

Stephen Scott Alan R. Edwards James L. Harris

Mark H. Bailey Gorden Glenn Anna Stylianides

Stephen Scott – President and CEO President and CEO effective April 1, 2016; more than 25 years global experience, including various executive positions with Rio Tinto between 2000 and 2014.

Duane Lo – Interim CFO Interim CFO effective April 1, 2016; former Executive Vice President and CFO of Luna Gold Corp. and Corporate Controller for First Quantum Minerals Ltd.

Susan McLeod – VP Legal Affairs Former legal counsel at Fasken Martineau DuMoulin LLP and P. MacNeill Law Corp.

Robert Cinits – VP Corporate Development Former COO of MinCore Inc. and Principal Geologist and Head of the Mining/Geology Group at AMEC (Peru).

Leadership Team

Board of Directors

Management

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Financial Strength

ETG EGI EKA

$US Treasury

$15.5 million (as of March 31, 2016)

Market Capitalization

~C$63 million (as of May 10, 2016)

Capital Structure

153 million Issued and Outstanding

165 million Fully Diluted

52 Week High/Low

C$0.61/$0.25 (TSX)

Unless otherwise noted, all dollar amounts in this presentation are expressed in United States dollars.

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Lukkacha - Strategic Peruvian Asset

Grassroots porphyry target within a major copper district

Geological similarities to nearby Toquepala deposit

Widespread intense alteration and surface leaching of sulphides

Possibility of enriched secondary copper sulphides in addition to primary mineralization

Road access and moderate elevation

Community agreement in place to allow exploration, subject to receiving Supreme Decree

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For more information, please contact: Monica Hamm – Manager Investor Relations

mhamm@entreegold.com 604-687-4777

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