December 11, 2003

News Release: Entree Gold Completes Successful 2003 Exploration Program at Lookout Hill

Entree Gold Inc. (TSX VENTURE:ETG) - ('Entree'or the 'Company') has completed the 2003 exploration program at its Lookout Hill (Shivee Tolgoi) gold-copper property in Mongolia. Exploration included 157 line kilometers of ground geophysics, consisting of gravity, induced polarization (IP) and magnetometer surveys. Soil geochemical surveys and geological mapping were also conducted.

2003 was highlighted by Entree's acquisition of a 100%, royalty-free interest in the Lookout Hill property. Title to the property, which comprises three mineral exploration licences (Nos. 3136, 3148 and 3150) covering 179,590 hectares, has now been registered in Entree's name by the Mongolian government's Geological and Mining Cadastre office and can be viewed on the Cadastre website at http://www.mram.mn/l_reg12.xls. The Company now has complete control over the future exploration and development of Lookout Hill and any third party involvement in the property. Other exploration highlights of 2003 include:

-- Detailed surveys of the Copper Flats Zone: The Copper Flats Zone is located immediately north and on strike with Ivanhoe Mines'(NASDAQ:HUGO) (TSX:IVN) (ASX:IVN) Hugo Dummett Deposit. The Hugo Dummett Deposit, located at the far north of Ivanhoe's Turquoise Hill (Oyu Tolgoi) property, contains an estimated 14.1 million tonnes (31.2 billion pounds) of copper and 6.43 million ounces of gold, according to an independent resource assessment commissioned by Ivanhoe. Ivanhoe is reportedly now drilling within 400 meters of Entree's property boundary. Geophysical and geochemical surveys completed by Entree in 2003 suggest the continuation of the Hugo Dummett host structures for over two kilometers onto Entree's property. Four surface rock chip samples collected from the western portion of Copper Flats returned gold values in excess of 1.0 grams/tonne (g/t) with three of these samples returning 2.64 g/t, 2.96 g/t and 3.72 g/t. Four samples also returned copper values in excess of 0.10% copper with a high of 0.165% copper.

-- Sampling in Zone III returned widespread gold values: Zone III is located approximately ten kilometers west of the Copper Flats Zone. Trenching in 2003 exposed a 100+ meter wide zone of alteration in direct association with gold mineralization. The western portion of these Zone III trenches hosts northerly-trending silicified ribs that returned numerous surface gold values in the 1.0 g/t range, with individual grab samples yielding gold values of 60.7 g/t, 23.6 g/t, 18.4 g/t, 12.7 g/t, 8.98 g/t and chip sample gold values of 5.2 g/t over 2.0 meters and 8.2 g/t over 2.0 meters. Sampling in the eastern, less silicified portion of this alteration system returned trench values of 18 meters averaging 1.4 g/t gold. This Zone III epithermal gold system is associated with a 2.0+ kilometer long IP chargeability anomaly.

-- A detailed survey of the X-Grid Zone (Oortsog Grid): Located approximately 2.5 kilometers east of Ivanhoe's Turquoise Hill, the X-Grid Zone is the third area at Lookout Hill to return significant surface sampling results in the 2003 exploration program. Twenty five samples were collected from a 200 meter by 900 meter, northerly-trending, mineralized zone, with ten samples returning gold values greater than 0.5 g/t, five returning values greater than 1.0 g/t and one sample returning 22.3 g/t. Immediately east of this mineralized zone, X-Grid Zone hosts a well-defined, 500 meter by 450 meter gold-molybdenum soil anomaly, suggesting potential for another system at depth and the possibility that the system at surface is wider than currently understood. Both the mineralized zone and soil anomaly remain open along strike.

-- Detailed surveys were completed in the Zone I and Zone II areas of quartz-alunite alteration: These zones are located between the Copper Flats Zone and Zone III. Results of these surveys are pending.

-- Reconnaissance mapping, sampling and limited geophysical and geochemical surveys were completed in the Southwest Gold Zone and the Bayan Ovoo Copper Showing: The Southwest Gold Zone is a very early stage prospect located approximately 16 kilometers to the southwest of Zone III and 19 kilometers west-southwest of Turquoise Hill. Earlier sampling returned values in jasperoid material to 0.66 g/t gold and several select grab samples from this area yielded weakly anomalous gold values with one grab sample returning a high of 7.87 g/t gold. Bayan Ovoo is located in the southwestern area of Lookout Hill. Sampling was completed in an area of old trenches covering a 2,500 square meter area. Four samples returned copper values in excess of 0.3% copper with a maximum of 2.18% copper. Additional surveys have been completed over this area and results are forthcoming.

'We are very proud of our achievements in 2003,'said Greg Crowe, Entree's President and CEO. 'Our preliminary exploration results at Lookout Hill demonstrate the number and regional size of its mineralized systems and the excellent potential for the discovery of significant mineralization. Our acquisition of outright, unencumbered ownership of Lookout Hill has strengthened our ability to push ahead with exploration and development initiatives. We look forward to continuing to increase value for our shareholders with our forthcoming 2004 exploration program at Lookout Hill.'

Exploration at Lookout Hill is under the supervision of Robert Cann, P.Geo., Entree's Exploration Manager, a qualified person as defined by National Instrument 43-101. Mr. Cann is responsible for the preparation of technical information in the Company's News Releases. All rock samples were prepared and analyzed by SGS Analabs of Ulaan Baatar, Mongolia.

ABOUT ENTREE GOLD INC.

Entree Gold Inc. (www.entreegold.com) is a junior resource company engaged in the exploration and advancement of gold and copper prospects. The Company is a large landholder in one of the world's most promising gold-copper districts, located in Mongolia's south Gobi Desert near the Chinese border. Entree's 179,590 hectare Lookout Hill (Shivee Tolgoi) property completely surrounds Ivanhoe Mines'8,500 hectare Turquoise Hill (Oyu Tolgoi) holdings and is believed to host extensions to the northerly trending gold-copper system currently under exploration at Ivanhoe's Hugo Dummett Deposit. Entree has a 100% royalty-free ownership in Lookout Hill. Entree trades on the TSX Venture Exchange under the symbol 'ETG'.

This News Release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning the Company's plans for its principal property in Mongolia. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of the principal property in Mongolia, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Entree Gold Inc.

Primoris Group 866-368-7330 This email address is being protected from spambots. You need JavaScript enabled to view it. www.entreegold.com

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