The annual meeting of the shareholders of Erdene Resource Development Corporation JSC (TSX:ERD | MSE:ERDN) will be held online in Halifax, Nova Scotia on June 25, 2020 at 4 pm (June 26, 2020 at 3 am).

Agenda of the meeting is as follows:

1. Introduce the audited financial statements of the Corporation for the year ended December 31,2019;

2. To elect directors of the Corporation for the forthcoming year;

3. To appoint the auditor of the Corporation for the forthcoming year;

4. To approve and confirm the continuance of the Corporation’s Amended and Restated Shareholder Rights Plan Agreement dated June 14, 2017 (the “Amended and Restated Rights Plan”)

5. To pass an ordinary resolution amending the Corporation’s deferred stock unit plan;

6. Others.

Only the Shareholders of record as of the close of business on May 21, 2019 (“Record Date”) are entitled to receive notice of the Meeting, and except as noted in the attached Circular, to vote at the Meeting.

Management information circular will be delivered to Mongolian shareholders through broker dealer companies, and should you enquire further information, please contact Erdene Mongol LLC, official representative of Erdene Resource Development Corp.

Erdene Mongol LLC address: Mongolia, Ulaanbaatar, Chingeltei district, Baga-Toiruu, Monrud LLC building;

Email: for English and Mongolian language enquiry, contact nadya@erdene.com

Office hours: 9 am to 5 pm, weekdays.

MONGOLIAN STOCK EXCHANGE