Entree Gold Prices Marketed Offering in Canada for C$1.25

Entree Gold Inc.EGI has entered into an underwriting agreement today in connection with its previously announced marketed offering of common shares. The underwriters have agreed to purchase 10,000,000 shares at a price of C$1.25 per share for gross proceeds of C$12,500,000. The offering will be made under a prospectus supplement dated November 23, 2011 to the Company's short form base shelf prospectus dated November 19, 2010, in all provinces of Canada except Quebec. The Company has also granted the underwriters an over-allotment option to purchase up to an additional 1,500,000 common shares at the Offering Price, exercisable for a period of 30 days following closing.