Eric Sprott Announces Changes to His Holdings in Erdene Resource Development Corporation

Group 1 - Eric Sprott's corporation, 2176423 Ontario Ltd., purchased 10,777,116 common shares of Erdene Resource Development Corporation at a price of $0.90 per share, totaling approximately $9,699,404, representing about 2.9% of the outstanding shares on a non-diluted basis [1] - Following the acquisition, Mr. Sprott's total beneficial ownership increased to 83,689,581 shares, which is approximately 22.9% of the outstanding shares on a non-diluted basis, up from 19.9% prior to the acquisition [2] - The shares were acquired for investment purposes, with a long-term view, and Mr. Sprott may consider acquiring additional securities or selling existing ones based on market conditions [3]