Erdene Provides Update on Share Consolidation

Core Points - Erdene Resource Development Corp. is implementing a share consolidation of one post-Consolidation Common Share for every six pre-Consolidation Common Shares, approved at the 2025 Annual General and Special Meeting of Shareholders [1][2] - The Consolidation will take effect on September 2, 2025, pending regulatory approvals, with trading of Common Shares halted on the Mongolian Stock Exchange from August 27, 2025 [2] - Post-Consolidation Common Shares will trade on the TSX under the symbol "ERD" starting around September 5, 2025, with a new CUSIP and ISIN [3] Shareholder Instructions - Registered shareholders will receive a letter of transmittal for exchanging their pre-Consolidation Common Shares, with instructions for surrendering their certificates [4] - Beneficial shareholders do not need to take action to receive post-Consolidation Common Shares, but should contact their intermediaries for processing details [4] Share Count Changes - The company currently has 366,231,958 Common Shares outstanding, which will reduce to approximately 61,038,660 post-Consolidation shares, subject to rounding [5] Company Overview - Erdene Resource Development Corp. focuses on the Bayan Khundii Gold Mine and the exploration and development of precious and base metals in Mongolia, holding interests in multiple mining and exploration licenses [7]