Erdene Resource Development Corporation (ERD)

Erdene Resource Development Corporation is a resource exploration and development company listed on the Toronto Stock Exchange with four core projects, namely the Donkin Coal Project in Nova Scotia, the Zuun Mod Molybdenum Project in Mongolia, the Granite Hill Construction Aggregate Project in Georgia, USA and APM's kaolin operation in Georgia, USA. In early 2010, mine development work began on the Granite Hill site with commercial production to begin as early as the fourth quarter 2011. Until resulting cash flows from Granite Hill or any of the Company's other projects increase substantially over current, the annual level of expenditures of the Company is dependent primarily on the issuance of share capital to finance its exploration and development programs. The Company, through its controlled subsidiary APM, operates a clay processing plant in Dearing, Georgia, USA.