Mr. Alan Edwards reports

ENTREE RESOURCES ANNOUNCES DETAILS OF CHIEF EXECUTIVE OFFICER TRANSITION

Entree Resources Ltd. has selected Chris Adams to replace Stephen Scott as president and chief executive officer of the company.

As disclosed in the company's news release dated May 14, 2026, Mr. Scott will be retiring from his current position and as a director of the company after more than 10 years of exceptional service. Mr. Adams will step into the role, effective July 17, 2026, which is also Mr. Scott's last day of employment. Mr. Scott will continue to be engaged under an advisory service agreement to provide support to the incoming chief executive officer to ensure a seamless transition.

Alan Edwards, the non-executive chair of the company, commented: "After conducting a search for a new CEO, Chris quickly emerged as the board's preferred candidate. Chris has served as a non-executive director of the company since January of this year, gaining valuable insight into the business and the joint venture asset in Mongolia. The board is extremely pleased Chris has agreed to join the management team. Given his extensive background in mining finance, we are excited to see what the future holds for Entree and its shareholders under his guidance. I would also like to personally take this opportunity to thank Steve for his vision and demonstrated leadership, as well as his friendship, over the last decade. While he will be missed, we wish him all the best in his well-deserved retirement."

Stephen Scott, president and chief executive officer of the company, commented: "Transitioning and leading this evolving company alongside a dedicated and talented management team has been a great privilege. I am deeply grateful to the board -- current and former members included -- for its guidance over the past 10-plus years. I must also acknowledge and thank all our shareholders and stakeholders for their trust and patience during my tenure as president and CEO. As a significant and supportive shareholder of the company, I am retiring with full confidence that Chris and the rest of the management team will continue to build upon past successes."

Mr. Adams is a mining finance professional and corporate director with over 35 years of industry experience. As head of mining finance for the Americas with Macquarie Group Ltd., he led teams to evaluate and execute equity investments and loans to mining development projects around the world and marketed commodity derivatives. Prior to Macquarie, Mr. Adams worked in mining investment banking in Canada and Australia for both Macquarie and CIBC. He holds a BCom degree from McGill University, an MBA from the Massachusetts Institute of Technology and the CFA designation.

About Entree Resources Ltd.

Entree is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects -- the Oyu Tolgoi project in Mongolia. Entree has a 20-per-cent or 30-per-cent carried participating interest in the Entree/Oyu Tolgoi joint venture, depending on the depth of mineralization. Royal Gold (through its wholly owned subsidiary International Royalty Corp.) and Rio Tinto are major shareholders of Entree, beneficially holding approximately 24 per cent and 16 per cent of the shares of the company, respectively.

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