Entrée Makes New Porphyry Copper Discovery at Lordsburg, New Mexico



    VANCOUVER, Jan. 15 /CNW/ - Entrée Gold Inc. (TSX:ETG; AMEX:  EGI;
Frankfurt:EKA - "Entrée" or the "Company") announces the discovery of porphyry
copper-gold mineralization on its Lordsburg property. This is the first time
porphyry-style mineralization has been found in this region of New Mexico,
previously known only for high grade vein deposits. The Lordsburg area will be
the focus of follow-up work in 2009.
    Greg Crowe, President and CEO of Entrée Gold stated, "This new discovery
is particularly exciting because it confirms our belief that the Lordsburg
area has potential to host large tonnage copper-gold systems. It also
emphasizes the effectiveness of the proprietary exploration techniques
developed by our partner, Empirical Discovery, in locating concealed
porphyry-style mineralization."
    Entrée has completed four diamond drill holes totaling 2,563 m (8,405 ft)
on the Lordsburg property. The four widely spaced holes were drilled as
initial tests for buried porphyry-style copper mineralization based on
promising geophysical, geochemical and geological indicators.
    Discovery hole EG-L-08-002 cored a 310 metre (1,017 ft) interval of
copper and gold mineralization in the northwestern portion of the property.
    Hole EG-L-08-002 encountered a broad zone of potassic alteration
(K-feldspar, secondary biotite +/- magnetite) in plagioclase porphyry and
andesite wallrocks from surface to a depth of 557 m (end of hole, 1827 ft)
with porphyry-style copper-gold mineralization from 156 m. The hole
intersected 310 m of 0.14% copper and 0.08 g/t gold with intervals of higher
grade mineralization up to 0.33% copper and 0.26 g/t gold as shown in the
following table.

    
     Table 1: Summary of mineralized intervals from 2008 drill program.

    -------------------------------------------------------------------------
      Hole ID      From (m)       To (m)   Interval (m)   Cu (%)   Au (g/t)
    -------------------------------------------------------------------------
    EG-L-08-002     156.0         466.0       310.0        0.14     0.08
    -------------------------------------------------------------------------
     Including      182.0         211.3        29.3        0.21     0.12
    -------------------------------------------------------------------------
     Including      240.0         254.0        14.0        0.33     0.26
    -------------------------------------------------------------------------
    

    Copper mineralization (primarily chalcopyrite and bornite) is
disseminated in both plagioclase porphyry and andesite wallrock and occurs in
quartz stockwork veins, K-feldspar-biotite-magnetite veins and fracture
coatings cutting porphyritic intrusive rocks and andesite. The mineralized
interval is cut by several barren to weakly mineralized, late-stage rhyolite
and quartz diorite dykes. Core is oxidized and partially leached from surface
to approximately 150 m downhole.
    Holes EG-L-08-001 and EG-L-08-003, located 1.3 km (0.8 miles) southeast
and 1.7 km (1.1 miles) southwest of EG-L-08-002 respectively, were drilled to
test buried induced polarization ("IP") anomalies. Both holes encountered
broad zones of pervasive propylitic alteration (epidote and chlorite) and are
interpreted to be peripheral to the mineralized, potassically altered rocks
found in EG-L-08-002. No significant assays were returned from EG-L-08-001.
Assays from EG-L-08-003 are pending.
    The final drill hole of the program, EG-L-08-004, is located
approximately 4 km (2.5 miles) east of EG-L-08-002 and was drilled to test an
IP anomaly beneath younger volcanic rocks. The hole intersected unaltered,
Tertiary volcanic rocks and faulted blocks of propylitically altered
Cretaceous pyritic andesite similar to rocks encountered in EG-L-08-003.
Analyses of EG-L-08-004 are pending.
    This new discovery remains open in all directions with the closest drill
hole currently located 1.3 km (0.8 miles) to the southeast of EG-L-08-002.
Additional drill testing of this target is planned as soon as amendments to
the drill permits have been approved by the Bureau of Land Management and the
State of New Mexico. The drill used for the 2008 program remains on site.

    QUALITY ASSURANCE AND CONTROL

    Robert Cann, P.Geo., Entrée's Vice-President, Exploration, a qualified
person as defined by NI 43-101, supervised the preparation of the technical
information in this news release.
    Split core samples were prepared and analyzed at Skyline Assayers &
Laboratories in Tucson, Arizona and at Acme Analytical Laboratories in
Vancouver, Canada. Prepared standards, blanks and duplicates are inserted at
the project site to monitor the quality control of the assay data. Drill
intersections described in this news release are based on core lengths and may
not reflect the true width of mineralization.

    ABOUT ENTREE GOLD INC.

    Entrée Gold Inc. is a Canadian mineral exploration company focused on the
worldwide exploration and development of gold and copper prospects. In North
America, the Company is exploring for copper porphyry systems in the southwest
USA under agreements with Empirical Discovery LLC.
    The Company is a large landholder in Mongolia, where it holds three
exploration licenses that comprise the 179,590-hectare Lookout Hill property.
Lookout Hill completely surrounds the 8,500-hectare Oyu Tolgoi project of
Ivanhoe Mines, and hosts the Hugo North Extension of the Hugo Dummett deposit
and the newly discovered Heruga deposit.
    The Company continues to explore its large landholdings in Mongolia as
well, including the coal discovery Nomkhon Bohr. Entrée is also evaluating new
opportunities throughout the region and elsewhere in Asia. Entrée is exploring
the Huaixi copper project in Zhejiang Province in China, under the terms of an
agreement with the No. 11 Geological Brigade.
    The Company is also seeking additional opportunities to utilize its
expertise in exploring for deep and/or concealed ore deposits. With a treasury
in excess of C$50 million, the Company is well funded for future activities.
    Ivanhoe Mines and Rio Tinto are major shareholders of Entrée, holding
approximately 15% and 16% of issued and outstanding shares respectively.

    This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you
can identify forward-looking statements by terminology such as "may",
"should", "expects", "plans", "anticipates", "believes", "estimates",
"predicts", "potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause our or
our industry's actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by these forward-looking
statements.
    While these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost always
vary, sometimes materially, from any estimates, predictions, projections,
assumptions or other future performance suggested herein. Except as required
by applicable law, including the securities laws of the United States, the
Company does not intend to update any of the forward-looking statements to
conform these statements to actual results. Readers are referred to the
sections entitled "Risk Factors" in the Company's periodic filings with the
British Columbia Securities Commission, which can be viewed at www.SEDAR.com,
and with the United States Securities and Exchange Commission, which can be
viewed at www.SEC.gov.

    %CIK: 0001271554




For further information:

For further information: Mona Forster, VP & Corporate Secretary, Entrée
Gold Inc., Tel: (604) 687-4777, E-mail: mforster@entreegold.com; Primoris
Group, Tel: (866) 368-7330, Email: info@entreegold.com

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ENTREE GOLD INC.

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