ZEUS IP Survey Outlines Additional Potential at Entrée's Heruga Deposit, Mongolia

VANCOUVER, November 23 - Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the
"Company") announces that it has received ZEUS induced polarization (IP)
survey results which cover the Company's Heruga deposit along with
preliminary results from surveys over the Hugo North Extension deposit. The
survey was designed to further test the full extent of the chain of deposits
associated with the Oyu Tolgoi mineralized trend, which currently continues
along strike for over 12 kilometres.

"Entree's Lookout Hill property hosts the northern and southern
extensions of the 12 kilometre Oyu Tolgoi mineralized system. Oyu Tolgoi has
evolved into one of the premier copper-gold porphyry camps in the world and
the results of this survey support our contention that significant potential
exists to expand the known resources within the district, including Lookout
Hill," stated Greg Crowe, Entree's President and CEO.

ZEUS is a proprietary induced polarization (IP) and resistivity technique
licensed in Mongolia by GoviEx Gold Inc. and represents the next generation
of IP technology. This new technology enables identification of targets to
depths of up to 3,500 metres. ZEUS was recently used to survey over the
Heruga resource area on Entree's Javhlant mining licence and the Hugo North
Extension resource area on Entree's Shivee Tolgoi mining licence. The Hugo
North Extension and Heruga deposits were discovered while Ivanhoe Mines' was
conducting exploration work on Entree's Lookout Hill property during the
earn-in phase, prior to the formation of a joint venture between the two
companies in 2008.

A vertical cross section of the data through Entree's Heruga Deposit
indicates the IP signature extends to depth, well below the deepest
mineralized drill intercepts at 1,300 m
(see map on www.entreegold.com). Earlier IP surveys in this area
further suggest the Heruga mineralized trend may be offset to the west, but
continues as a chargeability high for 4 kilometres further south on Entree's
Javhlant licence. This highly prospective area remains to be drill tested.

The survey also tested the Hugo North and Hugo North Extension deposits.
The data clearly indicates additional potential to depth and along strike to
the north. In contrast to the close spatial association with IP anomalies
seen at the Central, Southern Oyu and Heruga deposits, the high grade Hugo
North and Hugo North Extension deposits occur along the eastern flank of the
ZEUS IP anomaly.

The Hugo North Extension resource area, which hosts the richest
mineralization defined along the Oyu Tolgoi mineralized trend to date,
extends for 625 metres north of the Entree-Ivanhoe Mines joint venture
boundary. A drill hole located approximately 1,300 metres north of the
property boundary (drill hole EGD081B) intersected Hugo North style
mineralization at a vertical depth of approximately 1,200 metres, suggesting
that the mineralization continues to the north, well past the current limit
of defined resources and extent of detailed drilling. There is an additional
8 kilometres of highly prospective ground along strike to the north of Hugo
North Extension that has received minimal drill testing.

The ZEUS system appears to be effective in outlining new areas of
exploration potential, especially to significantly greater depths than
previously possible. It is a useful tool to apply in areas where traditional
geophysical methods (conventional IP and magnetometer) have defined shallower
targets. Future targets could include the southwestern continuation of the
Heruga deposit, where the deposit is nearer surface, and the projected
continuation of the Oyu Tolgoi trend to the north of Entree's Hugo North
Extension deposit. Further information can be reviewed by visiting
www.ivanhoemines.com/i/pdf/ZEUS_at_Oyu_Tolgoi.pdf

Qualified Person

Robert Cann, P.Geo., Entree's Vice-President, Exploration, a qualified
person as defined by National Instrument 43-101 ("NI 43-101"), supervised the
preparation of the information in this release.

ABOUT ENTREE GOLD INC.

Entree Gold Inc. is a Canadian mineral exploration company focused on the
worldwide exploration and development of gold and copper prospects. The
Company flagship property is in Mongolia, where it holds two mining licences
and one exploration licence comprising 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 copper-gold deposit and the Heruga copper-gold-molybdenum deposit.

The Company continues to explore its large landholdings in Mongolia,
including the coal discovery Nomkhon Bohr. Entree is also evaluating new
opportunities throughout the region and elsewhere in Asia. Entree is
exploring the Huaixi copper project in Zhejiang Province in China, under the
terms of an agreement with the No. 11 Geological Brigade.

In North America, the Company is exploring for porphyry-related copper
systems in Arizona and New Mexico under agreements with Empirical Discovery
LLC, in Nevada through option agreements with HoneyBadger Exploration Inc.
and Bronco Creek Exploration Inc. and in British Columbia through an
agreement with Taiga Consultants Ltd.

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$40 million, the Company is well funded for future
activities.

Ivanhoe Mines and Rio Tinto are major shareholders of Entree, 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. Such statements include those relating to future
drilling programs and expansion of resources. 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.

    For further information: Monica Hamm, Manager, Investor Relations,
    Entree Gold Inc., Tel:+1-(604)-687-4777, Toll Free:+1-866-368-7330, E-mail:
    mhamm@entreegold.com

    Peter Oates, Corporate Communications, Entree Gold
    Inc., Tel:+1-(604)-687-4777, Toll Free: +1-866-368-7330, E-mail:
    poates@entreegold.com (ETG. EGI)

For further information: Monica Hamm, Manager, Investor Relations, Entree Gold Inc., Tel:+1-(604)-687-4777, Toll Free:+1-866-368-7330, E-mail: mhamm at entreegold.com; Peter Oates, Corporate Communications, Entree Gold, Inc., Tel:+1-(604)-687-4777, Toll Free: +1-866-368-7330, E-mail: poates at entreegold.com (ETG. EGI)