Erdene Alliance with International Uranium

[Designer]

Erdene Announces Strategic Alliance with International Uranium Corporation (IUC) in Mongolia
via COMTEX

April 5, 2005

IUC to Fund $6 Million Work Program and Invest $1 Million in Erdene

HALIFAX, Apr 05, 2005 (Canada NewsWire via COMTEX) --

Erdene Gold Inc. (TSXV:ERD) today announced it has signed a Memorandum of Agreement with International Uranium Corporation (IUC) (TSX:IUC) of Vancouver, British Columbia to provide IUC with the option to acquire a majority interest in Erdene Gold's Mongolian uranium assets by spending CDN$6 million over four years, commencing in 2005. In addition, IUC will be investing $1 million in Erdene through the purchase of its common shares by way of private placement.

"This agreement allows Erdene to focus on our high quality gold, copper and molybdenum properties while maintaining a significant carried ownership through the initial resource definition stage of what we believe to be a very exciting uranium project." said Mr. Peter Akerley, President and Chief Executive Officer of Erdene Gold. "Following the evaluation of a number of potential partnerships, Erdene selected IUC based on their strong uranium industry and Mongolian experience including the successful recovery of uranium from an in-situ leach (ISL) pilot plant on properties adjacent to Erdene's."

"I am excited by the potential the Erdene properties adds to our central Mongolian uranium asset base and look forward to the start-up of exploration in the next few weeks," said Mr. Ron Hochstein, President of IUC.

Exploration will begin on the Erdene uranium properties in mid-April with Erdene field teams beginning evaluation of prospects identified during previous exploration with supporting radiometric and geochemical surveys. It is anticipated that this initial exploration will lead to drill target definition by mid-2005.

Uranium Potential - Central Sedimentary Basins of Mongolia

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The IUC-Erdene joint venture will control in excess of 1.3 million hectares in the central sedimentary basins, which host significant uranium resources and are located proximal to the Trans-Mongolian Railway, which enters China 400 kilometres to the south. The uranium mineralization occurs in Cretaceous age sediments derived from weathered crystalline basement rocks with grades typically in the 0.05 to 0.5% U(3)O(8) range and forming in relatively thin tabular bodies. These deposits occur at depths of less than 150 metres and pilot plant testing has confirmed that ISL is applicable. The Erdene Gold properties contain multiple uranium occurrences, radiometric anomalies, and very favourable geology for sediment hosted, near surface, uranium deposits. This land package was generated based on an initial scoping study, and evaluation of uranium opportunities in Mongolia carried out by Gallant Minerals during the late 1990s.

Agreement Summary

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Erdene Gold has agreed to grant IUC the exclusive right and option to acquire a 65% interest in certain of its properties in consideration for which IUC would expend up to CDN$6,000,000 on the properties on eligible expenditures over a period of up to four (4) years. Erdene will be operator of the first year program. The partners will also form a strategic alliance for the purpose of staking additional ground in Mongolia for the exploration of uranium over a three-year (3) period. In addition, IUC will acquire 1.0 million common shares of Erdene at a price of C$1.00 per share which IUC will purchase by way of a private placement.

The transactions are subject to due diligence, all required regulatory and other approvals and the signing of formal documentation.

About IUC

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IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the U.S. and a fully permitted 2,000 ton per day uranium/vanadium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. IUC also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal.

About Erdene Gold Inc.

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Erdene Gold Inc. is a mineral exploration company focused on Mongolia with over 20 precious and base metal projects that include 47 licences covering in excess of 840,000 hectares as well as 19 uranium licences and applications covering more than 1,300,000 hectares. Erdene is well funded with a pre-IUC investment working capital position of approximately CDN$7.7 million and a 2005 budget of CDN$4.5 million. Erdene has 26,232,135 common shares issued and outstanding and a fully diluted share position of 30,828,910 common shares. Erdene Gold Inc. trades on the TSX Venture Exchange under the symbol ERD.

Forward-Looking Statements

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Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date. Erdene disclaims any intention to update or revise this statement of forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release.

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: www.newswire.ca/en/releases/orgDisplay.cgi?okey=7440

For further information: Peter C. Akerley, President and CEO, Phone: [phone]; Ken W. MacDonald, Vice-President and CFO, Phone: [phone]; For additional information visit Erdene's website at www.erdene.com or contact the company via email at info(at)erdene.com News release via Canada NewsWire, Halifax 902-422-1411
Copyright (C) 2005 CNW, All rights reserved

[Designer]

IUC Options Additional Uranium Properties in Mongolia and Forms Strategic Alliance with Erdene Gold


VANCOUVER, BRITISH COLUMBIA, Apr 5, 2005 (CCNMatthews via COMTEX) -- (CCN Mathews)


International Uranium Corporation (TSX:IUC) ("IUC") is pleased to announce that it has signed a Memorandum of Agreement with Erdene Gold Inc. ("Erdene") to acquire a 65% interest in Erdene's uranium properties in Mongolia. Please see attached map, www2.ccnmatthews.com/database/fax/2000/iuc0405.jpg

The Erdene uranium properties comprise an area of greater than 1.3 million hectares covering highly prospective ground in the central regional belt of sedimentary basins. Multiple uranium occurrences, radiometric anomalies and favourable geology for sediment-hosted uranium deposits have been identified throughout the license areas.

Several properties are in proximity to IUC's (70% interest) known uranium deposits. IUC's past work in Mongolia has to date included nearly 150,000 meters of drilling and operation of two ISL pilot tests. The Company has identified inferred uranium resources totalling 21,672,000 @ 0.052% U3O8 for approximately 8,700 tonnes U (22.6 million pounds U3O8). These deposits occur at depths of less than 150 meters, and pilot testing has confirmed that ISL is applicable. The identified uranium deposits occur in Cretaceous age fluvial and lacustrine sediments derived from weathering of crystalline basement rocks, including granites and metamorphic rocks. Uranium mineralization occurs in sandstones, siltstones, clays and coaley sediments deposited in intermontane basins. The resource estimate was completed prior to the implementation of NI 43-101, however, the Company considers this estimate to be relevant and the best existing estimate of the resources.

IUC will have the option to acquire a 65% interest in the Erdene uranium properties in consideration for expenditures of Cdn $ 6 million over a period of 4 years. In addition, IUC will purchase, by way of private placement, 1 million common shares of Erdene at a price of Cdn $1.00 per share.

Furthermore, IUC has entered into a strategic alliance with Erdene for purposes of staking additional ground for uranium exploration in Mongolia for a period of 3 years. The foregoing transactions are subject to due diligence and all requisite regulatory approvals.

Formed in 2002, Erdene has established itself as one of the leading exploration companies in Mongolia with a primary focus on copper/gold. The Company holds a diversified and solid portfolio of exploration properties in Mongolia.

Ron Hochstein, President of IUC, commented, "The addition of Erdene's properties now brings our uranium property position in Mongolia to over 3.6 million hectares. The uranium potential of Mongolia is just beginning to unfold and we are excited about the possibility of new discoveries and expanding IUC's known uranium resources in the country during this summer campaign. We hope to continue our success we've had in Mongolia since starting there in 1994."

IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the U.S. and a fully permitted 2,000 ton per day uranium/vanadium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal. In addition, the Company owns approximately 58% of the outstanding shares of Fortress Minerals Corp., a public company engaged in precious and base metal exploration in Mongolia.

Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices for uranium and vanadium; the impact of the sales volume of uranium and vanadium; competition; reliance on income from processing uranium-bearing waste materials; the impact of change in foreign currency exchange rates and interest rates; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; changes to reclamation requirements; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks. Although IUC believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this release. IUC disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. United States investors are advised that while the term "inferred" resources is recognized and required by Canadian regulations, SEC does not recognize that term. Investors are cautioned not to assume that all or any part of mineral deposits in this category will ever be converted into reserves.

ON BEHALF OF THE BOARD

Ron F. Hochstein, President

International Uranium Corporation Sophia Shane Corporate Development [phone] [phone] (FAX) www.intluranium.com



NEWS RELEASE TRANSMITTED BY CCNMatthews


Copyright (C) 2005, CCNMatthews. All rights reserved.

[Franko10 ™]

Got the IUC one already but the first one with the other guys I didn't,.. thanks