Entrée/Oyu Tolgoi Joint Venture Project Mongolia NI 43-101 Technical Report Prepared for: Effective Date: Entrée Resources Ltd. 15 January, 2018 Prepared by: Mr Kirk Hanson, P.E. Project Number: Mr Greg Kulla, P.Geo. Mr Peter Oshust, P.Geo. 197631 Dr Ian Loomis, P.E. Mr Hank Wong, P.Eng. CERTIFICATE OF QUALIFIED PERSON I, Kirk Hanson, P.E., MBA am employed as the Technical Director, Open Pit Mining with Amec Foster Wheeler E&C Services Inc. (Amec Foster Wheeler) This certificate applies to the technical report titled “Entrée/Oyu Tolgoi Joint Venture Project, Mongolia, NI 43-101 Technical Report”, that has an effective date of 15 January, 2018 (the “technical report”). I am registered as a Professional Engineer in the State of Nevada (# 10640) and in the State of Alaska (#12126). I graduated with a B.Sc. degree from Montana Tech of the University of Montana, Butte, Montana in 1989 and from Boise State University, Boise, Idaho with a MBA in 2003. I have practiced my profession for 29 years. I was Chief Engineer at Barrick’s Goldstrike operation, where I was responsible for all aspects of open-pit mining, mine designs, mine expansions and strategic planning. After earning an MBA in 2004, I was assistant manager of operations and maintenance for the largest road department in Idaho. In 2007, I joined AMEC (now Wood) as a principal mining consultant. Over the past 11 years, I have been the mining lead for multiple scoping, pre-feasibility, and feasibility studies. I have also done financial modelling for multiple large polymetallic mines as part of completing the pre-feasibility and feasibility studies. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). I have not visited the Entrée/Oyu Tolgoi Joint Venture Project. I am responsible for Sections 1.1 to 1.2, 1.17 to 1.23, 1.24.1, 1.24.6 to 1.24.13, 1.25; Sections 2.1 to 2.6; Section 3; Section 19; Section 20; Sections 21.1.1 to 21.1.3, 21.1.6 to 21.1.12; Sections 21.2.1, 21.2.4 to 21.2.7; Section 22; Section 23; Sections 24.1.1, 24.1.5 to 24.1.9; Sections 25.1, 25.10 to 25.17; Sections 26.1, 26.2, 26.4.2 and Section 27 of the technical report. I am independent of Entrée Resources Ltd as independence is described by Section 1.5 of NI 43–101. I have no previous involvement with the Oyu Tolgoi mine. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading. Dated: 28 February 2018 “Signed and sealed” Kirk Hanson, P.E. Amec Foster Wheeler E&C Services, Inc. 10615 Professional Circle, Suite 100 www.amecfw.com Reno, NV 89521 www.woodplc.com Tel: 775 331 2375 CERTIFICATE OF QUALIFIED PERSON I, Gregory Kenneth (Greg) Kulla, P.Geo. am employed as a Principal Geologist with Amec Foster Wheeler Americas Ltd. (Amec Foster Wheeler) This certificate applies to the technical report titled “Entrée/Oyu Tolgoi Joint Venture Project, Mongolia, NI 43-101 Technical Report”, that has an effective date of 15 January, 2018 (the “technical report”). I am a member of the Engineers and Geoscientists British Columbia. I graduated from the University of British Columbia with a Bachelor of Science in Geology degree in 1988. I have practiced my profession continuously since 1988 and have been involved in exploration, interpretation, geological modelling, and deposit evaluation of precious and base metal deposit assessments in Canada, United States, Australia, Mexico, Chile, Peru, and India, these include porphyry- style deposits. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). The date of my most recent site visit for the Oyu Tolgoi mine was from 23 October to 12 November, 2011. I am responsible for Sections 1.1 to 1.8, 1.25; Sections 2.1 to 2.4, 2.7; Sections 3.1 and 3.2; Section 4; Section 5; Section 6; Section 7; Section 8; Section 9; Section 10; Section 11; Section 12; Section 25.1 to 25.4, 25.17; Section 26.1 to 26.3, 26.4.1; and Section 27 of the technical report. I am independent of Entrée Resources Ltd as independence is described by Section 1.5 of NI 43–101. From 28 March to 2 April 2011, 29 May to 16 June, 2011, 2 to 22 August, 2011, and from 23 October to 12 November, 2011 I assisted in the preparation of updated geological models related to the Oyut and Hugo North deposits, including Hugo North Extension. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading. Dated: 28 February, 2018 “Signed and sealed” Greg Kulla, P.Geo. Amec Foster Wheeler Americas Ltd. Suite 400, 111 Dunsmuir St., Vancouver, www.amecfw.com BC, V6B 5W3 Canada www.woodplc.com Tel: 604-664-4315 CERTIFICATE OF QUALIFIED PERSON I, Peter Oshust, P.Geo. am employed as a Principal Geologist with Amec Foster Wheeler Americas Ltd. (Amec Foster Wheeler). This certificate applies to the technical report titled “Entrée/Oyu Tolgoi Joint Venture Project, Mongolia, NI 43-101 Technical Report”, that has an effective date of 15 January, 2018 (the “technical report”). I am a member of Engineers and Geoscientists British Columbia and of the Association of Professional Geoscientists of Ontario. I graduated from Brandon University with a Bachelor of Science (Specialist) degree in Geology and Economics in 1987. I have practiced in my profession since 1988 and have been involved in geological modelling and resource estimation for a variety of base and precious metals and diamond deposits across North and South America, and in Asia, since 2001. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). The date of my most recent visit to the Oyu Tolgoi mine was from 14 to 24 March, 2016. I am responsible for Sections 1.1 to 1.2, 1.10 to 1.11; Sections 2.1 to 2.5; Sections 3.1 to 3.3; Section 14; Sections 25.1, 25.6, 25.17; and Section 27 of the technical report. I am independent of Entrée Resources Ltd as independence is described by Section 1.5 of NI 43–101. From 20 May to 25 June 2011, 10 July to 5 August, 2011, 22 August to 15 September, 2011, 28 May to 15 June, 2012, 4 to 22 June, 2012, 1 to 20 July, 2012, 8 to 30 January, 2015, and 14 to 24 March, 2016 I assisted in the preparation of Mineral Resource estimates for the Oyut and Hugo North deposits, including Hugo North Extension. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading. Dated: 28 February, 2018 “Signed and sealed” Peter Oshust, P.Geo. Amec Foster Wheeler Americas Ltd. Suite 400, 111 Dunsmuir St., Vancouver, www.amecfw.com BC, V6B 5W3 Canada www.woodplc.com Tel: 604-664-4315 CERTIFICATE OF QUALIFIED PERSON I, Dr Ian Loomis, P.E. am employed as a Principal Mining Engineer with Amec Foster Wheeler E&C Services Inc. (Amec Foster Wheeler) This certificate applies to the technical report titled “Entrée/Oyu Tolgoi Joint Venture Project, Mongolia, NI 43-101 Technical Report”, that has an effective date of 15 January 2018 (the “technical report”). I am registered as a Professional Engineer in the State of New Mexico (#12003) and the State of Colorado (PE.0048674). I graduated with a Bachelor of Science degree in Mining Engineering from the New Mexico Institute of Mining and Technology (New Mexico Tech) in 1987 and with Master’s of Science and Doctor of Philosophy, both in Mining Engineering, from the Virginia Polytechnic Institute and State University (Virginia Tech) in 1995 and 1997 respectively. I have practiced my profession for nearly 31 years since graduating in 1987. I have been directly involved in project start-up and commissioning, pre-feasibility and feasibility level studies and the operational phases of undergrounding mining, including projects in underground salt, copper, gold, coal, primarily dealing with the mine ventilation systems. I spent eight years in the Engineering department of a large (80,000 tpd) block cave mine project, which included studies to expand the mine district with additional block caves to ensure sustained output.