Ivanhoe Mines’ senior management meet with top DRC government officials to provide updates on development progress at the Kamoa-Kakula and Kipushi projects

November 25, 2019

Ivanhoe Mines’ senior management meet with top DRC

government officials to provide updates on development

progress at the Kamoa-Kakula and Kipushi projects

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yufeng

“Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), announced

today that senior members of Ivanhoe Mines’ management team met with high-ranking

government officials in Kinshasa to congratulate them on their recent appointments and

to provide updates on the development progress at Ivanhoe’s Kamoa-Kakula and

Kipushi joint-venture mining projects.

The Ivanhoe team met with Prime Minister Sylvestre Ilunga Ilukamba, Mines Minister

Willy Kitobo Samsoni, and Minister of Portfolio Clément Kuete Nymi Bemuna. The three

high-ranking DRC ministers were formally appointed in August in a new coalition

government led by President Felix Tshisekedi. The Ivanhoe management team also had

separate, constructive discussions with Albert Yuma, Chairman of the Congolese state-

owned mining company Gécamines.

Ivanhoe Mines was represented in the meetings by Tony Giardini, President, Louis

Watum, DRC Country Manager and President of the Board of Directors of Kamoa

Copper and Kipushi Corporation, and Matthieu Bos, Senior Vice President, Corporate

Development.

“The DRC government is both our regulator and a key shareholder, held through the

Minister of Portfolio, in the Kamoa-Kakula Copper Project,” said Mr. Giardini. “The

discussions with respect to Kamoa-Kakula were extremely productive and both parties

are working hard to ensure that the project starts producing copper as scheduled in the

third quarter of 2021.”

“All levels of government in the DRC have been helpful in ensuring that construction at

the project moves ahead rapidly while maintaining high performance standards in

health, safety, environment and community development.”

The Kamoa-Kakula Project is a joint venture between Ivanhoe Mines (39.6%), Zijin

Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government

(20%). Ivanhoe Mines and Zijin Mining are co-funding development of the Kamoa-Kakula

Copper Project.

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The Kipushi Project is a joint venture between Ivanhoe Mines (68%) and Gécamines

(32%). Ivanhoe Mines and Gécamines are working together to restart production at the

high-grade Kipushi zinc-copper-germanium-silver mine.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal

projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper

discoveries in the Democratic Republic of Congo (DRC) and the Platreef palladium-

platinum-nickel-copper-gold discovery in South Africa; and the extensive

redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver

mine, also in the DRC. Ivanhoe also is exploring for new copper discoveries on its

wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-

Kakula Project.

Information contacts

Investors Bill Trenaman +1.604.331.9834