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Ivanhoe Mines appoints two distinguished female business leaders to the company’s board of directors

Corporate Updates

August 11, 2020

Ivanhoe Mines appoints two distinguished female business

leaders to the company’s board of directors

Johannesburg, South Africa – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs

Robert Friedland and Yufeng “Miles” Sun are very pleased to announce the appointment of

two distinguished female business leaders – Nunu Ntshingila and Martie Janse van Rensburg

– to the Ivanhoe Mines board as independent directors.

Ms. Ntshingila is Regional Director, Facebook Africa, and Ms. Janse van Rensburg is a

Chartered Accountant who worked for South Africa’s Trans Caledon Tunnel Authority from

1994 to 2008; initially as its Chief Financial Officer and then advancing to become its Chief

Executive Officer.

Ms. Ntshingila and Ms. Janse van Rensburg each have more than 25 years’ business

experience with African-based companies. Ms. Ntshingila’s expertise is in marketing and

advertising, while Ms. Janse van Rensburg has particular proficiency in accounting, capital

markets, project finance and infrastructure development.

“We’re delighted to have Nunu and Martie join us as we complete our transition from explorer,

to developer, to a leading, diversified resource company committed to modern, responsible

mining,” said Mr. Friedland. “I’m very much looking forward to working with such accomplished

business leaders.”

“We are proud of the growing team of talented South African and Congolese women at all

levels of our company. They have embraced our goal of environmental, health and safety

excellence; and, through their efforts, are helping us to build what will be three of the world's

best mines in Southern Africa's legendary mineral fields,” he continued.

“Nunu and Martie’s unique African experience and insights will add tremendous value at

Ivanhoe, where we continue our strategic effort to empower a new generation of highly-skilled

women,” Mr. Friedland added.

Mr. Friedland and Mr. Sun noted that the two appointments were in keeping with the

company’s objective to have its board comprised of a majority of independent directors and to

increase its female representation at the board level.

About Nunu Ntshingila

Ms. Ntshingila joined Facebook Africa in September 2015. Based in Johannesburg, she is

responsible for building Facebook’s commercial presence across the entire African continent.

Before joining Facebook Africa, Ms. Ntshingila spent

almost 16 years with Ogilvy & Mather South Africa in

increasingly senior positions; becoming company

Chair in 2012. During her tenure with Ogilvy, she

oversaw the agency’s evolution into a diversified

communications group delivering integrated, effective

and award-winning work for many of South Africa’s

biggest and most well-recognized brands, including:

DStv, SABMiller, KFC, Cadbury, BP , Volkswagen and

Coca-Cola.

Prior to joining Ogilvy & Mather South Africa, Ms.

Ntshingila worked as Director of Communications for

Nike South Africa for three years. She also has

served as a council member of the Women’s World

Banking Council, whose mission is to drive financial

inclusion for women in Africa.

Ms. Ntshingila holds an undergraduate degree from University of Swaziland and a MBA degree

from Morgan State University, Baltimore, Maryland.

She has received numerous awards during her 30-year career, including a Lifetime

Achievement Award from the Financial Mail and an AdReview Lifetime Award. In 2016, Ms.

Ntshingila became the first woman inducted into the Loeries Creative Hall of Fame, in

recognition for her outstanding achievements in inspiring and fostering creativity. In 2018, she

received the BET Butterfly Award for Passion, Purpose and Persistence. She also was named

by Fortune Magazine as one of the Top 50 Most Powerful Women – International List in 2018

and 2019.

She has served as a Director on the boards of Old Mutual, Transnet, Ogilvy Global and Cape

Town’s Victoria & Alfred Waterfront Group. While on these boards, Ms. Ntshingila served on

and led board committees, including Investment, Remuneration, Social & Ethics and Audit.

About Martie Janse van Rensburg

Martie J Janse van Rensburg is a Chartered Accountant

based in Johannesburg, South Africa. She has more

than 25 years’ experience in senior-level executive

positions and as a director with a number of leading

South African companies, with a particular focus on

capital markets, project finance and infrastructure

development. She has worked on infrastructure projects

in many of the Southern African Development

Community (SADC) countries, including Botswana,

Lesotho, Mozambique, Namibia and Swaziland.

Since 2008, Ms. Janse van Rensburg has worked as an

independent consultant to government, banks, and

companies with respect to governance, water, financial,

funding and institutional arrangements and

transformation. She last served as a consultant to

ASISA (Association for Savings and Investment South

Africa) to promote investment in water infrastructure from 2016 to 2019. Previous to this, Ms.

Janse van Rensburg worked for Trans Caledon Tunnel Authority, a South African state-owned

entity charged with financing and implementing mega bulk raw water infrastructure projects,

from 1994 – 2008; initially as its Chief Financial Officer until1998 and then as its Chief

Executive Officer from 1998 to 2008. Prior to joining Trans Caledon, she worked as a

consultant for Deloitte (1992-1994), with a focus on business re-engineering. After completing

her articles as chartered accountant she lectured at the University of South Africa on a post-

graduate level in Applied Auditing and Applied Taxation (October 1988 to December 1991).

In addition to her executive management positions, Ms. Janse van Rensburg has more than 21

years’ experience as an executive and non-executive director, serving in organizations that

required strategic redirection and governance alignment in the public and private sectors.

Ms. Janse van Rensburg currently serves as a Non-Executive Director on the boards of

Sephaku Holdings Ltd. (JSE:SEP), Etion Ltd. (JSE:ETO), Development Bank of Southern

Africa; and Independent Regulatory Board for Auditors. She previously served on the boards of

Denel Soc.; Johannesburg Water (Pty) Limited; Headstream Water Holdings (Pty) Ltd.; NMI

Group of Companies and Trust; Airports Company of SA Soc.; Bond Exchange of South

Africa; and AH Vest Limited. While on these boards, Ms. Janse van Rensburg served and led

various board committees, including Audit, Risk, Treasury and Regulatory committees; and

chaired Johannesburg Water, Denel and subsidiaries in the NMI Group. She also serves as a

non-executive member of the Credit Investment Committee of Ashburton (since October 2016)

and International and Specialised Finance Wholesale Credit Committee of First Rand Bank Ltd

(since April 2011).

Ms. Janse van Rensburg was a recipient of South Africa’s inaugural Woman in Water Award in

2002, and was nominated for BWA Business Woman of the year in 2006.

Ms. Janse van Rensburg is a member of the Institute of Chartered Accountants (South Africa)

and the Institute of Directors. She holds a Bachelor of Commerce degree and a Bachelor

Honours of Commerce degree and a Certificate in the Theory of Accounting (CTA). She

qualified as a Chartered Accountant in 1987.

About Ivanhoe Mines

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

venture projects in Southern Africa: the development of major new, mechanized, underground

mines at the Kamoa-Kakula discoveries in the Democratic Republic of Congo (DRC) and at the

Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the

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

mine, also in the DRC. Kamoa-Kakula and Kipushi will be powered by clean, renewable

hydroelectricity and will be among the world’s lowest greenhouse gas emitters per unit of metal

produced. 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 Media Matthew Keevil +1.604. 558.1034