Ivanhoe Mines comments on share price

May 3, 2017

Ivanhoe Mines comments on share price

VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced today that

the company is not aware of any specific reason, other than short-term fluctuations in

commodity prices, that might be contributing to the recent decline in the company’s share

price.

The company stated that it is making excellent progress at all of its three mine development

projects — Kamoa-Kakula, Kipushi and Platreef. The expanded drilling program at the Kamoa-

Kakula Project is continuing with 14 drill rigs on site and the updated resource estimate for the

high-grade Kakula Discovery is expected this month.

Information contacts

Investors

Bill Trenaman +1.604.688.6630

Media

North America: Bob Williamson +1.604.512.4856

South Africa: Jeremy Michaels +27.82.939.4812

Website www.ivanhoemines.com