Ivanhoe Mines congratulates Felix Tshisekedi, President of the Democratic Republic of Congo, on his appointment as Chairperson of the African Union

February 8, 2021

Ivanhoe Mines congratulates Felix Tshisekedi, President of the

Democratic Republic of Congo, on his appointment as

Chairperson of the African Union

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yufeng

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

their congratulations to Felix Tshisekedi, President of the Democratic Republic of

Congo, on his appointment as the new Chairperson of the African Union for 2021.

President Tshisekedi takes over the position from Cyril Matamela Ramaphosa,

President of the Republic of South Africa, who has concluded his one-year term as

Chairperson.

The African Union consists of the 55 member states that make up the countries of the

African Continent. The African Union spearheads Africa’s development and integration

in close collaboration with African Union Member States, the Regional Economic

Communities and African citizens. Its vision is to accelerate progress towards an

integrated, prosperous and inclusive Africa, at peace with itself, playing a dynamic role

in the continental and global arena, effectively driven by an accountable, efficient and

responsive union.

“On behalf of everyone at Ivanhoe Mines, we congratulate President Tshisekedi on this

prestigious appointment. We also salute the people of the Democratic Republic of the

Congo for their commitment to creating the necessary conditions for unfettered

democracy, allowing for all Congolese people to enjoy long-lasting and meaningful

benefits from their country’s unparalleled mineral potential – especially copper and

cobalt, two ‘green’ metals that are going to be required in massive amounts to electrify

the world economy,” said Mr. Friedland.

“This is a time of tremendous opportunity for responsible development of the mining

sector in the DRC, and we are confident that Ivanhoe Mines’ Kamoa-Kakula joint-

venture mining complex, Ivanhoe’s potential discoveries on its wholly-owned Western

Foreland exploration ground, and Ivanhoe’s Kipushi joint venture will help reestablish

the DRC as one of the world’s top tier mining jurisdictions,” Mr. Friedland added.

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 copper discoveries in the DRC and at the

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

2

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

germanium-silver mine, also in the DRC. Kamoa-Kakula is expected to begin producing

copper in July 2021 and, through phased expansions, is positioned to become one of

the world's largest copper operations. Kamoa-Kakula and Kipushi will be powered by

clean, renewable hydro-generated electricity 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