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Ivanhoe Mines congratulates Robert Friedland for his induction into the American Mining Hall of Fame

Company Commentary

December 6, 2021

Ivanhoe Mines congratulates Robert Friedland for his induction

into the American Mining Hall of Fame

TUCSON, ARIZONA, USA – Ivanhoe Mines President Marna Cloete, on behalf of all

the women and men of the company, today congratulated Founder and Executive

Co-Chairman, Robert Friedland, on his induction into the American Mining Hall of

Fame for accomplishments during his distinguished career in the international

mining industry.

Mr. Friedland’s formal induction ceremony was held in Tucson on December 4th, and

attended by approximately 500 people. The American Mining Hall of Fame recognizes

individuals who have demonstrated outstanding lifetime achievements advancing

the American and/or global mineral resources industry.

Mr. Friedland was presented with a bronze

plaque with the inscription commemorating

his significant accomplishments: “Robert M.

Friedland has been recognized by leaders of

the international financial sector and mineral

resource industries as an entrepreneurial

explorer, technology innovator and company

builder. He has successfully developed a

portfolio of respected public and private

companies whose initiatives have led to

several of the world’s most significant

mineral discoveries and mine developments,

applications of disruptive technologies and

contributions to significant economic growth

in established and emerging markets in the

Asia Pacific Region, Southern Africa and the

Americas.”

To watch a short video featuring tributes

from renowned explorationists and

international mining leaders, click here: https://vimeo.com/649680858/1e5f2194d6

“The American Hall of Fame is the pinnacle of individual recognition within the

American mining industry. It’s a fantastic distinction for Robert and a well-deserved

acknowledgement of his unparalleled achievements in mineral exploration and mine

development,” said Ms. Cloete.

“For more than 30 years, Robert has been blazing trails in the industry as an

entrepreneurial explorer, technology innovator and company builder. He has a

natural propensity for overcoming seemingly insurmountable challenges to turn

dreams into reality.”

Ms. Cloete added that the management and employees of Ivanhoe Mines are

privileged to have Mr. Friedland’s guiding leadership, vision, limitless energy and

can-do spirit as the company continues its impressive emergence as a modern,

major mining company with leading ESG credentials.

Previous recognitions and distinctions

In 1996, Mr. Friedland, then Co-Chairman of Diamond Fields Resources, was named

Developer of the Year by the Prospectors and Developers Association of Canada

(PDAC) for his work in establishing and financing companies engaged in mineral

exploration and development around the world – a recognition, in part, of his

leadership role in the development of the Voisey's Bay nickel mine in Labrador,

Canada.

Mr. Friedland received the Dealmaker of the Year Award for the original Ivanhoe

Mines (renamed Turquoise Hill Resources in 2012) from Australia's Diggers and

Dealers Mining Forum in August 2011, which acknowledged his success in

"managing some of the more interesting asset development logistics our industry

has seen for many years".

In March 2012, Mr. Friedland was recognized as Mining Personality of the Year at the

inaugural Asia Mining Awards, sponsored by the Hong Kong-based Asia Mining Club

and the Mines & Money conference. The award noted his role in Mongolia's

emergence as a major destination for mining investment. Ivanhoe Mines' Oyu Tolgoi

copper-gold mining complex in Mongolia’s South Gobi region also was voted Project

Development of the Year.

Mr. Friedland was inducted into the Canadian Mining Hall of Fame in January 2016,

honoring him as “a dynamic, transformative force in the Canadian and international

mining industries” and “one of the most recognized mining personalities and

achievers in the world”.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Website www.ivanhoemines.com