Ivanhoe Mines says Bloomberg stories on Ivanhoe’s success in the Democratic Republic of Congo are flawed by a deceptive headline, errors and omissions of critical facts VANCOUVER, CANADA – An initial story published by Bloomberg News on

July 19, 2017

STATEMENT

Ivanhoe Mines says Bloomberg stories on Ivanhoe’s success in the

Democratic Republic of Congo are flawed by a deceptive headline,

errors and omissions of critical facts

VANCOUVER, CANADA – An initial story published by Bloomberg News on July 18, 2017, misleads

readers with its headline, erroneous reporting and the omission of critical contextual facts that were

known to the news organization.

A second story, also published on July 18, contains a false allegation by Bloomberg that Ivanhoe Mines

had corrected as part of a detailed statement of facts delivered to Bloomberg seven weeks ago.

On May 26, 2017, Ivanhoe Mines provided a letter to Bloomberg reporter Thomas Wilson that set out

critical information related to a planned story that subsequently was published by Bloomberg early on

July 18. It became apparent after the story was published that much of Ivanhoe’s factual information

had been excluded, which Bloomberg indicated was due to “the limitations of the length of the story.” Of

course, this deliberate withholding of critical details was not revealed to Bloomberg’s readers, according

to Ivanhoe Mines.

A review of the facts shows that Bloomberg’s omission of information makes the initial story misleading

and one-sided. Basic journalistic principles of truth, accuracy and balance never should be

compromised, particularly just to satisfy a predetermined limit on a story’s length, according to Ivanhoe

Mines.

This public statement by Ivanhoe Mines is intended to provide readers with relevant information ignored

by Bloomberg’s reportorial short-cuts that sacrificed facts and completeness in an apparent

determination to sensationalize. Bloomberg’s tactics succeeded in misrepresenting Ivanhoe Mines and

its business successes in the Democratic Republic of Congo (DRC) in a prejudiced and harmful

manner.

The truth, also not acknowledged by Bloomberg, is that Ivanhoe’s significant successes in the DRC

have been founded on a 14-year commitment to international standards of professional exploration

along the Central African Copperbelt. The facts prove that Ivanhoe’s first discovery in 2008, and

subsequent discoveries, had nothing to do with relatively recent business transactions, as alleged by

Bloomberg.

The full text of the Ivanhoe Mines statement is available on the Ivanhoe Mines website and may be

accessed through the following link: https://www.ivanhoemines.com/news/2017/ivanhoe-mines-says-

bloomberg-stories-on-ivanhoes-success-in-the-democratic-republic-of-congo-are-flawed-by-a-deceptive-

headline/

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Information contacts

Investors

Bill Trenaman +1.604.331.9834

Media

North America: Bob Williamson +1.604.512.4856

South Africa: Jeremy Michaels +27.82.939.4812

www.ivanhoemines.com