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IVN.TO ·

Kamoa-Kakula monthly progress update expected on June 2 KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced today that the May progress update for the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) is expected to be issued on June 2,

Corporate Updates

June 1, 2021

Kamoa-Kakula monthly progress update expected on June 2

KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:

IVPAF) announced today that the May progress update for the Kamoa-Kakula Copper

Project in the Democratic Republic of Congo (DRC) is expected to be issued on June 2,

2021.

The Kamoa-Kakula Phase 1 concentrator plant produced its first copper concentrate on

May 25th and the plant is in the process of hot commissioning and ramp up.

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 Democratic Republic of Congo and at

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

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

mine, also in the Democratic Republic of Congo .

Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased

expansions, is positioned to become one of the world's largest copper producers. 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 Mines

has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the

Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground

mining equipment become commercially available. Ivanhoe also is exploring for new copper

discoveries on its wholly-owned Western Foreland exploration licences in the Democratic

Republic of Congo, near the Kamoa-Kakula Project.

Information contacts

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