Zijin Mining Group entered into a private share purchase and sale agreement with CITIC Metal Africa Investments Limited and Mr. Robert Friedland to purchase Ivanhoe Mines shares

Ivanhoe Mines Ltd. (“Ivanhoe”) announced that Zijin Mining Group Co., Ltd. (“Zijin”) had entered into a private share purchase and sale agreement with CITIC Metal Africa Investments Limited (“CITIC”) who will sell 3.0% of Ivanhoe’s shares, and Mr. Robert Friedland, Ivanhoe’s Co-Chairman who will sell 1.08% of Ivanhoe’s shares, to Zijin to increase Zijin’s shareholdings in Ivanhoe to 13.88%. At closing of the purchase, Zijin will be Ivanhoe’s second largest shareholder behind CITIC who will hold approximately 26.4% of Ivanhoe’s shares and ahead of Mr. Friedland’s approximately 13.2% of Ivanhoe shares. Fasken advised Zijin on this transaction with a team including John Turner, Michael Boehm, Lei Huang and Janet Howard.