News Release

VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN) today announced that the company is not aware of any unforeseen specific development, related to corporate or project-related events, that might be contributing to the recent decline in the company’s share price.

The company released approximately 32.1 million shares from structural lock-up on Friday, January 23, in accordance with the quarterly release schedule established in conjunction with the company’s initial public offering in October 2012. As of January 23, 78.3% of the company’s total issued and outstanding shares are freely tradeable.

The company also announced that the strategic process, led by BMO Capital Markets Limited and Morgan Stanley & Co. International plc, of its Kamoa and Kipushi projects in the Democratic Republic of Congo is progressing as planned. Technical site visits by prospective potential partners are continuing and detailed strategic financial discussions with several parties are underway.

Information contacts

Investors
Bill Trenaman +1.604.688.6630

Media
North America: Bob Williamson +1.604.512.4856
South Africa: Jeremy Michaels +27.82.939.4812

Website www.ivanhoemines.com