VANCOUVER, CANADA--(Marketwired - Aug. 29, 2016) - Ivanhoe Mines (TSX:IVN) announced today that its
board of directors has authorized the company to seek strategic advice at the project and corporate levels to help address
unsolicited interest that the company and its projects have received in recent months.
Executive Chairman Robert Friedland said, "The mining industry has taken notice of our company. Our remarkable Kakula
Discovery on the Central African Copperbelt certainly is helping to generate attention. We have received a number of unsolicited
inquiries from significant mining industry participants in Asia, Europe, Africa and elsewhere. In response, our board has taken
the prudent decision to seek strategic advice."
Mr. Friedland said it's expected that an investment bank will be retained, whose mandate will be to examine and advise
the board on all strategic options and alternatives available to the company.
The company also has commenced investor and banking analyst tours of its projects, including the Kakula Discovery.
Ivanhoe Mines' Chief Executive Officer Lars-Eric Johansson said it is important for analysts and investors to gain a first-hand
understanding of the progress and potential of our project offering and to see the scale of the Kakula Discovery. Following this,
we can obtain strategic advice and make informed decisions that benefit our shareholders and the other governmental, community
and local stakeholders in our projects."
Ivanhoe Mines will provide further comment only if a specific transaction or process is concluded, or if further
disclosure is required or deemed appropriate. There can be no assurance that the company will pursue any transaction or that a
transaction, if pursued, will be completed.
About Ivanhoe Mines
Ivanhoe Mines is advancing its three principal projects in Sub-Saharan Africa: Mine development at
the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa's
Bushveld Complex; mine development and exploration at the Kamoa Copper Project - which
includes the remarkable Kakula high-grade copper discovery - on the Central African Copperbelt in
the DRC; and upgrading and exploration at the historic, high-grade Kipushi zinc-copper-lead-germanium
mine, also on the DRC's Copperbelt. For details, visit www.ivanhoemines.com.
Cautionary statement on forward-looking information
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning
of applicable securities laws, including without limitation, the timing and results of (1) retaining an investment bank; (2)
obtaining strategic advice at the corporate and project levels; and (3) the possibility of any project level or corporate
transaction being agreed or concluded. Such statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the company, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking statements or information. Such
statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan",
"anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events
or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's
current expectations regarding future events, performance and results and speak only as of the date of this release.
All such forward-looking information and statements are based on certain assumptions and analyses made by Ivanhoe Mines'
management in light of their experience and perception of historical trends, current conditions and expected future developments,
as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a
variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward-looking information or statements including, but not limited to, changes in the strategic process of the
board; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties
to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of
infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to
deliver anticipated results or results that would justify and support continued studies, development or operations. Other
important factors that could cause actual results to differ from these forward-looking statements also include those described
under the heading "Risk Factors" in the company's most recently filed MD&A as well as in the most recent Annual Information
Form filed by Ivanhoe Mines. Readers are cautioned not to place undue reliance on forward-looking information or statements. The
factors and assumptions used to develop the forward-looking information and statements, and the risks that could cause the actual
results to differ materially are set forth in the "Risk Factors" section and elsewhere in the company's most recent Management's
Discussion and Analysis report and Annual Information Form, available at www.sedar.com.
Although the forward-looking statements contained in this news release are based upon what management of the company believes
are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their
entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to
update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of
this news release.