KINSHASA, Democratic Republic of Congo, March 08, 2018 (GLOBE NEWSWIRE) -- Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) welcomes
the commitment made yesterday by mining industry representatives and Democratic Republic of Congo President Joseph Kabila Kabange
to continue productive and mutually advantageous discussions to resolve industry concerns arising from the DRC’s 2018 mining code.
The commitment was part of a joint statement issued following a positive and constructive six-hour meeting in the DRC capital of
Kinshasa between President Joseph Kabila Kabange, the Honorable Minister of Mines Martin Kabwelulu, senior members of the
government and senior executives of international mining companies that have operations in the DRC. Companies with representation
at the CEO-level included China Molybdenum, Glencore and Randgold. MMG and Zijin Mining had senior executive representation.
Ivanhoe Mines was represented by Executive Chairman Robert Friedland.
The joint statement noted that President Kabila has assured the industry representatives that their concerns about the impacts
on their DRC operations that would result from changes to the DRC mining code will be resolved in legally binding mining
regulations.
A live video recorded late at night on March 7, 2018 in Kinshasa of the joint press conference with the Honorable Minister of
Mines Martin Kabwelulu and the industry principals that followed immediately after the six-hour meeting can be found here: https://youtu.be/WTl-EMl4J3g
About Ivanhoe Mines
Ivanhoe Mines is advancing its three principal projects in Southern Africa: 1) Mine development at the Platreef
platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa’s Bushveld Complex; 2) mine development and
exploration at the Tier One Kamoa-Kakula copper discovery on the Central African Copperbelt in the DRC; and 3) upgrading at the
historic, high-grade Kipushi zinc-copper-silver-germanium mine, also on the DRC’s Copperbelt. For details, visit
www.ivanhoemines.com.
Information contacts
Investors
Bill Trenaman +1.604.331.9834
Media
North America: Bob Williamson +1.604.512.4856
South Africa: Jeremy Michaels +27.82.772.1122
