Source: Ivanhoe Mines    Date: May 14, 2010

Ivanhoe Mines has nominated former Mongolian ambassador to China G. Batsukh to become Chairman of the Board of Directors of Oyu Tolgoi LLC.  "Mr. Batsukh has been closely associated with the Oyu Tolgoi story virtually since it began with Ivanhoe's exploration drilling in 2001, when he was appointed Mongolia's first ambassador to Canada. Now we are proud to nominate him for this key role with the team that is building the mining complex, which is the largest industrial development in Mongolia's history," Mr. Peter Meredith, Deputy Chairman of Ivanhoe Mines said, making the announcement.

"Mr. Batsukh's experience in international affairs and consensus building, and his understanding of the expectations that the Mongolian people have in supporting the development of their resources, will be an invaluable asset to the company and the process," the statement said.

Ivanhoe Mines appoints six of the nine members of the Oyu Tolgoi LLC Board of Directors and also nominates the Chairman. The Mongolian Government appoints three Directors. Mr. Batsukh's nomination as Chairman will be confirmed at the first meeting of the Board being planned for June.

The other Ivanhoe Mines appointees for directorships are Mr. Meredith, Deputy Chairman of Ivanhoe Mines since 2006 and Chairman of Ivanhoe subsidiary SouthGobi Resources; Mr. John Macken, Chief Executive Officer, President and a Director of Ivanhoe Mines; Mr. Sam Riggall, who joined the Ivanhoe Mines subsidiary, Ivanhoe Australia, earlier this year as Executive General Manager – Commercial, after having served as General Manager of Business Evaluation for Rio Tinto; Mr. William (Bill) Weld, international business adviser to the Ivanhoe group of companies and a former Governor of Massachusetts; and Mr. Andrew Harding, Rio Tinto's Chief Executive, Copper, and a member of the Ivanhoe Mines Board of Directors.

The Mongolian Government's representatives on the Board, as reported in the NewsWire last week, are Mr. N. Bagabandi, Mongolia's second President; Mr. P. Tsagaan, an adviser to President Ts. Elbegdorj on minerals, energy and infrastructure policies, and a former Minister of Finance; and Mr. Ch. Ganbold, Chairman of the board of XacBank and Tenger Financial Group.