IVN Ivanhoe Mines Ltd

Robert Friedland, Executive Chairman, and Lars-Eric Johansson, Chief Executive
Officer of Ivanhoe Mines (TSX:IVN), announced today that the South African
government's Department of Mineral Resources has approved Ivanhoe's application
for a long-term mining right covering the development of platinum-group
elements, nickel, copper and gold resources at the company's Platreef Project on
the Northern Limb of the Bushveld Igneous Complex in South Africa's Limpopo
Province.


The Department of Mineral Resources notified Ivanhoe Mines on Friday, May 30,
that Platreef's mining right had been granted. Ivanhoe now has the right to mine
and process all platinum group metals, nickel, copper, gold and certain
associated metals and minerals from the Platreef Project mining area, subject to
the company complying with the terms on which the mining right was granted -
including the requisite environmental management program becoming effective,
which is expected in due course. It also is expected that the mining right, when
executed, will be for an initial period of up to 30 years and will be renewable
for an unlimited number of consecutive periods each of up to 30 years.


"The awarding of this mining right is hugely significant not only for Ivanhoe
Mines but for South Africa's mining industry as a whole and is a culmination of
Ivanhoe's exploration on the Bushveld for the past 16 years," said Mr.
Friedland.


He noted that the company launched a deep-drilling program in 2007 that produced
the "transformational" Flatreef Deposit, Platreef's most remarkable discovery,
which is projected to become Africa's lowest-cost producer of platinum-group
metals.


"Ivanhoe now has the green light from the South African government to build a
pre-eminent mine that will create thousands of new direct and indirect jobs and
contribute to socio-economic development in the Mokopane region and beyond.


"We are looking forward to building and bringing our Platreef mine into
production in partnership with local communities, entrepreneurs, employees and
the government - stakeholders that share our commitment to responsible and
responsive mining."


Mr. Friedland hailed the cooperation between officials of the Department of
Mineral Resources (DMR) and other national and provincial government offices,
local community representatives and members of Ivanhoe's project team who helped
shape the Broad-Based Black Economic Empowerment (B-BBEE) initiative that has
been designed to deliver significant benefits for its participants, particularly
the residents in the local communities.


"The thorough, year-long examination of our mining-right application provided
opportunities for the Ivanhoe team to present firm details of our undertakings
and to share expectations of the extent of the economic and social benefits to
be realized through the development of our discoveries. Platreef's creation of
jobs and attraction of new capital investment will help to enhance South
Africa's role as one of the world's leading mineral producing and processing
nations."


Mr. Johansson said Ivanhoe would pursue its phased approach to the development
of the Platreef Project that was announced in the independent, preliminary
economic assessment released in March 2014.


The approval of the mining-right application followed an intensive review and
engagement between representatives of Ivanhoe and the DMR which finalized
details of Ivanhoe's corporate programs covering the required social, labour,
environmental management and mining commitments.


Mr. Johansson expressed Ivanhoe's appreciation for the hard work and dedication
of officials at the DMR to ensure that the Platreef mining-right application was
thoroughly reviewed and approved prior to the expiration of the company's
prospecting right on May 31.


"This inspires confidence in South Africa's regulatory framework and shows the
government's commitment to growing the South African mining industry," said Mr.
Johansson.


Agreement also was reached on acceptable terms for a B-BBEE participation
structure that were progressively refined and optimized to ensure that the
resulting partnership would deliver long-term benefits to local communities and
entrepreneurs, as well as to Platreef's employees. In terms of Platreef's mining
right, the B-BBEE partners will own a combined 26% of the Platreef Project.
Additional details of the B-BBEE participation structure will be released in the
near future.


Ivanhoe's present 90% ownership of the Platreef Project will be reduced to 64%
after the 26% stake in the project is conferred on the B-BBEE entity. The
remaining 10% will continue to be owned by a Japanese consortium of Itochu
Corporation; ITC Platinum Development Ltd., an Itochu affiliate; Japan Oil, Gas
and Metals National Corporation; and Japan Gas Corporation. The Japanese
consortium's 10% interest in the Platreef Project was acquired in two tranches
for a total investment of $290 million; the remaining proceeds of the investment
are continuing to fund development work on the project.


The scientific and technical information in this news release has been reviewed
and approved by Stephen Torr, P.Geo., Ivanhoe Mines' Vice President, Project
Geology and Evaluation, a Qualified Person under the terms of National
Instrument 43-101. Mr. Torr has verified the technical data disclosed in this
news release.


Cautionary statement on forward-looking information

This news release contains "forward-looking statements" or "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Such statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the company
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 news release.


Specific statements contained in this news release that constitute
forward-looking statements or information include, but are not limited to, the
implementation of the Broad-Based Black Economic Empowerment structure for the
Platreef Project; and the phased approach to the development of the Platreef
Project.


With respect to forward-looking statements or information contained in this news
release, in making such statements or providing such information, the company
has made assumptions including upon the accuracy of the estimation of mineral
resources; that studies of estimated mine life and production rates at the
Platreef Project will provide results that support anticipated development and
extraction activities; that the company will be able to obtain additional
financing on satisfactory terms; that infrastructure anticipated to be developed
or operated by third parties, including electrical generation and transmission
capacity, will be developed and/or operated as currently anticipated; that laws,
rules and regulations are fairly and impartially observed and enforced; that the
market prices for relevant commodities remain at levels that justify development
and/or operation of the Platreef Project; that parties to contracts perform as
contracted, and that the company will be able to successfully negotiate land
access with holders of surface rights.


A number of factors could cause actual results to differ materially from the
results discussed in the forward-looking statements, including without
limitation, the factors discussed in the company's Annual Information Form, as
well as unexpected changes in laws, rules or regulations, or their enforcement
by applicable authorities; changes in commodity prices; the failure of parties
to contracts with the company to perform as agreed; social or labour unrest; or
litigation or court or regulatory proceedings.


Although the forward-looking statements contained in this news release are based
upon what management of the company believes are reasonable factors and
assumptions, the company cannot assure readers that actual results will be
consistent with these forward-looking statements. The company's actual results
could differ materially from those anticipated in these forward-looking
statements, as a result of, among others, those factors noted above and those
listed in the Annual Information Form under the heading "Risk Factors".
Accordingly, readers should not place undue reliance on forward-looking
information. 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 Canadian securities laws, the company assumes
no obligation to update or revise the forward-looking statements contained
herein to reflect events or circumstances occurring after the date of this news
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ivanhoe Mines Ltd. - Investors
Bill Trenaman
+1.604.688.6630


Ivanhoe Mines Ltd. - Media
North America:
Bob Williamson
+1.604.512.4856


South Africa:
Jeremy Michaels
+27.82.939.4812
www.ivanhoemines.com

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