Ivanhoe Mines (TSX:IVN) announced today that Robert Friedland, the company's
Executive Chairman, has fully exercised his option to purchase an additional 2.5
million units, consisting of one Class A common share and one Class A common
share purchase warrant, at a price of C$1.50 per unit for gross proceeds to the
company of C$3.75 million. 


Mr. Friedland's option to purchase additional units was part of the original
terms of the Ivanhoe Mines private-placement financing that was announced on May
20, 2014, and which closed on June 10, 2014. As part of the financing, Mr.
Friedland purchased 16,666,667 units - under the same terms and conditions as
the Ivanhoe Mines' bought-deal financing (C$1.50 per unit) that was conducted
concurrently. His investment provided additional gross proceeds to the company
of C$25 million. The terms of the private-placement financing also allowed Mr.
Friedland 30 days after the June 10, 2014, closing date to exercise his option
to purchase an additional 2.5 million units, which became effective when the
underwriters exercised their over-allotment option in whole. Details of the
financings can be found in Ivanhoe Mines' news releases dated May 20, 2014, and
June 10, 2014.


Mr. Friedland now beneficially owns 167,133,422 common shares, or 23.8% of the
company's outstanding common shares. Mr. Friedland also beneficially owns
19,166,667 warrants issued in connection with the financings. Mr. Friedland has
acquired the common shares for investment purposes. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investors
Bill Trenaman
+1.604.688.6630


Media
North America: Bob Williamson
+1.604.512.4856


Media
South Africa: Jeremy Michaels
+27.11.088.4300
www.ivanhoemines.com
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