Turquoise Hill Announces Disposal of Shares of SouthGobi Resources

Turquoise Hill Resources (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ)today announced that it has disposed of 375,000 common shares (the Shares) of SouthGobi Resources Ltd. (SouthGobi) on September 22, 2016 at an average price of CDN$0.2780 per Share (the Transaction). Immediately following the Transaction, Turquoise Hill beneficially owns or controls 25,562,868 Shares, representing approximately 9.9198% of SouthGobi’s issued and outstanding common shares.
The common shares of SouthGobi are listed on the Toronto Stock Exchange and trade under the trading symbol SGQ and on the Hong Kong Stock Exchange and trade under the trading symbol 1878. The Transaction was carried out in the market. The Shares were disposed of in the ordinary course of business. Turquoise Hill may in the future further decrease its investment in SouthGobi.
An early warning report respecting this disposition has been filed on the System for Electronic Document Analysis and Review (SEDAR) under SouthGobi’s profile and can be viewed at www.sedar.com.
About Turquoise Hill Resources
Turquoise Hill Resources (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ) is an international mining company whose primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine in southern Mongolia.
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Forward-looking statements
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Important factors that could cause actual results to differ from these forward-looking statements and information are included in the “Risk Factors” section of the Annual Information Form dated as of March 15, 2016 in respect of the year ended December 31, 2015.