Phase-One Drilling Program Improves Grades and Extent of High-Grade Gold Mineralization at Ivanhoe Mines’ 50%-Owned Kyzyl Gold Project in Northeastern Kazakhstan

Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), and David Woodall, Chief Executive Officer of Altynalmas Gold Ltd., announced today that gold mineralization has been expanded and upgraded by confirmatory drilling at Altynalmas’s Kyzyl Gold Project in northeastern Kazakhstan.

The press release is quoted as saying:

Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) is an international mining company with operations focused in the Asia Pacific region. Assets include the company’s 66% interest in the Oyu Tolgoi copper-gold mine development project in southern Mongolia; its 57% interest in Mongolian coal miner SouthGobi Resources (TSX: SGQ; HK: 1878); an 81% interest in Ivanhoe Australia (ASX: IVA), a copper-gold-uranium-molybdenum-rhenium exploration and development company; and a 50% interest in Altynalmas Gold Ltd., a private company developing the Kyzyl Gold Project in Kazakhstan.

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