Ivanhoe Mines Issues Fourth Annual Sustainability Report Showcasing the Company's Achievements Toward Becoming a Global ESG Leader in Mining

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today the publication of its fourth annual Sustainability Report.

The report highlights Ivanhoe Mines' sustainability programs and initiatives in 2020, including significant accomplishments achieved at its three mine development projects, and outlines goals and benchmarks for current and future corporate activities.

Ivanhoe Mines recently passed the first milestone on its journey to produce the world's "greenest copper", with first concentrate production at the tier-one Kamoa-Kakula Project in the Democratic Republic of Congo (DRC) achieved on May 25th. We encourage all investors to see the outstanding sustainability initiatives undertaken by the company by viewing our 2020 Sustainability Report at: https://ivanhoemines.com/investors/sustainability-report/.

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"Long before the Environmental, Social, and Corporate Governance (ESG) movement went mainstream, Ivanhoe committed to being a modern leader in sustainability, environmental stewardship, community partnerships and responsible mineral production," said Executive Co-Chairman Robert Friedland. "Together with our partners, we are expanding Kamoa-Kakula to be the world's 'greenest' copper mine, and our team is confident that Ivanhoe will be an ESG leader in the mining industry for generations to come, with key exposure to commodities that are crucial components in the clean-energy transition."

In her introduction to the report, President and Chief Financial Officer Marna Cloete commended the Ivanhoe family for maintaining unity and strength during a challenging year: "Despite the strain, grief and challenges presented during the reporting year, our teams have rallied together, providing their unwavering commitment and support and thereby enabling Ivanhoe not only to navigate the unprecedented impacts of COVID-19 on our operations and daily engagements, but also to foster innovative partnerships and solutions to some of our problems which will have lasting, positive effects for our operations and host communities."

Patricia Makhesha, Executive Vice President, Sustainability and Special Projects, added: "Ivanhoe's culture is the heartbeat of our organization and is integral to everything that we do. Our culture is one of caring for others, and therefore of operating with the best interests of our key stakeholders in mind. Our culture encourages open communication at all levels of the organization, and behind the scenes at Ivanhoe we are all one big family, committed to each other and to the organizational mandate, which is rooted in a deep commitment to the sustainable development agenda."

Pictures showcasing several of the company's 2020 sustainability initiatives are shown below.

Israel Kainda, first grade student at the Musokantanda Agronomist Technical Institute near the Kamoa-Kakula Copper Project. Education is key to improving and changing lives, and Ivanhoe has worked hard to create opportunities for quality education for children and adults in communities surrounding all three of our mining projects.

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Dolly Molekoa from Ga-Molekana Village in Mokopane matriculated in 2013 and graduated from the University of Limpopo with a Bachelor's degree in Environmental and Resources in 2017. The Platreef Project sponsored Dolly throughout her studies and awarded her a scholarship to attend Hokkaido University in Sapporo, Japan, where she recently completed her Master's degree in Environmental Sciences.

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Women collecting water at the newly installed solar-powered water well at the Kaponda Village near the Kipushi Project. Ivanhoe Mines is committed to responsible water use in support of the United Nations' Sustainable Development Goals (SDGs) with regard to access to water and sanitation, and responsible consumption and production.

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A young Kipushi resident on his way to collect water from the solar-powered water wells installed by the Kipushi Project.

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Hendrietta Sarila, Environmental Coordinator, Platreef Project. Ivanhoe has developed goals to help build environmental resilience, promote diversity and inclusion, and foster inclusive growth and sustainable livelihoods in our host countries and communities. The number of women in the mining sector is low, and we are committed to playing a prominent role in addressing this issue.

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Chancelle Kabinda, a graduate cadet Utility Vehicle Operator, Kamoa-Kakula Project. Chancelle is part of Ivanhoe Mine's continued strategic effort to empower a new generation of highly skilled women.

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Jean Claude Ilunga Kashala, Auto Electrician, Kakula Mine. Investment in training opportunities for our employees as well as education opportunities for host communities is core to Ivanhoe's investment strategy.

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Members of Ivanhoe and Kamoa-Kakula's multinational senior management teams at Kakula's Phase 1 concentrator. L-R: Abraham Li (Director & Deputy General Manager, Kamoa Copper); Steve Amos (Head of Projects, Kamoa Copper); Annebel Oosthuizen (Executive, Finance, Kamoa Copper); Ben Munanga (Chairman, Kamoa Copper); Marna Cloete (President and CFO, Ivanhoe Mines); Wenneng Ke (Deputy General Manager, Kamoa Copper): Mark Farren (CEO, Kamoa Copper); Rochelle de Villiers (Co-CFO, Kamoa Copper); Minty Cai (Co-CFO, Kamoa Copper); and Olivier Binyingo (VP Public Affairs DRC, Ivanhoe Mines).

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Ivanhoe has successfully focused on prevention, preparation and mitigation in managing the risks associated with COVID-19. Large-scale testing, combined with focused preventative measures, ensured that positive cases were quickly identified, isolated and treated, with cross contamination kept to a minimum. Maintaining this high standard of risk management remains a daily focus, to prevent future cases.

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Ivanhoe is committed to powering its mines with energy from renewable energy sources, such as hydropower. The Mwadingusha hydro-power dam in the DRC is being upgraded to provide long-term, environmentally friendly electricity for the Kamoa-Kakula and Kipushi mines, and the Congolese people.

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About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.

Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground mining equipment become commercially available. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.

Information Contacts

Investors
Bill Trenaman
+1.604.331.9834

Media
Matthew Keevil
+1.604.558.1034

Website www.ivanhoemines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86888

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Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

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SAY PROPERTY:

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In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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