Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that it has received a notice of arbitration from Entrée Resources Ltd. ("Entrée") in connection with the Earn-in Agreement (the "Earn-in Agreement") with Entrée.
The Company disputes the characterizations made by Entrée in its news release dated May 26, 2022 announcing the initiation of arbitration proceedings. Turquoise Hill has been in discussions with Entrée in order to resolve certain commercial disagreements in connection with the Earn-in Agreement. The Company reserves all of its rights and will vigorously defend itself. The Company will update the market as appropriate.