Ivanhoe Mines Reports Additional High-Grade Zinc, Copper, Silver and Germanium Drill Results From Ongoing Exploration Program at the Kipushi Mine in the Democratic Republic of Congo

LUBUMBASHI, DEMOCRATIC REPUBLIC OF CONGO--(Marketwired - Feb. 17, 2015) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that additional, exceptionally high-grade zinc, copper and silver drill intercepts have been reported in the fourth batch of assay results from the company's underground diamond-drilling program at the historic, high-grade Kipushi copper-zinc-germanium-lead and precious-metals mine.

Drilling at depth to the south of the Big Zinc zone has revealed a new intersection of massive sulphide mineralization containing sphalerite (zinc), chalcopyrite (copper) and pyrite. Hole KPU072 - drilled through the historical Big Zinc zone from the hanging-wall drill drift 1,272 metres below surface to test for the depth extension of the Big Zinc to the south - intersected a zone of significant massive sulphide mineralization over a down-hole length of 60 metres. It is uncertain at this stage if the intersection forms a down plunge extension of the Big Zinc zone or is a separate body of mineralization.

"Our underground drilling program at Kipushi is continuing to deliver exceptionally high-grade intercepts in several target areas, while leading to an improved understanding of geology and structural controls on the mineralization," said Mr. Friedland.

"The recent intercept in hole KPU072 highlights the potential to discover new zones of high-grade zinc and copper mineralization. We're looking forward to drill-testing these targets as our drilling program continues."

The Kipushi Mine is on the Central African Copperbelt in southern Katanga province, approximately 30 kilometres southwest of Lubumbashi and less than one kilometre from the DRC-Zambia border.

Highlights of the new assay results include:

• KPU051 drilled on section line 7: 188.5 metres grading 49.7% zinc, 0.3% copper, 15 grams per tonne (g/t) silver and 58 g/t germanium.
  
  
• KPU055 drilled on section line 7: 162.9 metres grading 51.1% zinc, 0.4% copper, 11 g/t silver and 59 g/t germanium.
  
  
• KPU057 drilled on section line 5: 175.7 metres grading 50.3% zinc, 0.3% copper, 11 g/t silver and 27 g/t germanium.
  
  
• KPU058 drilled on section line 11: 41.4 metres grading 42.1% zinc, 3.8% copper, 54 g/t silver and 71 g/t germanium, including a copper-rich intercept of 6.0 metres grading 6.0% zinc, 22.6% copper, 203 g/t silver and 177 g/t germanium.