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Press release from Marketwire

Ivanhoe Mines Changes Name to Turquoise Hill Resources

New Trading Symbol "TRQ" to be Effective From August 8, 2012

Thursday, August 02, 2012

Ivanhoe Mines Changes Name to Turquoise Hill Resources17:24 EDT Thursday, August 02, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2012) - Ivanhoe Mines today announced that the company's name change to Turquoise Hill Resources Ltd. (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) now has gone into effect. The new name was approved by shareholders at the company's annual meeting on June 28, 2012.The company's new trading symbol will be "TRQ" and will become effective at the opening of trading on the Toronto Stock Exchange, the New York Stock Exchange and the NASDAQ Stock Market on August 8, 2012.Kay Priestly, Chief Executive Officer of Turquoise Hill Resources, said, "Changing our name to Turquoise Hill Resources marks another milestone in our corporate history. Our new name more closely aligns the company with our world-class Oyu Tolgoi Project and will have added significance as we rapidly approach the start of production."A corporate name change was an element of the memorandum of agreement with Rio Tinto announced on April 18, 2012.The change to Turquoise Hill Resources will not affect existing Ivanhoe Mines stock certificates. Shareholders are not required to submit their current certificate for new Turquoise Hill Resources stock certificates.About Turquoise Hill ResourcesTurquoise Hill Resources (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company's primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine development in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HK:1878); a 59% interest in copper-gold miner Ivanhoe Australia (TSX:IVA)(ASX:IVA), which is also developing a molybdenum-rhenium mine; and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.Follow us on Twitter @TurquoiseHillRe Forward-looking statements Certain statements made herein, including statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook.All such forward-looking information and statements are based on certain assumptions and analyses made by issuer's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risk Factors" included in the final prospectus or in the issuer's Annual Information Form, both filed on SEDAR and EDGAR. The reader is cautioned not to place undue reliance on forward-looking information or statements.FOR FURTHER INFORMATION PLEASE CONTACT: Jason CombesTurquoise Hill Resources Ltd. -Investors+1 604 648 3920jason.combes@turquoisehill.comORTony ShafferTurquoise Hill Resources Ltd.Media+1 604 648 3934tony.shaffer@turquoisehill.comwww.turquoisehill.com