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Ivanhoe Australia Appoints Jim Askew as an Independent Non-Executive Director
Published : June 28, 2011
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MELBOURNE, AUSTRALIA--(Marketwire - June 28, 2011) - Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(News - Market indicators), are pleased to announce the appointment to the Ivanhoe Australia Board of Directors of Jim Askew, a global mining executive.

Mr. Askew will serve as a non-executive, independent member of the Ivanhoe Australia board. His appointment is effective immediately.

"Mr. Askew's extensive experience across the full spectrum of the international resource sector with various companies will provide the board with important insights and skills during Ivanhoe Australia's current project development phase. In particular, his experience in exploration, project studies, development programs and the international resource equity markets will be invaluable to the board," said Mr. Friedland.

Mr. Askew has over 35 years of international mining and business experience leading numerous mining service and mining companies. He has served as the Chief Executive Officer for a wide range of Australian and international publically listed mining, mining finance and other mining related companies. Mr. Askew founded Golden Shamrock Mines, James Askew & Associates (now known as Australian Mining Consultants - AMC) and co-founded Ausdrill. Mr. Askew is currently Chairman of OceanaGold and on the Board of Conquest Mining and Golden Star Resources.

Mr. Askew holds a Bachelor of Mining Engineering (Honours) and Masters Degree, Engineering Science.

Ivanhoe Australia is in a strong project-development phase, with four projects potentially developed over the next five years. The project development roll-out that could see two initial projects commissioned on its Cloncurry tenements in northwestern Queensland: the resumption of production at the Osborne copper-gold mine in 2012 and start-up of the Merlin molybdenum-rhenium mine in 2013. Two additional copper-gold projects are under study: Mount Dore could be in production in 2014 and Mount Elliott in 2016. Successful launches of these projects would transform Ivanhoe Australia into a significant base-metal producer.

Ivanhoe Mines (TSX:IVA)(NASDAQ:IVN)(News - Market indicators) is Ivanhoe Australia's largest shareholder and currently owns, directly and indirectly, approximately 62% of Ivanhoe Australia's issued and outstanding shares.

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 harbor" 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. These include but are not limited to statements about project schedules and production commencements.

All such forward-looking information and statements are based on certain assumptions and analyses made by Ivanhoe Australia'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. The reader is cautioned not to place undue reliance on forward-looking information or statements.



Ivanhoe Australia Limited
Peter Reeve
Managing Director & CEO
61 3 9090 8802
peterr@ivancorp.net
www.ivanhoeaustralia.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Ivanhoe Australia Limited

EXPLORATION STAGE
CODE : IVA.AX
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Ivanhoe Australia is a copper and gold exploration company based in Australia.

Ivanhoe Australia develops copper, gold, molybdenum and rhenium in Australia.

Its main asset in development is MERLIN in Australia and its main exploration property is CLONCURRY/ SWAN - MT ELLIOT in Australia.

Ivanhoe Australia is listed in Australia. Its market capitalisation is AU$ 90.0 millions as of today (US$ 82.1 millions, € 60.5 millions).

Its stock quote reached its highest recent level on December 04, 2009 at AU$ 4.24, and its lowest recent point on June 07, 2013 at AU$ 0.10.

Ivanhoe Australia has 418 410 103 shares outstanding.

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5/27/2013Chief Executive Officer's Address
1/15/2013Announces Company Secretary Appointment
6/28/2011Appoints Jim Askew as an Independent Non-Executive Director
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12/8/2008High-Grade Molybdenum and Rhenium Discovery Confirmed by Iva...
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4/11/2013Response to Media Article
3/19/2013Production Successfully Commenced at Starra 276 Underground ...
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6/15/2012First Shipment of Concentrate From the Osborne Copper-Gold P...
6/8/2012Change of CEO
4/30/2012Significant Drilling Results at Ivanhoe Australia's Kulthor ...
4/12/2012Announces Board Changes
3/8/2012Achieves Producer Status
1/31/2012Accesses Very High Grade Little Wizard Molybdenum & Rhenium ...
1/19/2012Significant High-Grade Copper-Gold Intercepts in Resource De...
1/12/2012Receives $30.1 Million Distribution From Exco Resources' Ass...
10/28/2011Osborne Copper Gold Project on Track to Advance Ivanhoe Aust...
10/13/2011Completes Acquisition of 80% Interest in Exco Joint Venture ...
10/5/2011Foreign Investment Review Board Approval for Ivanhoe Mines t...
9/16/2011to Raise Up to A$150 Million Net Proceeds
4/20/2011Clarifies its Position on Exco Resources Limited's Market Re...
10/30/2009Quarterly Report to 30 September 2009
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