IVANHOE MINES LTD.

Ivanhoe Mines announced it has received an initial, independent NI 43-101 Resource Estimate for the Merlin molybdenum and rhenium deposit, which comprises part of Ivanhoe Australia’s Mt. Dore Project in the Cloncurry District in northwestern Queensland, Australia. The estimate is based on results from 129 drill holes, totalling 28,366 metres, completed to June 30, 2009. Using a cut-off grade of 0.3% molybdenum, the estimated Indicated Resources total 5.2 million tonnes at a grade of 1.0 % molybdenum and 16 g/t rhenium, containing 52,000 tonnes of molybdenum and 83 tonnes of rhenium, plus additional Inferred Resources totalling 3.5 million tonnes at a grade of 0.8% molybdenum and 14 g/t rhenium, containing 28,000 tonnes of molybdenum and 49 tonnes of rhenium.