Ivanhoe Australia Limited

Ivanhoe Australia Limited

November 12, 2010 14:14 ET

Ivanhoe Australia Commences Trading on the Toronto Stock Exchange

MELBOURNE, AUSTRALIA--(Marketwire - Nov. 12, 2010) - Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (IAL) (TSX:IVA)(ASX:IVA), are pleased to announce that the company's stock began trading on the Toronto Stock Exchange following the company's participation in a traditional market-opening ceremony in Toronto this morning.

The company's ordinary shares are listed under the symbol IVA. The company will maintain its listing on the Australian Stock Exchange where its shares and warrants are traded under the symbols IVA and IVAO.

There is no equity offering as part of the Toronto Stock Exchange (TSX) listing. Ivanhoe Australia recently raised A$269 million and issued warrants that could raise a further A$158 million and is therefore well funded for its significant developments over the foreseeable future.

The company expects that its tradable warrants (referred to as share options for Australian securities purposes) will also be listed on the TSX in the near future.

The company will remain headquartered in Australia. A Toronto-based Investor Relations Manager will be appointed to support the company's TSX listing and its activities in the Canadian equities market.

BMO Capital Markets and Macquarie Capital Markets Canada Ltd. acted as financial advisers to Ivanhoe Australia's TSX listing application.

Computershare Investor Services Inc. has been appointed as the company's Branch Registrar and Transfer Agent in Canada. Computershare Investor Services Limited in Australia will remain the company's Main Agent.

For more information regarding Ivanhoe Australia, please visit the company website: www.ivanhoeaustralia.com.

Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) 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 the company's expectation that its tradable warrants (referred to as share options for Australian securities purposes) will also be listed on the TSX in the near future.

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.

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