Ivanhoe Australia Limited

Ivanhoe Australia Limited

November 26, 2010 10:56 ET

Ivanhoe Australia's Warrants to Commence Trading on the TSX on 29 November

MELBOURNE, AUSTRALIA--(Marketwire - Nov. 26, 2010) - Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (IAL) (TSX:IVA)(ASX:IVA), today announced that the company has received approval for its warrants to list and trade on the Toronto Stock Exchange (TSX).

The company's warrants will commence trading on the TSX on 29 November 2010 under the symbol IVA.WT. The warrants are also listed on the Australian Securities Exchange (ASX) and have traded on that exchange under the symbol IVAO since 13 September 2010.

Each warrant (referred to as share options for Australian securities purposes) entitles the holder to purchase one ordinary share in Ivanhoe Australia at an exercise price of A$3.38 (in Australian dollars only) and may be exercised at any time before 5.00pm (Melbourne time) on 20 September 2011.

"The listing of these warrants is another great opportunity for Canadian investors to gain access to the strong exploration and development potential that Ivanhoe Australia offers," Mr Reeve said.

"The warrants are already in the money and if our share price remains at this level the exercise of these warrants could potentially be a source of significant new funding for Ivanhoe Australia by the close of the warrant period in September 2011."

The company's ordinary shares and warrants closed at A$3.48 and A$0.52, respectively, on the ASX on 26 November 2010 and C$3.53 on the TSX on 24 November, 2010 (last close before US Thanksgiving holiday).

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 price of the company's securities in the future and the expectation that the company's warrants (which are "already in the money") will be exercised by holders.

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.

Contact Information