Turquoise Hill Appoints Brendan Lane as Vice President, Operations and Development

VANCOUVER, BC--(Marketwired - January 20, 2016) - Turquoise Hill Resources today announced the appointment of Brendan Lane as Vice President, Operations and Development effective February 1, 2016. Mr. Lane brings 25-years of industry experience including metallurgical, mine engineering and commercial roles at Rio Tinto, Anglo American and BHP Billiton.

Jeff Tygesen, Turquoise Hill Chief Executive Officer, said, "Brendan's extensive engineering and commercial background will be extremely valuable to Turquoise Hill and we are delighted to have him join our team. Working with the project team, he will play a critical role in the further development of Oyu Tolgoi."

Since 2013, Mr. Lane has served as Minera Escondida Limitada and Grasberg Finance Director at Rio Tinto Copper. In this capacity, he provided strategic guidance and decision support to operational management teams with joint venture partners BHP Billiton and Freeport-McMoRan. Previously, Mr. Lane held a variety of commercial roles in the Rio Tinto copper and coal business units as well as engineering positions at Anglo American and BHP Billiton.

Mr. Lane holds a Chemical Engineering degree from the University of Queensland and a Master of Applied Finance degree from the University of Southern Queensland.

About Turquoise Hill Resources

Turquoise Hill Resources (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ) is an international mining company whose primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine in southern Mongolia.

Forward-looking statements

Certain statements made herein, including statements relating to matters that are not historical facts and statements of the Company's 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 U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information and statements relate to future events or future performance, reflect current expectations or beliefs regarding future events and 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 respecting anticipated business activities, planned expenditures, corporate strategies and other statements that are not historical facts.

Forward-looking statements and information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurances that such statements or information will prove accurate. Such statements and information contained herein represent the Company's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements or information or to conform these forward-looking statements or information to actual results, except as required by law.

Important factors that could cause actual results to differ from these forward-looking statements and information are included in the "Risk Factors" section of the Annual Information Form dated as of March 20, 2015 in respect of the year ended December 31, 2014.

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