Turquoise Hill Resources Appoints Two New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2012) - Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced that the company's Board of Directors has appointed Charles Lenegan and Jeffery Tygesen as directors of the company, bringing the total number of directors to 13.

Dr. David Klingner, Chairman of the Board, said, "Charles and Jeffery both have extensive backgrounds in the global mining industry and will bring valuable knowledge and experience to the board as Turquoise Hill moves toward production at Oyu Tolgoi."

Mr. Charles Lenegan currently serves as a director of Oz Minerals Limited and as non-executive Chairman of Rey Resources Limited. He previously spent 28 years with Rio Tinto in various senior management positions and is a former Chairman of the Minerals Council of Australia.

Mr. Jeffery Tygesen currently serves as Vice-President, Copper Development at Rio Tinto, a position he has held since 2009. He has been with Rio Tinto for the past 30 years in a variety of positions within the company's copper, energy and diamond divisions.

About Turquoise Hill Resources

Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company's primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine development in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HK:1878); a 59% interest in copper-gold miner Ivanhoe Australia (TSX:IVA)(ASX:IVA); and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.

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