MOKOPANE, SOUTH AFRICA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng “Miles” Sun announced today that the company’s South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 to a final depth of 996 metres below surface. Underground mine development work now will focus on the construction of the 996-metre-level station at the bottom of the shaft, with final completion forecasted by the end of July 2020, well ahead of the contractual schedule.