Corporate

Robert Friedland is in the vanguard of North American natural-resource sector leaders who have pioneered business links in Greater China and the Asia Pacific region during the past 20 years. One of the mining industry's best-known international financiers, Mr. Friedland has been associated with resource development and technology ventures for 25 years.

As the founder and Chief Executive Officer of Ivanhoe Mines — a Canadian public company whose shares trade on the New York, NASDAQ and Toronto exchanges — Mr. Friedland has directed the assembly by Ivanhoe Mines of a portfolio of interests in several countries during the past 14 years.

David Huberman was elected as Chairman of the Ivanhoe Mines Board of Directors in May 2011, in accordance with the terms of the Heads of Agreement concluded between Ivanhoe Mines and Rio Tinto in December 2010. His accession to the office followed almost eight years as the lead independent director on the Ivanhoe Mines Board, with responsibility for ensuring that the Board fulfilled its mandate effectively, efficiently and independently of management.

Mr. Huberman is President of Coda Consulting Corp., a business consulting firm based in Vancouver, Canada. He practiced business law from 1972 until 1996, specializing in corporate, commercial, banking, securities and regulatory law. He also has extensive domestic and international experience in the negotiation, structuring and financing of a variety of business enterprises.

Mr. Huberman is a graduate of the University of British Columbia (B.A. and LL.B.) and of Harvard Law School (LL.M.). He was called to the bar in British Columbia in 1960 and was a full-time member of the Faculty of Law at the University of British Columbia from 1960 to 1972. Prior to establishing his own law and consultancy practice in April 1993, Mr. Huberman was a senior partner in the Vancouver law firm of Freeman and Company. From 1990 to 1993, he served as Chairman of the Executive Committee of Goodman, Freeman, Phillips and Vineberg (whose constituent law firms were based in Toronto, Vancouver and Montreal), an international law firm with offices in New York, Hong Kong and Taipei.

Peter Meredith, CA, Ivanhoe's former Chief Financial Officer (CFO), assumed the position of Deputy Chairman in May, 2006, overseeing the company's business development and corporate relations. A member of the company's board of directors, Mr. Meredith was Ivanhoe's CFO from May, 2004, to May, 2006, and from June, 1999, to November, 2001. Previously, he spent 31 years with Deloitte and Touche LLP, Chartered Accountants.

Mr. Meredith also is Chairman of SouthGobi Resources Ltd. (SGQ-TSX, 1878-HK), a majority-owned coal company focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi Region. The company's flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China.

Ed Flood is the Chairman of Concordia Resource Corp., a Canadian-based mineral exploration corporation. Mr. Flood was Ivanhoe's founding President and served as Deputy Chairman of Ivanhoe Mines until February 2007, assisting in developing Ivanhoe's growth and its significant presence in Asia's mineral exploration and mining sectors. Mr. Flood was Managing Director, Investment Banking, for Haywood Securities (UK) Ltd., a subsidiary of one of Canada's leading independent investment dealers, from March 2007 to March 2010.

Mr. Flood also is an independent director and Chairman of Byron Capital Markets.

Prior to joining Ivanhoe Mr. Flood was a principal at Robertson Stephens & Co., a U.S. investment bank, and a member of Robertson Stephens' investment team. From 1983 to 1993, he served as Manager, Project Evaluation for NERCO Minerals Corporation and also held the position of senior mining analyst with Haywood Securities from 1999 to 2001.

Mr. Flood holds a Master of Science (Geology) degree from the University of Montana and a BSc (Geology) degree from the University of Nevada. He is a member of the Institute of Corporate Directors.

Dr. Marc Faber was appointed to Ivanhoe Mines' Board of Directors in February, 2002. He is managing director of Marc Faber Limited, a Hong Kong-based investment firm that provides advisory services to mutual funds. Dr. Faber is also a distinguished public speaker and author. He is the publisher of a widely-read monthly investment newsletter and author of a best-selling financial book. In addition, he is a regular contributor to several leading financial publications around the world.

Dr. Faber is associated with a variety of funds including the Iconoclastic International Fund, The Baring Chrysalis Fund, The Overlook Partners' Fund, The Income Partners Global Strategy Fund, The India Capital Fund, The Matterhorn India Fund, The Magna Europa Fund plc, The China Mantou Fund and Sofaer Capital Inc.

Dr. Faber studied Economics at the University of Zurich and obtained a Ph.D. in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. Dr. Faber established Marc Faber Limited in 1990.

David Korbin, CA, was appointed to the company's Board of Directors in May, 2006. Mr. Korbin presently works as a management and financial consultant. He is a director of E-Comm Emergency Communications for Southwest British Columbia. He has been Chairman of E-Comm's board of directors since 2004 and was Chairman of the audit committee from 2002 to 2003. From 1992 to 2000, he was a director of the Vancouver General Hospital and then the Vancouver Hospital and Health Sciences Centre, serving as Chairman of the Vancouver General Hospital audit committee from 1993 to 1994 and Chairman of the Vancouver Hospital and Health Sciences Centre from 1995 to 1998. Mr. Korbin qualified as a Chartered Accountant in 1966, and from 1990 to 1992 he was a managing partner of Deloitte Touche LLC. Mr. Korbin also is a director of Seaspan Corporation (NYSE - SSW), and is Chairman of Seaspan's Audit Committee.

Livia Mahler was appointed to Ivanhoe Mines Board of Directors in March, 2009. A venture capitalist since 1994, Ms. Mahler is widely recognized for her strategic insights into the Canadian venture industry. In 1996, Ms. Mahler identified a critical lack of funding available to early, or seed stage technology companies in Canada. Ms. Mahler championed the creation of 3 funds across Canada targeted specifically at early stages. As a founder and General Partner of the Vancouver based Western Technology Seed Investment Fund (WTSIF), she was instrumental in the initial funding of over 25 technology companies across BC, Alberta and Saskatchewan. In addition to her duties with WTSIF, Ms. Mahler held investment responsibilities as Senior Investment Manager with the Business Development Bank of Canada's Venture Capital Group.

Prior to launching Greenstone in 1999, Ms. Mahler worked in a broad range of technology-related fields, providing her with the background needed to effectively assist dynamic new firms. She worked as a medical researcher before turning her attention to portfolio management with the City of Vancouver. She has invested in life sciences, Internet, and semiconductor companies and serves on the boards of several technology firms in Canada and the United States.

Ms. Mahler earned a Bachelor of Science from Hebrew University in Jerusalem and an MBA from UBC. Ms. Mahler currently serves on the Advisory Board of the Maurice Young Entrepreneurship and Venture Capital Research Centre at the Sauder Business School at UBC and on the Institutional Committee of the Canadian Venture Capital Association.

Andrew Harding serves as Chief Executive of Rio Tinto's global Copper product group and is based in London. Prior to his current role, Mr. Harding was President and Chief Executive Officer at Rio Tinto's Kennecott Utah Copper in Salt Lake City.

Mr. Harding previously served as Global Practice Leader for Mining in Rio Tinto's Technology and Innovation group where he focused on leading performance improvement initiatives and he has held a variety of operations positions throughout his career in Rio Tinto's iron ore, energy and aluminium businesses in Australia.

Mr. Harding holds an MBA from Deakin University in Australia and a Bachelor of Mining Engineering degree from University of New South Wales in Australia.

Mr. Harding previously was a director of Ivanhoe Mines from November, 2009 to July, 2010. He was re-appointed to the board in February, 2011.

Tracy Stevenson, B.Sc., CPA, is a senior mining industry executive with international experience in finance, mergers and acquisitions, strategic planning, corporate governance, auditing, administration, information systems and technology. Mr. Stevenson retired in 2007 after 26 years with Rio Tinto and related companies, where he held a number of senior leadership positions and was involved with major exploration, development and financing projects. Mr. Stevenson was appointed to the Ivanhoe Mines board in May, 2010.

Dan Westbrook held senior executive positions with BP in China, Argentina, the United States, Russia and the Netherlands before retiring from the company in January 2006. From 2001 to 2005, Mr. Westbrook served as President of BP China Gas, Power & Upstream, and as Vice Chairman of the Board of Directors of Dapeng LNG, a Sino joint venture between BP and CNOOC Gas & Power Ltd. and a group of Chinese companies. Mr. Westbrook also serves on the board of Enbridge Energy Company and Enbridge Energy Management, and is President of the Board of the Carrie Tingley Hospital Foundation. He is a former director of Synenco Energy Inc., a Calgary-based oil sands company and of Knowledge Systems, Inc. a privately held U.S. company that provided software and consultant services to the oil and gas industry. Mr. Westbrook was appointed to the Ivanhoe Mines board in September, 2010.

Michael Gordon was a senior executive with Anglo American for 19 years and held the position of Executive Vice President and Chief Financial Officer of the company's Anglo Base Metals division from 1999 to 2008. He led the building of the base metals division into Anglo American's best performing and most profitable operating division. Mr. Gordon has extensive experience in relation to financial management, strategic development, mergers, acquisitions, disposals, investor relations and negotiations with governments and regulators.
Mr. Gordon was appointed to the Ivanhoe Mines board in September, 2010.

Kay Priestly was appointed Chief Financial Officer of Rio Tinto's global Copper product group in 2008. Ms. Priestly joined Rio Tinto in 2006 as Chief Financial Officer at Rio Tinto's Kennecott Utah Copper operations.

Before joining Rio Tinto, Ms. Priestly served as Vice President, Risk Management and General Auditor for Entergy Corporation. She previously spent over 24 years with global professional services firm Arthur Andersen, where she provided tax and consulting services to global companies in the energy and mining sectors. While at Andersen, she was a member of the global energy team, served as managing partner of the New Orleans office and was a member of Andersen's global executive team.

Ms. Priestly is a director of Stone Energy Corporation and previously served as a director of Palabora Mining Company Limited. Ms. Priestly was appointed to the Ivanhoe Mines board in February, 2011.

Dan Larsen has been based in London, England, as Rio Tinto Group Controller and Global Head of Planning and Reporting since 2005. He is a director of Rio Tinto International Holdings Ltd., which holds Rio Tinto's interest in Ivanhoe Mines. Mr. Larsen joined Rio Tinto in 1992 and previously was a senior manager with Ernst & Young's mining practice. Mr. Larsen holds a BS in accounting from the University of Utah.

Mr. Larsen was appointed to the Ivanhoe Mines board in July, 2011.