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 Executive Chairman 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.

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 Energy Resources Ltd. (SGQ-TSX), 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.

John Macken joined Ivanhoe in November, 2003, after a 19-year career with mining giant Freeport McMoran Copper and Gold, most recently as Freeport's Senior Vice-President of Strategic Planning and Development, based in New Orleans. He spent a total of 13 years with Freeport's operating unit, P.T. Freeport Indonesia (PTFI), culminating in the position of Executive Vice-President and General Manager at Freeport's Grasberg mining complex in Papua, the world's largest single copper and gold mine.

As Chief Executive Officer and President of Ivanhoe Mines, Mr. Macken has a mandate to assemble and lead the management team charged with bringing into production the company's world-class copper and gold discoveries in Mongolia's South Gobi region.

David Huberman was appointed to the company's Board of Directors in September, 2003, as the lead independent director. In this position, Mr. Huberman's role is to ensure that the Board executes its mandate effectively, efficiently and independently of management.

Mr. Huberman is President of Coda Consulting Corp., a law and business consulting firm based in Vancouver, Canada. Mr. Huberman practiced business law from 1972 until 1996, specializing in corporate, commercial, banking, securities and regulatory law. He 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.). Mr. Huberman 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, for many years, 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.

Edward Flood was Ivanhoe's founding President and has been a member of the board of directors since Ivanhoe was formed in 1994. His 35-plus years of experience in the international mining field has helped guide Ivanhoe's growth and the establishment of the company as a significant presence in Asia's mineral exploration and mining sectors.


Before joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco, USA. He was a member of the Robertson Stephens' investment team for the Contrarian Fund, a public mutual fund concentrated on natural resources development projects around the world. Mr. Flood also has held the position of senior mining analyst with a prominent Canadian securities firm. In March 2007, Mr. Flood was appointed Managing Director, Investment Banking, Haywood Securities (UK) limited.

He holds a bachelor's degree and a master's degree in Geology.

Kjeld Thygesen is the managing director of Lion Resource Management, a London-based mining and corporate finance consultancy firm that is the advisor to several leading mining and natural resource funds, including Excelsior Mining Fund, Azure Energy Fund and Tiger Resource Finance Plc, an AIM-listed finance company. Mr. Thygesen has more than 30 years' experience in the mining investment business. Before founding Lion Resource Management in 1989, Mr. Thygesen held various positions with NM Rothschild & Sons and was an international mining research analyst at James Capel.

Mr. Thygesen joined Ivanhoe Mines' board in February, 2001.

Robert Hanson is currently the Chairman of both Hanson Capital Limited and the Hanson Transport Group Limited; he is also Managing Partner of Millennium Hanson Internet Partners. Formerly an Associate Director of N.M Rothchild & Sons, Mr. Hanson was also a main board director of Hanson Plc, with a specific responsibilty for mergers and acquisitions. Mr. Hanson's international experience in corporate finance and in the construction, mining and building sectors makes him an ideal board member.

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.

A veteran Canadian diplomat, Howard Balloch began serving as Canada's ambassador to China, Mongolia and the Democratic People's Republic of Korea in 1996 after a 20-year career in the Government of Canada's Department of Foreign Affairs and International Trade. A specialist on Pacific Rim nations, Mr. Balloch helped to develop bilateral exchanges between Canada and China and led the promotion and protection of Canadian interests in China. After retiring from the government's foreign service in July 2001, he continued to support Sino-Canadian business cooperation through his Beijing-based private investment and consulting business and as president of the Canada-China Business Council.

Mr. Balloch earned his BA and MBA from McGill University, Montreal, and subsequently pursued further graduate studies at the University of Toronto and Fondation nationale des Sciences Politiques in Paris.

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.

Ms. Mahler was appointed to Ivanhoe Mines Board of Directors in March 2009. A venture capitalist since 1994, Livia is widely recognized for her strategic insights into the Canadian venture industry. In 1996, Livia identified a critical lack of funding available to early, or seed stage technology companies in Canada. Livia 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, Livia held investment responsibilities as Senior Investment Manager with the Business Development Bank of Canada's Venture Capital Group.

Prior to launching Greenstone in 1999, Livia 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.

Livia earned a Bachelor of Science from Hebrew University in Jerusalem and an MBA from UBC. Livia 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, Rio Tinto's Chief Executive, Copper, was appointed to the Ivanhoe Mines Board of Directors on November 5, 2009.

Based in London, Mr. Harding provides management oversight to the Copper Group, which comprises Kennecott Utah Copper, Kennecott Minerals Company and the Resolution copper project in the U.S., interests in the copper mines of Escondida in Chile, Grasberg in Indonesia, Northparkes in Australia, Palabora in South Africa and the La Granja copper project in Peru, as well as the Oyu Tolgoi copper-gold partnership with Ivanhoe Mines in Mongolia.

Mr. Harding joined Rio Tinto in 1992, initially working for Hamersley Iron. He went on to hold operating roles within the Energy, Aluminium and Iron Ore product groups, including at the Mount Thorley, Hunter Valley, Weipa, Mount Tom Price, Marandoo and Brockman mines. In 2007, he became Global Practice Leader, Mining, within Rio Tinto's Technology & Innovation group. Prior to his new executive role, Mr. Harding was President and Chief Executive Officer of Kennecott Utah Copper.

Mr. Harding succeeds Bret Clayton as Rio Tinto's representative on the Ivanhoe Mines Board.

Tony Giardini, CA and CPA, joined Ivanhoe as Chief Financial Officer in May, 2006, after more than 10 years with Placer Dome Inc., one of the world's largest gold mining companies. Mr. Giardini was most recently Placer's Vice-President and Treasurer, where he managed and oversaw the company's debt and capital market activities, including managing banking relationships with more than 20 US, Canadian and international banks. During his time at Placer, Mr. Giardini led the financing team that raised US$730 million in debt financings and US$468 million in equity financings. Prior to joining Placer, he spent 12 years with accounting firm KPMG.

Douglas Kirwin, a professional geologist, has spent more than 35 years in the mineral exploration industry, much of which has been in the Asia-Pacific region.

Mr. Kirwin has directed Ivanhoe Mines' exploration activities since joining the company in September, 1995. He was formerly Managing Director, International Geological Services Pty. Ltd. and for several years held senior positions with Anglo American and Amax. He has evaluated mineral deposits throughout the Americas, Asia and Europe, and has managed numerous projects in Southeast Asia and Australia.

Mr. Kirwin holds a Master of Science Degree in mineral exploration from James Cook University in Australia. As a member of the joint discovery team of the Hugo Dummett Deposit at Oyu Tolgoi, Mongolia, Doug was a co-recepient (with Charles Forster and Garamjav) of the PDAC inaugural Thayer Lindsley medal awarded for the most significant international mineral discovery in 2004 and was the Society of Economic Geologists International Exchange Lecturer for 2006. He is currently the industry advisor for the Society of Applied Geologists, China Mining, a board member of EGRU (Economic Geology Research Unit - James Cook University) and the Vice President of the Society of Economic Geologists.

During the third quarter, 2006, David Woodall was appointed President of Ivanhoe's gold operations. His responsibilities include overseeing the advancement of the company's gold exploration and mine development projects, which include, among others, operational development of the Oyu Tolgoi project in Mongolia, the Bakyrchik gold mine development project in Kazakhstan and the Cloncurry IOCG gold, copper project in Australia.

Mr. Woodall has more than 22 years experience in operations, mine development, project evaluation and corporate management roles in gold, base metals and iron ore. Prior to joining Ivanhoe Mines, he acquired extensive mine management experience at underground and open-pit mines in Canada, Australia, Fiji and China. Among numerous mine operation assignments, he worked as Mine General Manager at the CSA copper mine in New South Wales, Musselwhite gold mine in Ontario, Canada, the Kanowna Belle gold mine in Western Australia, and the West Angelas iron ore mine. He has worked in senior mine management positions with Robe River, Placer Dome, Sino Gold and WMC Resources.

As Vice President, Corporate Secretary, Ethics and Compliance Officer of Ivanhoe Mines, Beverly Bartlett specializes in the company's corporate compliance and administration. She has wide-ranging international experience in the administration and regulatory compliance of public companies.

Prior to joining Ivanhoe Mines, she held senior administration positions with various Canadian mining companies, including Northgate Exploration and Neptune Resources.