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  Ivanhoe Mines' joint-venture interest in Monywa Project among assets sold to independent trust in February 2007 During 2005 and 2006, Ivanhoe Mines engaged in discussions with interested parties, including a South Korea-based corporation, about the potential sale of a significant portion of Ivanhoe Mines' 50% interest in the S&K Mine, which is the principal operating asset in the Monwya Copper Project. The discussions were initiated as part of Ivanhoe Mines' stated priorities of enhancing asset value for shareholders and generating capital for the development of the Oyu Tolgoi project in Mongolia. Separately, as part of the subsequent negotiation of the Rio Tinto strategic partnership that was announced in October 2006, Ivanhoe Mines agreed to divest all of its business interests and assets in Myanmar, including its indirect interest in the Monywa Copper Project. As part of a news release issued March 30, 2007, Ivanhoe Mines announced that the ownership of the company's Myanmar assets, including its stake in the Monywa Copper Project, had been transferred to an independent third-party trust, pending their sale. The sole purpose of the trust is to sell the assets to one or more arm's-length third parties. Ivanhoe Mines' only interest in the trust is as an unsecured creditor under a promissory note --- issued by the trust on the transfer of the Myanmar assets --- that is to be repaid once the assets are sold. For additional details, please read the reference backgrounder: The complete archive of Myanmar Ivanhoe Copper Company Ltd.'s annual Safety, Health and Environment reports is available on the Health and Safety section of the Corporate and Social Responsibilities page Health and Safety section of the Corporate and Social Responsibilities page.
         
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