Two Successful Female African Leaders Join Ivanhoe Mines' Board of Directors

At Ivanhoe Mines Annual General and Special Meeting earlier on 23^rd June, shareholders of the organisation cast their votes to elect the Board of Directors.

Ivanhoe Mines has appointed Dr. Phumzile Mlambo-Ngcuka and Ms. Delphine Traoré as independent directors to the company's board. Dr. Phumzile held positions as UN Under-Secretary-General and Executive Director of UN Women, promoting gender equality and advocating for women and girls. She was named the University of Johannesburg's Chancellor in January 2022. Ms. Delphine, Allianz Africa's Regional Chief Executive Officer, is responsible for the continent's growth.

The Ivanhoe Mines expresses gratitude to Guy and Nunu for their contributions during their time on the board and wishes them the best of luck in their future pursuits. Ivanhoe Mines is committed to transforming into a leading resource firm devoted to contemporary and ethical mining. Their growing team of talented South African and Congolese women is a critical asset to the company, and their appointment to the board will be of immeasurable benefit.

Ms. Cloete expressed excitement about the appointment, stating that being inclusive and focusing on sustainability are crucial aspects of the company's ongoing evolution. To achieve gender equality in the workforce, more women should be in decision-making positions at all levels, from mines to boardrooms. Ivanhoe Mines is delighted to lead the way in terms of inclusion and diversity in contemporary mining.

The company's goals of increasing female participation on the board and having a majority of independent directors align with the company's objectives.

About Dr. Phumzile Mlambo-Ngcuka

Dr. Phumzile served as UN Under-Secretary-General and Executive Director of UN Women from 2013 to 2021. She created programs like HeForShe to advance gender equality and was a global advocate for women and girls. She was the University of Johannesburg's Chancellor in January 2022. Phumzile held various positions, including Deputy President of South Africa, Minister of Trade and Industry, and member of South Africa's first democratic administration. She founded the Umlambo Foundation, promoting education and leadership, and is a longtime supporter of women's rights.

About Delphine Traoré

Delphine has been Allianz Africa's regional chief executive officer since November 2021, managing growth throughout the continent. She previously served as CEO of Allianz Global Corporate & Specialty Africa and later as Regional Chief Operations Officer. Delphine has also served on boards for African Risk Capacity, African Reinsurance Corporation, and Allianz for a Green Revolution in Africa. She was the African Insurance Organization's vice president and president from June 2019 to September 2021. Delphine is recognized as one of the top female economic leaders in Africa, having appeared on lists of the 50 most powerful women and serving as the Insurance Institute of South Africa's president. She holds a Bachelor of Science in Business and Accounting and a Master of Science in Insurance Management from Boston University.

Voting results for election of directors

Directors were chosen from among the 11 candidates named in the management proxy circular dated May 3, 2023.

About Ivanhoe Mines

The extension of the Kamoa-Kakula Copper Complex in Southern Africa, the Platreef palladium-rhodium-platinum-nickel-copper-gold project, and the restart of the Kipushi zinc-copper-germanium-silver mine are the three main areas of concentration for Canadian mining corporation Ivanhoe Mines. As part of their 2,400 km2 Western Foreland exploration licences, they also look into copper deposits.