Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng 'Miles' Sun announced that the company has promoted its Chief Financial Officer, Marna Cloete, to the position of President effective March 11, 2020, in addition to her existing role as Chief Financial Officer. Ivanhoe's current President, Tony S. Giardini, will leave Ivanhoe Mines after a short transition period. Ms. Cloete started her career in 2002 with PricewaterhouseCoopers in the Metals and Mining Division with a client base that included Harmony Gold Mining Company Limited, Palabora Mining Company and Ingwe Collieries. She joined Group Five Limited, a large South African listed construction company, in April 2005, where she was responsible for group reporting. Ms. Cloete joined Ivanhoe Mines in July 2006 and was promoted to Chief Financial Officer in December 2009. Ms. Cloete has been with Ivanhoe Mines for 14 years and has extensive knowledge of the company's asset base and operational personnel. In her capacity as CFO, she gained detailed knowledge of the jurisdictions where the company's assets are located and will continue to work closely with all of Ivanhoe Mines' shareholders and stakeholders. Under the leadership of Ms. Cloete, the company will review the organizational structure with the aim to unlock the many synergies that exist between the various shareholders and stakeholders. With this in mind, the Board has elevated the responsibilities of several other company executives, including Ivanhoe's Executive Vice President, Sustainability & Special Projects and Executive Chairperson at its Platreef Project, Dr. Patricia Makhesha. In addition, Matthieu Bos will be promoted to Executive Vice President Africa, and Peter Zhou will be promoted to Executive Vice President China, who together will assume greater roles liaising with Ivanhoe's joint venture partners in the Democratic Republic of Congo, South Africa, China and key institutional shareholders.