Turquoise Hill Resources Ltd. (“Turquoise Hill” or the “Company”) announces that it has brought an application for an interim order before the Tribunal in its arbitration proceedings with Rio Tinto International Holdings Limited (RTIHL) and a related party. The Company is taking this step in response to certain actions taken by Rio Tinto which will, if carried out by Rio Tinto:
• limit the Company’s ability to pursue identified financing options for the Oyu Tolgoi project and, more generally, the prospects for successfully implementing the Company’s funding strategy; and
• pre-empt the ultimate decision of the arbitrator.
Rio Tinto is purporting to use certain procedures under contractual arrangements to compel Turquoise Hill to:
• authorise Rio Tinto to pursue re-profiling negotiations with existing lenders in a manner that the Company considers will render Oyu Tolgoi LLC unable to execute an offering of bonds in 2021; and
• refrain from engaging on funding and other matters with its fellow OT stakeholders, including our valued partner Erdenes Oyu Tolgoi LLC and the Government of Mongolia.

About Turquoise Hill Resources
Turquoise Hill is an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, which is the Company’s principal and only material mineral resource property. Turquoise Hill’s ownership of the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC (Oyu Tolgoi); Erdenes Oyu Tolgoi LLC, a Mongolian state- owned entity, holds the remaining 34% interest.