Zijin Mining : (H Share)Announcement in relation to Progress of Exploration of the Kamoa Copper Mine Project in the DR Congo

A joint venture between Zijin Mining Group Co., Ltd.* (the "Company") and Ivanhoe Mines Ltd. of Canada ("Ivanhoe"), the Kamoa copper mine project in the Democratic Republic of the Congo (the "DR Congo"), has recently announced the assay results from another sixteen holes of the ongoing 2016 drilling campaign at the Kakula discovery ("Kakula") on the Kamoa copper mine project, which shows that Kakula is substantially richer, thicker and more consistent than other mineralisation found elsewhere on the Kamoa project. As a result, Kakula is quickly becoming a key focus in the planning for the development of the Kamoa project.

Details of 7 drilling holes amongst the above-mentioned 16 drilling holes are as follows:

1. DD1024 intersected 6.14 metres (true width) of 6.52% copper at a 3.0% copper cut-off, beginning at a downhole depth of 312.0 metres; 8.21 metres (true width) of 5.58% copper at a 2.5% copper cut-off; 12.99 metres (true width) of 4.34% copper at a 2.0% copper cut-off; and

   14.42 metres (true width) of 4.10% copper at a 1.0% copper cut-off.

2. DD1036 intersected 5.48 metres (true width) of 6.90% copper at a 3.0% copper cut-off beginning at a downhole depth of 274 metres; 7.38 metres (true width) of 5.77% copper at a 2.5% copper cut-off; 13.05 metres (true width) of 4.31% copper at a 2.0% copper cut-off; and

   13.99 metres (true width) of 4.13% copper at a 1.0% copper cut-off.

3. DD1039 intersected 11.91 metres (true width) of 6.23% copper at a 3.0% copper cut-off beginning at a downhole depth of 332 metres; 17.87 metres (true width) of 5.08% copper at a 2.5% copper cut-off; 18.56 metres (true width) of 4.98% copper at a 2.0% copper cut-off; and

   20.55 metres (true width) of 4.65% copper at a 1.0% copper cut-off.

4. DD1041 intersected 4.04 metres (true width) of 7.39% copper at a 3.0% copper cut-off

   beginning at a downhole depth of 615 metres; 4.80 metres (true width) of 6.63% copper at a 2.5% copper cut-off; 6.70 metres (true width) of 5.42% copper at a 2.0% copper cut-off; and

   13.36 metres (true width) of 3.37% copper at a 1.0% copper cut-off.

5. DD1043W1 intersected 4.21 metres (true width) of 9.44% copper at a 3.0% copper cut-off beginning at a downhole depth of 346.74 metres; 4.89 metres (true width) of 8.48% copper at a 2.5% copper cut-off; 12.50 metres (true width) of 4.69% copper at a 2.0% copper cut-off; and

   15.24 metres (true width) of 4.09% copper at a 1.0% copper cut-off.

6. DD1045 intersected 8.44 metres (true width) of 6.96% copper at a 3.0% copper cut-off beginning at a downhole depth of 505.22 metres; 9.31 metres (true width) of 6.59% copper at a 2.5% copper cut-off; 11.44 metres (true width) of 5.81% copper at a 2.0% copper cut-off; and

   13.94 metres (true width) of 5.03% copper at a 1.0% copper cut-off.

7. DD1047 intersected 7.90 metres (true width) of 8.85% copper at a 3.0% copper cut-off beginning at a downhole depth of 359 metres; 8.89 metres (true width) of 8.17% copper at a 2.5% copper cut-off; 14.37 metres (true width) of 5.89% copper at a 2.0% copper cut-off; and

21.28 metres (true width) of 4.47% copper at a 1.0% copper cut-off.

The upper roof of Kakula copper mineralisation is at a depth of 233 metres. Kakula copper mineralisation is consistently bottom-loaded and chalcocite dominant.

The initial independent mineral resource estimate for the Kakula discovery is expected to be issued in early October, 2016.

The Company's wholly-owned subsidiary currently holds 9.9% equity interest in Ivanhoe. Each of Ivanhoe's wholly-owned subsidiary and the Company's wholly-owned subsidiary currently owns 49.5% equity interest in Kamoa Holding Limited. The Company has ultimate indirect benefit of 54.4% economic interest in Kamoa Holding Limited. Kamoa Holding Limited indirectly holds 95% equity interest in the Kamoa copper mine project.

Investors are reminded of the uncertainty associated with the new mineralisation discovery, which is not sufficient for the measurement of the resource volume. The Company will make disclosure according to the subsequent development progress.

This announcement is made on a voluntary basis.

Fujian, the PRC, 22 September 2016

*The Company's English name is for identification purpose only