Turquoise Hill Resources: Oyu Tolgoi Produces First Concentrate

Turquoise Hill Resources: Oyu Tolgoi Produces First Concentrate 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 -- Turquoise
Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced that
Oyu Tolgoi has produced its first copper-gold concentrate. This comes
following the processing of first ore through the concentrator in
early January 2012. 
Kay Priestly, Chief Executive Office of Turquoise Hill, said, "Oyu
Tolgoi continues to progressively ramp-up the mine and the production
of first concentrate is another important milestone. We are making
good progress on our timetable leading to the start of commercial
With the achievement of first concentrate, commencement of commercial
production at Oyu Tolgoi is expected within three to five months. 
About Turquoise Hill Resources  
Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ), formerly
Ivanhoe Mines, is an international mining company focused on copper,
gold and coal mines in the Asia Pacific region. The company's primary
operation is its 66% interest in the Oyu Tolgoi copper-gold-silver
mine in southern Mongolia, which is expected to begin commercial
production in the first half of 2013. Other assets include a 58%
interest in Mongolian coal miner SouthGobi Resources
(TSX:SGQ)(HK:1878); a 57% interest in copper-gold miner Ivanhoe
Australia (ASX:IVA)(TSX:IVA); and a 50% interest in Altynalmas Gold,
a private company developing the Kyzyl Gold Project in Kazakhstan. 
Follow us on Twitter @TurquoiseHillRe 
Forward-looking statements  
Certain statements made herein, including statements relating to the
anticipated achievement of commercial production commencement
milestones, other matters that are not historical facts and
statements of our beliefs, intentions and expectations about
developments, results and events which will or may occur in the
future, constitute "forward-looking information" within the meaning
of applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the "safe harbour" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking information and statements relate to future events or
future performance and reflect current expectations or believes
regarding future events and are typically identified by words such as
"anticipate", "could", "should", "expect", "seek", "may", "intend",
"likely", "plan", "estimate", "will", "believe" and similar
expressions suggesting future outcomes or statements regarding an
All such forward-looking information and statements are based on
certain assumptions and analyses made by issuer's management in light
of their experience and perception of historical trends, current
conditions and expected future developments, as well as other factors
management believes are appropriate in the circumstances. These
statements, however, are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include those described under the heading "Risk Factors"
included in the issuer's Annual Information Form, both filed on SEDAR
and EDGAR. These risk factors may be generally stated as the risk
that the assumptions and estimates expressed above do not occur,
including the assumption in many forward-looking information or
statements that other such information or statements will be correct.
The reader is cautioned not to place undue reliance on
forward-looking information or statements. 
Turquoise Hill Resources
Jason Combes
Office: +1 604 648 3920
Turquoise Hill Resources
Tony Shaffer
Office: +1 604 648 3934
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