Ivanhoe Mines Welcomes Votes in Mongolia's Parliament as Key Step Toward Finalization of Oyu Tolgoi Agreement

Ivanhoe Mines (TSX: IVN.TO)(NYSE: IVN)(NASDAQ: IVN) President John Macken said today that the company welcomes the Mongolian Parliament's approval of amendments to four laws, including the insertion of a sunset provision to cancel the three-year-old, 68% windfall profits tax on copper and gold effective January 1, 2011.

"The votes today by overwhelming majorities of the Members present for the special session of the State Great Khural represent a significant step in Mongolia's commitment to attract foreign investment in the development of the country's mineral resources," Mr. Macken said.

"This expression of confidence in Mongolia's future clears the way for finalization of an agreement with the Government for the construction and operation of Ivanhoe's Oyu Tolgoi copper-gold complex in the South Gobi Region. Now we are in a position to make arrangements with the Government to sign the Oyu Tolgoi Investment Agreement in the near future."

Mitsubishi Closes On Purchase of 25% of Copper Mountain Project

Copper Mountain Mining Corporation ("CMMC" or the "Company") reports that Mitsubishi Materials Corporation ("Mitsubishi") have now closed the purchase whereby Mitsubishi acquired a 25% interest in the Copper Mountain Project ("Project"), located near Princeton, BC.

The Project is an open pit porphyry copper mine that operated from 1972 to 1996 and over its life produced 1.74 billion pounds of copper, 730 thousand ounces of gold and 9.1 million ounces of silver. The current resource is estimated at 5 billion pounds of copper at a 0.15 % Cu cut-off. The resource estimate incorporates data from over 4,400 historical drill holes totalling approximately 400,000 metres, and 370 new drill holes, totalling 107,000 metres from the Company's 2007 and 2008 exploration programs.

Nevada Copper Reports Significant Resource Increase to 9.3 Billion Pounds Copper & 1.45 Million Ounces of Gold, Including 42% Increase to Measured & Indicated

Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") is pleased to announce it has completed an updated National Instrument 43-101 compliant resource estimate for its 100% owned Pumpkin Hollow IOCG Property in Nevada. Copper, gold and iron resources have increased significantly while showing substantial increases in the Measured and Indicated ("M & I") categories.

The increase in the total resources is largely due to the very successful expansion of open mineralization and focused resource classification drilling during 2008. The new resource estimate increased to 9.3 billion pounds of copper at a 0.20% cutoff, an increase of 1.4 billion pounds of copper or 18% from the November 2007 resource of 7.9 billion pounds. The following are highlights of the new resource estimate:

Crowflight Intersects High Grade Nickel Off Surface Ramp at the Bucko Mine

CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) today reported further assay results from its Phase 2 drilling program on the 1,000 foot underground level, as well as initial results from a program of exploratory drilling conducted from the surface ramp between the 450 foot and 500 foot levels of the Bucko Lake Nickel Mine (Bucko). Results from the Phase 2 infill drilling program confirm reserves identified on the 1,000 foot level slated for production later in July.

Results from the ramp drilling have defined a new high grade nickel mineralization that is accessible for extraction from current development on the 500 foot levels. Highlight intercepts from this zone include: 8.2 metres grading 5.24% nickel in hole BUD-120 and 12.0 metres grading 3.56% nickel in hole BUD-121.