Mr. Jeff Tygesen reports

TURQUOISE HILL ANNOUNCES RETIREMENT OF CFO

Steeve Thibeault, Turquoise Hill Resources Ltd.'s chief financial officer, will retire, effective May 23, 2017. Turquoise Hill is in the process of initiating a search for Mr. Thibeault's successor. An announcement will be made in due course.

Jeff Tygesen, Turquoise Hill chief executive officer, said: "I want to thank Steeve for his contributions to Turquoise Hill, particularly his financial and tax leadership. We wish him all the best in the future."

Mr. Thibeault was appointed chief financial officer in June, 2014, and also serves as a director of Oyu Tolgoi LLC.

About Turquoise Hill Resources Ltd.

Turquoise Hill Resources is an international mining company whose primary operation is its 66-per-cent interest in the Oyu Tolgoi copper-gold-silver mine in southern Mongolia.