The Turquoise Hill Resources announced the appointment of Ulf Quellmann as Chief Executive Officer effective August 1, 2018. Mr. Quellmann is a seasoned executive with extensive knowledge of Oyu Tolgoi and more than 20 years’ experience in corporate finance, strategy, treasury and investor relations at General Motors, Alcan and Rio Tinto. Mr. Quellmann was appointed to the Turquoise Hill Board of Directors in May 2017 and will continue to serve as a member of the Board, as well as continuing to be part of the Turquoise Hill-Rio Tinto negotiating team working with the Government of Mongolia primarily to conclude the sourcing of domestic power. Most recently, Mr. Quellmann served as Vice President, Strategic Projects of Rio Tinto’s Copper and Diamonds product group and prior to this was the Chief Financial Officer of the same group. From 2008 to 2016, Mr. Quellmann was Group Treasurer at Rio Tinto. With the appointment of a new CEO, Turquoise Hill will now engage independent technical advisors to assist with the Board’s ongoing review of critical elements of Oyu Tolgoi’s development.