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Vancouver, Canada --- Jinshan Gold Mines announced today that it has agreed with Ivanhoe Mines, subject to TSX Venture Exchange approval, to extend the expiry date of warrants held by Ivanhoe Mines to purchase 5.1 million common shares issued in connection with a C$4.59 million private placement that closed on July 3, 2002. Each warrant currently entitles Ivanhoe Mines to acquire one common share of the company at a price of $1.15 per share until July 2, 2004. If accepted by the Exchange, the company will extend the expiry date of the outstanding warrants to July 2, 2005. No other terms of the warrants will be amended.Â

Jinshan has approximately 48.5 million shares issued and outstanding and approximately 62.6 million shares on a fully-diluted basis. Ivanhoe Mines owns 38.55% of Jinshan's issued and outstanding shares and 45.16% on a fully-diluted basis.Â

Jinshan Gold Mines is a Canadian company focused on the exploration and development of precious and base metals (gold, copper and platinum group metals) in the People's Republic of China.Â

Jinshan shares are listed on the TSX Venture Exchange under the symbol JIN.

Investors: Bill Trenaman / Media: Bob Williamson: +1.604.688.5755
Email: [email protected] Website: www.jinshanmines.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy or this release.