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Jinshan Receives TSX-V Approval to Extend Warrants

October 5, 2004

Vancouver, Canada - Jinshan Gold Mines announced today that it has received approval from the TSX Venture Exchange to extend the expiry date and amend the exercise price of warrants held by Ivanhoe Mines to purchase two million common shares of Jinshan Gold Mines. Ivanhoe Mines now has until October 10, 2005, to exercise the warrants.

As amended, each warrant entitles Ivanhoe Mines to acquire one common share of the company at a price of C$1.20 per share. The previous exercise price was C$1.10 per share. The warrants were issued in connection with a C$2 million private placement that closed on December 16, 2002.

Jinshan has approximately 48.5 million shares issued and outstanding and approximately 62.6 million shares on a fully-diluted basis. Ivanhoe Mines owns 38.52% of Jinshan's issued and outstanding shares and 45.21% on a fully-diluted basis.

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.

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.