SAILINGSTONE CAPITAL PARTERS announces that it has written an open letter to 
Turquoise Hill Resources (TSX/NYSE: TRQ) shareholders informing them that 
SailingStone intends to vote AGAINST the independent directors of TRQ at the 
May 14, 2019 Annual Meeting. A copy of the letter can be found at 
www.sailingstonecapital.com/resources.html

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MacKenzie Davis, Managing Partner at SailingStone, said, "We have long been 
troubled by corporate governance practices at TRQ, and have worked diligently 
with the Board to attempt to address these issues. Unfortunately, the Board has 
refused to engage in productive dialogue, and we are left with no choice but to 
vote AGAINST the independent directors. This is not a decision which we have 
entered into lightly, given our significant investment and our long-term 
commitment to the Company. But, the fact remains that this is a world class 
asset that deserves world class corporate governance practices so that all 
stakeholders - Rio Tinto, the minority shareholders and the people and 
government of Mongolia - are aligned to achieve success at both the project and 
the corporate level."

About SailingStone Capital Partners LLC

SailingStone Capital Partners LLC is an employee-owned investment advisory firm 
focused exclusively on providing investment solutions in the global natural 
resource space. Based in San Francisco, SailingStone manages concentrated, 
long-only equity portfolios for institutional investors.

SOURCE: SailingStone Capital Partners LLC

CONTACT: Kathlyne Kiaie, Chief Compliance Officer, +1 (415) 429-5198, 
compliance@sailingstonecapital.com