Couloir Capital is pleased to announce the commencement of research coverage on Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ). The report is titled “Short-term turbulence with Hugh Upside in one of the world’s largest copper mines”.

Extract from the report: Copper is the most economical conductive material and it is at the heart of progress in energy transition and industrial growth. Investing in a copper / gold project offers a long position in the energy transition to renewable energies, including the growth of electric vehicles (EVs) and industrial growth with a put option. The strike price of the put option is correlated to the percentage of income from gold.

The report is available for download via the portal link: https://www.couloircapital.com/research-portal

About Turquoise Hill Resources Ltd.

Turquoise Hill (TSX: TRQ) (NYSE: TRQ) is an international mining company focused on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the primary and only property of the Company’s mineral resources. Turquoise Hill’s property in the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% stake is held by Erdenes Oyu Tolgoi LLC, a Mongolian state-owned entity.

About Couloir Capital Ltée.

Corridor Capital Ltd. is an investment research firm comprised of a team of seasoned investment professionals who are dedicated to providing world-class opportunities in the natural resources sector as well as real and alternative asset classes and strategies. Corridor Capital Ltd. is affiliated with a registered securities dealer, Couloir Capital Securities Ltd.

For more information, please contact:

Robert Stitt, General Manager, Couloir Capital Ltée.

Email: [email protected]

www.couloircapital.com

Analyst Disclosure: The analyst and / or affiliates own shares of Turquoise Hill.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97514