April 6 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :
* TURQUOISE HILL RESOURCES RESPONDS TO PENTWATER CAPITAL
* BOARD RECOMMENDED THAT SHAREHOLDERS VOTE AGAINST FIRST PROPOSAL FROM PENTWATER, WITHHOLD THEIR VOTE ON SECOND PROPOSAL
* BELIEVES IT HAS RIGHT TEAM IN PLACE TO LEAD COMPANY IN RELATION TO FINANCING, CONSTRUCTION, OPERATION OF OYU TOLGOI
* FORMED A COMMITTEE AND JOINT WORKING GROUP WITH RIO TINTO TO FACILITATE NEGOTIATIONS RELATED TO STRATEGIC MATTERS AMONGST STAKEHOLDERS
* RETAINED INDEPENDENT THIRD PARTY EXPERTS TO REVIEW COST AND SCHEDULE REPORTING
* ACKNOWLEDGES CONSTRUCTION AND DEVELOPMENT CHALLENGES AT OYU TOLGOI
* SEEKING TO IDENTIFY SHORT-TERM AND LONG-TERM FUNDING OPTIONS
* IS IN NEGOTIATIONS FOR NEAR-TERM