Mr. Robert Friedland reports

IVANHOE ELECTRIC ANNOUNCES THE ELECTION OF DIRECTORS AT ITS ANNUAL MEETING OF STOCKHOLDERS

Ivanhoe Electric Inc. has released the results of voting by shareholders at its 2023 annual meeting of stockholders held today in Tempe, Ariz. The election of the director nominees was confirmed.

                          VOTING RESULTS FOR ELECTION OF DIRECTORS

Director nominee        Votes for    % for      Against   % against   Withheld   % withheld   

Robert Friedland       73,927,159    98.00%   1,510,836        2.00%       580         0.00%
Taylor Melvin          75,340,904    99.87%      97,061        0.13%       610         0.00%
Russell Ball           68,258,527    90.48%   7,179,438        9.52%       610         0.00%
Hirofumi Katase        74,221,317    98.39%   1,216,648        1.61%       610         0.00%
Patrick Loftus-Hills   75,414,191    99.97%      23,773        0.03%       611         0.00%
Victoire de Margerie   75,347,441    99.88%      90,533        0.12%       601         0.00%
Priya Patil            67,869,386    89.97%   7,568,338       10.03%       851         0.00%
Ronald Vance           75,419,891    99.98%      17,884        0.02%       800         0.00%

In addition, shareholders ratified the appointment of Deloitte LLP as Ivanhoe Electric's independent registered public accounting firm for the fiscal year ending Dec. 31, 2023, with 78,208,824 shares voted for (99.97 per cent), 23,575 voted against (0.03 per cent) and 115 withheld (0.00 per cent).

A total of 78,232,514 or 84.15 per cent of Ivanhoe Electric's issued and outstanding shares were represented at the annual meeting.

About Ivanhoe Electric Inc.

Ivanhoe Electric is an American technology and mineral exploration company that is reinventing mining for the electrification of everything by combining advanced mineral exploration technologies, renewable energy storage solutions and electric metal projects predominantly located in the United States. Ivanhoe Electric uses its Typhoon transmitter, an accurate and powerful geophysical survey system, together with advanced data analytics provided by its subsidiary, Computational Geosciences Inc., to accelerate and derisk the mineral exploration process, as well as to potentially discover deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. Through its controlling interest in VRB Energy, Ivanhoe Electric also develops and manufactures advanced grid-scale vanadium redox battery storage systems. Finally, through advancing its portfolio of electric metal projects located primarily in the United States, headlined by the Santa Cruz copper project in Arizona and the Tintic copper-gold project in Utah, as well as projects in Montana, Nevada, Oregon and North Carolina, Ivanhoe Electric is also well positioned to support American supply chain independence by delivering the critical metals necessary for electrification of the economy.