Mr. Taylor Melvin reports

LARA SIMS JOINS IVANHOE ELECTRIC AS VICE PRESIDENT, HEALTH AND SAFETY

Lara Sims will join Ivanhoe Electric Inc. as the vice-president, health and safety, commencing April 8, 2024.

Ms. Sims is an experienced leader with over 20 years in the mining industry developing and managing health and safety strategies for several large-scale mining operations across the United States. Ms. Sims specializes in health and safety standards, staff management, loss prevention, and strategic continuous improvements. Prior to joining Ivanhoe Electric, Ms. Sims established Sims 360, a consulting business based in Yerington, Nev., focused on building and implementing adaptive health and safety frameworks for over 20 mines in the United States. Her previous work experience includes time with Rio Tinto, Ouray Silver Mines, Oceana Gold and Nevada Copper.

Ms. Sims holds a technical master's degree in safety sciences from Indiana University of Pennsylvania. Additionally, she is the 2024 communications chair for the health and safety division of the Society for Mining, Metallurgy & Exploration (SME). Ms. Sims is also a certified mine safety professional (CMSP) from the International Academy of Mine Safety and Health (IAMSH) through the SME and participates in the Energy Resource Governance Initiative (ERGI) Academy through the University of Nevada in Reno.

Taylor Melvin commented: "We are pleased to welcome Lara to Ivanhoe Electric's executive management team. Lara brings a wealth of experience as a leader in health and safety in the mining industry, and she will be a tremendous asset to our company. The health and safety of our employees and those in the communities in which we operate are our highest priorities. We are fortunate to have Lara leading our health and safety team, and I look forward to working with her to ensure we uphold the highest standards."

About Ivanhoe Electric Inc.

Ivanhoe Electric is a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. It uses its accurate and powerful Typhoon geophysical surveying system, together with advanced data analytics provided by its subsidiary, Computational Geosciences Inc., to accelerate and derisk the mineral exploration process as it seeks to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. It believes the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Its mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of its portfolio of electric metals exploration projects, headlined by the Santa Cruz copper project in Arizona and the Tintic copper-gold project in Utah, as well as other exploration projects in the United States, Ivanhoe Electric intends to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. Ivanhoe Electric also operates a 50/50 joint venture with Saudi Arabian mining company Ma'aden to explore for minerals on about 48,500 square kilometres of underexplored Arabian shield in the Kingdom of Saudi Arabia.