Mr. Taylor Melvin reports

MIKE PATTERSON JOINS IVANHOE ELECTRIC AS VICE PRESIDENT, INVESTOR RELATIONS AND BUSINESS DEVELOPMENT

Mike Patterson has joined Ivanhoe Electric Inc. as the vice-president of investor relations and business development, effective Aug. 19, 2024. Mr. Patterson will be a key leader of the company's investor relations function and the communications and business development teams in support of the company's strategic growth initiatives. He will be based at the corporate office in Tempe, Ariz.

Mr. Patterson is a seasoned professional who combines a technical background in mining engineering and operations with extensive financial experience in the natural resources sector. After graduating from the Colorado School of Mines with a bachelor of science in mining engineering, Mr. Patterson began his career as a mining engineer, where he worked for Luminant and Rio Tinto. He then transitioned into the financial sector, where he spent eight years with Denver-based private equity firm Resource Capital Funds. Mr. Patterson also served recently as business development manager at KoBold Metals.

President and chief executive officer Taylor Melvin commented: "We are excited to welcome Mike Patterson to Ivanhoe Electric. Mike has a strong combination of technical and financial experience in the mining sector that will be a valuable asset to our team. Mike's leadership will be instrumental as we continue to expand and improve our investor relations activities and execute our growth initiatives. I look forward to working with Mike."

About Ivanhoe Electric Inc.

Ivanhoe Electric is a U.S. company that combines advanced mineral exploration technologies with electric metal exploration projects predominantly located in the United States. The company 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 Ivanhoe Electric seeks to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. Ivanhoe Electric believes the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Ivanhoe Electric's 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 the company's portfolio of electric metal 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 U.S. 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 approximately 48,500 square kilometres of underexplored Arabian Shield in the Kingdom of Saudi Arabia.