Mr. Taylor Melvin reports

IVANHOE ELECTRIC ANNOUNCES PROMOTION OF ALEX NEUFELD TO SENIOR VICE PRESIDENT, EXPLORATION

Alex Neufeld has been promoted to senior vice-president of exploration of Ivanhoe Electric Inc., effective Aug. 1, 2026. After a brief transition period, Mr. Neufeld will be taking over from Graham Boyd, who has decided to leave the company to pursue the next chapter in his career.

Executive chairman Robert Friedland commented: "Alex joined Ivanhoe Electric in 2023 after a distinguished career at Anglo American. He has done a tremendous job leading our projects in the United States and expanding our domestic exploration activities. We have an exceptional team of experienced geologists and geophysicists, and Alex will be a great leader of that team.

"We have had the pleasure of knowing and working with Graham for over 20 years. Graham is an exceptional geologist and a great human being, who was one of the first employees at Ivanhoe Electric. Graham worked closely with me in assembling the Santa Cruz, Tintic and Hog Heaven assets that launched our efforts to bring Typhoon-driven, high-technology exploration to the United States. Graham will do great things in the future."

President and chief executive officer Taylor Melvin commented: "Alex and Graham have worked closely together since Alex joined Ivanhoe Electric in 2023. Alex has developed deep relationships throughout our organization and has demonstrated his exceptional leadership capabilities across our U.S. projects. He will be an outstanding leader of our exploration strategy and activities. Alex and Graham are working together to ensure a smooth transition.

"Graham has been a tireless leader of our exploration program, a mentor to our exploration professionals and a valued member of our senior leadership team. We wish him the best in his future endeavours."

In the United States, Ivanhoe Electric's exploration team is focused on the company's portfolio of 100-per-cent-owned projects, headlined by current activities in Arizona and Montana. The company has an active drill program at the Gleeson copper-gold project in southeastern Arizona, where it is testing its exploration models in a historic polymetallic district with significant porphyry potential. At the Hog Heaven project in Montana, its geologists are continuing to test for both porphyry and high-sulphidation epithermal mineralization following previous exploration programs. Its team is also advancing early-stage exploration activities in the United States through its exploration alliance with BHP.

In Saudi Arabia, Ivanhoe Electric's 50/50 joint venture with Maaden is advancing Typhoon geophysical surveys and drilling programs.

Ivanhoe Electric is preparing for the commencement of initial Typhoon surveys in northern Chile through its exploration collaboration with SQM searching for new copper porphyry systems.

About Ivanhoe Electric Inc.

The company is a United States-based, technology-driven mineral exploration and development company with a focus on copper and other critical metals vital to electric transmission and generation, manufacturing, infrastructure development, technology and national security. Its wholly owned assets are located in the United States, led by its advanced-stage Santa Cruz copper project in Arizona. The company operates exploration joint ventures and alliances in Saudi Arabia with Maaden, in Chile with Sociedad Quimica y Minera de Chile and in the United States with BHP. It uses its powerful Typhoon geophysical surveying system, together with advanced data analytic software provided by its subsidiary, Computational Geosciences Inc., to accelerate and derisk the mineral exploration process in the search for 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.

The company is committed to the establishment of strong relationships with its local communities and the responsible development of its projects by incorporating best practices for health, safety and environmental standards, water management, protection of local cultural heritage and biodiversity, and minimizing its environmental footprint.

We seek Safe Harbor.