Ivanhoe Electric Chairman and current Chief Executive Officer Robert Friedland and current President Eric Finlayson are announced that Taylor Melvin will join the Company as President. Mr. Melvin has over 20 years of experience in the natural resources sector as a senior corporate development professional and investment banker. He was most recently Vice President, Corporate Development for Freeport McMoRan Inc, a leading international mining company focused on copper, headquartered in Arizona.

Prior to joining Freeport-McMoRan in 2008, Mr. Melvin was an Executive Director in J.P. Morgan's Natural Resources investment banking group in New York. Mr. Melvin received his Bachelor of Science in Business Administration and his MBA from the University of North Carolina at Chapel Hill. Robert Friedland will continue as the Executive Chairman of Ivanhoe Electric.

Eric Finlayson will take on the new role of Chief of Global Exploration. Eric has almost 40 years of global multi-commodity exploration and discovery experience with 24 years as Global Head of Exploration with Rio Tinto. In his new role, Eric will return to his roots and lead the Company's efforts in project identification and evaluation in jurisdictions that will also be key to U.S. critical minerals supply - principally in Australia, Canada and Europe.

Graham Boyd, the Company's Vice President, U.S. Projects, will continue to supervise exploration activities within the continental United States. All appointments and changes, including Mr. Melvin's appointment, will be effective November 21, 2022. Mr. Melvin will also join the board of directors at that time.