CONSENT OF QUALIFIED PERSON

I, Timothy O. Kuhl, RM SME consent to the public filing of the technical report titled "Platreef 2022 Feasibility Study", with an effective date of 28 February 2022 (the "Technical Report") by Ivanhoe Mines Ltd. ("Ivanhoe").

I also consent to any extracts from, or a summary of, the Technical Report in the Ivanhoe news release entitled "Ivanhoe Mines announces exceptional results of independent 2022 feasibility study for Tier-One Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa" and dated 28 February 2022 (the "disclosure document").

I certify that I have read the disclosure document being filed by Ivanhoe and that it fairly and accurately represents the information in the sections of the Technical Report for which I am responsible.

Dated: 11 March 2022

"Signed and stamped"

Timothy O. Kuhl, RM SME

Mine Technical Services Ltd

4110 Twin Falls Drive, Reno, NV, 89511

www.minetechnicalservices.com

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Ivanhoe Mines Ltd. published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 22:15:01 UTC.