SRK House

265 Oxford Road

Illovo 2196

P O Box 55291

Northlands 2116

South Africa

T: +27 (0) 11 441 1111

F: +27 (0) 11 880 8086

E: johannesburg@srk.co.za

www.srk.co.za

William Joughin

Corporate Consultant (Rock Engineering)

SRK Consulting (South Africa) Pty Ltd

CONSENT of QUALIFIED PERSON

TO: Ivanhoe Mines Ltd. ("Ivanhoe")

I, William Joughin, am an author of the technical report entitled: 'Platreef 2022 Feasibility Study', with an effective date of 28 February 2022 (the "Technical Report").

I hereby consent to the public filing of the Technical Report, and to the use of extracts from, or a summary of, the Technical Report in the Ivanhoe press release dated 28 February 2022 (the "Disclosure Document").

I confirm that I have read the Disclosure Document and that the Disclosure Document fairly and accurately represents the information contained in the sections of the Technical Report for which I am responsible.

Dated: of 11 March 2022

________________________

William Joughin

Corporate Consultant (Rock Engineering) SRK Consulting

Partners PJ Aucamp, R Armstrong, JS Bartels, CM Bauman, N Brien, JM Brown, LSE Coetser, CD Dalgliesh, BM Engelsman, R Gardiner, M Hinsch, SG Jones, W Jordaan, WC Joughin, DA Kilian, F Lake, JA Lake, NG Macfarlane, V Maharaj, I Mahomed, HAC Meintjes, MJ Morris, DH Mossop, GP Nel, VS Reddy, S Reuther, PJ Shepherd, T Shepherd, MJ Sim, JS Stiff, M van Huyssteen, AT van Zyl, MD Wanless, CJ Wessels, ML Wertz, A Wood

Directors, CD Dalgliesh, WC Joughin, V Maharaj, T McGurk, VS Reddy, T Shepherd, AT van Zyl

Associate Partners PL Burmeister, LI Boshoff, T Claassen, SA de Villiers, IT Doku, M du Toit, LM Linzer, B Mabenge, JI Mainama, RD O'Brien, AM Robertshaw, LC Shand

Consultants JR Dixon, PrEng, GC Howell, PrEng, PhD, WC Joughin, PrEng, MSc, PR Labrum, PrEng, LM Linzer, PrSci Nat, PhD, SA Lorentz, PhD, RRW McNeill, PrTech Eng, HAC Meintjes, PrEng, MSc, PN Rosewarne, PrSci Nat, MSc, PE Schmidt, B.Comm, DipAcc, CA(SA), VM Simposya, PrSci Nat,

  1. Smithen, PrEng, TR Stacey, PrEng, DSc, PJ Terbrugge, PrSci Nat, MSc, HFJ Theart, PrSci Nat, PhD, DJ Venter, PrTech Eng

SRK Consulting (South Africa) (Pty) Ltd

Reg No 1995.012890.07

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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.