Ceremony held in Ulaanbaatar celebrating Mr. Friedland's valuable contributions to Mongolia's mining industry

Ulaanbaatar, Mongolia--(Newsfile Corp. - October 16, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) and Ivanhoe Electric (NYSE American: IE) (TSX: IE) congratulate Founder and Executive Co-Chairman of Ivanhoe Mines, and Founder and Executive Chairman of Ivanhoe Electric, Robert Friedland on receiving Mongolia's Order of the Polar Star. The award celebrates Mr. Friedland's leadership in the discovery and development of the tier-one Oyu Tolgoi copper-gold complex, one of the largest known copper and gold deposits in the world, as well as his many valuable contributions to Mongolia's mining industry.

The Order of the Polar Star is awarded by the Mongolian President, Ukhnaagiin Khürelsükh, and is the country's highest civilian award to a foreign citizen. Mr. Friedland accepted the award at an official ceremony in Ulaanbaatar on October 9, 2023, and delivered a keynote address to the dignitaries and industry leaders in attendance.

The Order of the Polar Star was created in 1936 and its previous recipients include; former U.S. President Barack Obama, former U.S. Secretary of State Hillary Clinton and former U.S. Senator John McCain.

Mr. Friedland commented: "We would like to sincerely thank the government and people of Mongolia for this very special award. Our experiences in the country, including the discovery and development of the exceptional Oyu Tolgoi copper-gold deposit, will forever have a special place in our hearts. see & read more on
https://www.newsfilecorp.com/release/184135/Ivanhoe-Mines-and-Ivanhoe-Electric-Congratulate-Robert-Friedland-for-Receiving-Mongolias-Order-of-the-Polar-Star-the-Highest-State-Honour-for-a-Foreign-Citizen