Makoko contains Indicated Mineral Resource of 16 million tonnes at 3.55% copper plus Inferred Mineral Resource of 154 million tonnes at 1.97% copper using a 1.5% copper cut-off

Kiala contains Indicated Mineral Resource of 5 million tonnes at 3.56% copper using a 1.5% copper cut-off

Makoko ranks as the world's third-largest and highest-grade copper discovery since Kakula in 2016

Ivanhoe has now discovered 38.7 million tonnes of contained copper in Measured & Indicated Resources and a further 9.4 million tonnes in Inferred Resources across the Western Foreland shelf, including Kamoa and Kakula

Mining rights covering Makoko and Kiala discoveries awarded for an initial period of 25 years

Western Foreland to benefit from improving DRC infrastructure, including power and the Lobito Rail Corridor, which passes through the licences

Western Foreland exploration update on new targets expected before year-end

Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 13, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to announce the independently verified, maiden Mineral Resource estimates for the high-grade Makoko and Kiala deposits within Ivanhoe's Western Foreland Exploration Project.

Makoko and Kiala are two distinct discoveries adjacent to the Kamoa-Kakula Copper Complex and continue Ivanhoe's distinguished track record of making greenfield discoveries in this uniquely endowed geological terrain. The two deposits occur within the 2,407-square-kilometre Western Foreland Exploration Project, which lies adjacent to the 400-square-kilometre Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The Western Foreland licences are 80% to 100%-owned by Ivanhoe Mines. see & read more on
https://www.newsfilecorp.com/release/187185/Ivanhoe-Mines-Reports-Mineral-Resources-for-Makoko-and-Kiala-Discoveries-in-the-Western-Foreland