On November 21, 2022, Ivanhoe Electric Inc. announced that external counsel Quentin Markin will join the Company as Executive Vice- President, Business Development and Strategy Execution. Concurrent with the addition of Mr. Markin and Mr. Neeser, several existing members of Ivanhoe Electric's management team will be assuming new roles. Mr. Markin is a seasoned mining lawyer with 24 years' experience, all with the Canadian firm Stikeman Elliott LLP, where he has been a partner since 2008.

Over his career, he has lived and practiced in the world's mining centers - Sydney, London, Vancouver and Toronto. Mr. Markin's practice focused on M&A, project development and financing matters for mining companies globally and has been recognized by international legal consultancy Chambers for 11 years as a mining law expert. Mr. Markin has acted for Ivanhoe Electric since its inception, as well as other Ivanhoe group companies, including Ivanhoe Mines, but also senior producers, junior exploration companies, and investment banks.

His notable transactions outside of the Ivanhoe Group include the 2007 CAD 1.2 billion IPO of Franco-Nevada and the 2015 acquisition by OceanaGold of Romarco Minerals and its Haile Gold Mine located in South Carolina for around C$856 million. Mr. Markin received his Bachelor of Law Degree from the University of Ottawa, Canada, and holds an M.A. in International Relations from the Norman Patterson School of International Affairs, Ottawa, Canada. Mr. Markin is 50 years old.

Catherine Barone, current Interim Chief Financial Officer, remains with the Company as Senior Vice-President, Finance. Graham Boyd, current Vice-President, U.S. Projects, will be elevated to Senior Vice-President, U.S. Projects. Glen Kuntz, current Chief Technical and Innovation Officer, will become Senior Vice-President, Mine Development, where he will lead the Company to advance its exploration projects through the development stage.

All appointments and changes are effective November 21, 2022, except Mr. Markin, who will join the Company on January 1, 2023.