Ivanhoe Mines announced the appointment of Mr. Mark Farren and Mr. Steve Amos to Ivanhoe Mines from the company's Kamoa Copper Joint Venture in the Democratic Republic of the Congo (DRC). Mr. Farren worked at Ivanhoe Mines as Executive Vice President, Operations, between June 2014 and October 2019. As development commenced on Phase 1 of the Kamoa- Kakula Mining Complex, Mr. Farren was appointed Chief Executive Officer of the Kamoa Copper Joint Venture to lead it through construction and commissioning. Prior to joining Ivanhoe, Mr. Farren served a total of 22 years, in progressively senior roles, in the South African operations of Johannesburg-based Anglo American Platinum (Amplats), culminating in his appointment as the group's Head of Mining. Mr. Farren returns to Ivanhoe Mines as Chief Operating Officer effective November 1, 2022, after retiring from his position as Chief Executive Officer of the Kamoa Copper Joint Venture in June 2022. Mr. Amos, who worked at Ivanhoe Mines from 2011 as Vice President, Metallurgy, was appointed in 2019 to the Kamoa Copper Joint Venture as Head of Projects for the DRC. Mr. Amos has over 30 years of mining industry experience, and began his career working for Anglo American, where he spent 16 years working in the areas of precious metals processing in South Africa and copper processing in Zambia. He then spent 6 years at Engineering, Procurement and Construction Management (EPCM) specialist AMEC Minproc (now part of Wood Group). Mr. Amos returns to Ivanhoe Mines, effective immediately, as Executive Vice President, Projects, and will report to Mr. Farren. Mr. Farren and Mr. Amos oversaw the outstanding project delivery of both Kamoa-Kakula Phase 1 and Phase 2, which were both constructed during the COVID-19 pandemic, several months ahead of schedule and on budget. Mr. Farren and Mr. Amos will continue to guide the delivery of the extensive Ivanhoe Mines project pipeline. This includes the 5.0-million-tonne-per annum Phase 3 expansion at the Kamoa-Kakula Mining Complex and accompanying direct-to-blister copper smelter with a capacity of 500,000-tonnes-per-annum. Mr. Farren and Mr. Amos have been actively involved in the early engineering and planning for both projects. In addition, they will oversee the construction of the Platreef palladium, rhodium, nickel, platinum, copper, and gold project in South Africa, and the restart of the high-grade zinc, copper, lead, germanium Kipushi mine in the DRC. (L-R) Mark Farren, incoming Ivanhoe Mines COO; Steve Amos, Ivanhoe Mines Executive Vice President, Projects; and Wimpie Steyn, Kamoa Copper Risk Control Manager, holding some of Kamoa-Kakula's first copper concentrate in March 2021.
As previously announced, Mr. Riaan Vermeulen replaced Mr. Farren as the Managing Director of the Kamoa Copper Joint Venture in June 2022, following a transition period. Mr. Vermeulen has more than 32 years of underground and open-pit mining experience in various operational, project and technical management roles, including Acting Head of Mining: Base Metals for Anglo American. Mr. Vermeulen also worked closely with Mr. Farren at Anglo Platinum, where they designed and built Anglo Platinum's most efficient underground mine, the Middelpunt Hill Platinum Mine in South Africa. Mr. Vermeulen is currently overseeing the delivery of the debottlenecking program to increase the Phase 1 and 2 processing capacity from 7.6 million to 9.2 million tonnes

per annum, as well as the Phase 3 Pre-Feasibility Study that is planned for release at the
end of the year.

In addition, Ms. Annebel Oosthuizen was appointed as the Chief Executive, Commercial
for Kamoa Copper. She joined the Kamoa-Kakula project in 2015 and has served in
progressively senior roles within the finance department, most recently as Executive,
Finance.

Ms. Oosthuizen has 15 years of financial management experience in the mining sector
across Africa. She was appointed to Kamoa Copper's Executive Committee in 2020 and
has served a critical role in ensuring a seamless and successful transition from Kamoa-
Kakula's development phase to its operational phase, as well as the commercial
management of the self-funded Phase 2 expansion and the upcoming Phase 3 and
smelter expansions.

Mr. Vermeulen and Ms. Oosthuizen will serve as Ivanhoe Mines senior management
designees in the Kamoa-Kakula joint-venture.