Ivanhoe Mines comments on share price movement

February 28, 2025

Ivanhoe Mines comments on share price movement

JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF)

Executive Co-Chairman Robert Friedland, and President & Chief Executive Officer

Marna Cloete announced today that it is not aware of any material events that might be

contributing to the recent decline in the company’s share price, other than current

general market volatility.

Operations at the Kamoa-Kakula Copper Complex and the Kipushi Zinc Mine, as well as

exploration activities in the Western Forelands, in the Democratic Republic of the

Congo (DRC) are business as usual. The company provided an overview of its

operations in the 2024 annual and fourth quarter financial news release, announced on

February 19, 2025. To view the management webcast and presentation on Ivanhoe’s

2024 annual financial results and operational update, please follow this link:

https://meetings.400.lumiconnect.com/r/participant/live-meeting/400-631-436-236

Ivanhoe’s operations have not been impacted by the recent rebel activity in north-east

DRC, which is contained to the North and South Kivu provinces, located approximately

1,500 kilometres from Kolwezi in the DRC Copperbelt. The company hopes for a

peaceful and rapid resolution to the conflict, and notes the increasing calls for dialogue

and an immediate cease-fire from the United States of America, United Kingdom,

European Union, East African Community (EAC), Southern African Development

Community (SADC) and Catholic Church in the Democratic Republic of the Congo. We

are aware and appreciate that this international pressure is increasing diplomatic

activity with hopes that progress is being made towards a peaceful resolution.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal

projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the

DRC, the ramp-up of the ultra-high-grade Kipushi zinc-copper-germanium-silver mine,

also in the DRC; and, the phased development of the tier-one Platreef palladium-nickel-

platinum-rhodium-copper-gold project in South Africa.

Ivanhoe Mines is also exploring across its highly prospective, 60-100% owned

exploration licences in the Western Forelands, covering an area over 5 times larger than

the adjacent Kamoa-Kakula Copper Complex. Ivanhoe is exploring for new sedimentary

copper discoveries, as well as expanding and further defining its high-grade Makoko,

2

Kiala, and Kitoko copper discoveries as the company’s next major development

projects.

Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_) on X.

Information contact

Investors

Vancouver: Matthew Keevil +1.604.558.1034

London: Tommy Horton +44 7866 913 207

Media

Tanya Todd +1.604.331.9834