Ivanhoe Electric confirms new copper discovery at Far Southwest Anomaly, East Ridge expands; PEA on track for Q2 2023

Ivanhoe Electric Inc.

First drill hole (SCC-098) at Typhoon Far Southwest Anomaly confirms copper mineralization at 1,059m depth under 1,000m of gravel cover.
Step-out hole SCC-109 at East Ridge discovers oxide copper (atacamite) over 47m starting at 657m depth; expansion potential north, east, south.
Infill hole SCC-025 returns 57.5m at 2.51% total copper (2.39% soluble) in southern Santa Cruz deposit.
Preliminary Economic Assessment for Santa Cruz Project on schedule for Q2 2023 completion.
Typhoon technology demonstrated to detect deep chargeable copper mineralization at depths >3,000 ft.

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