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Non-binding term sheet signed with Orion Mine Finance for US$300 million streaming facility Societe Generale and Nedbank appointed as mandated lead arrangers for a senior project debt facility of up to US$120 million Detailed engineering underway on mine design, 770-ktpa concentrator and associated infrastructure for Platreef s phased development plan, which is expected to be incorporated into an updated feasibility study by the end of 2021 Platreef s Shaft 1 changeover progressing well in preparation for permanent hoisting by early 2022 Mokopane, South Africa (Newsfile Corp. - February 16, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng Miles Sun are pleased to announce that the company s South African subsidiary, Ivanplats, has signed a non-binding term sheet with Orion Mine Finance, a leading international provider of production-linked stream financing to base and precious metals mining companies, for a US$300 million gold, palladium a

United statesBritish columbiaSouth africaSouth australiaWestern australiaSouth africanSociete generaleMatthew keevilMurray robertsAmec foster wheelerRobert friedlandVictor skinner winderPlatreef integrated development planConsulting incIvanhoe minesNewsfile corp ivanplats arranging financing