Ivanhoe Energy Files Early Warning Report

Ivanhoe Energy Inc.

today issued an early warning report, pursuant to the early warning requirements of National Instrument 62-103 with respect to the common shares in the capital of Ivanhoe Energy. In accordance with the early warning requirements, applicable Canadian securities laws and prior releases and filings by Ivanhoe Energy, Ivanhoe Energy is required to report certain information respecting securities held by Robert M. Friedland. Pursuant to an amending agreement, dated March 14, 2012, amongst Ivanhoe Capital Finance Ltd. and Ivanhoe Energy, which amended that certain loan agreement, dated December 30, 2011, Mr. Friedland acquired, indirectly through his wholly-owned corporation, Ivanhoe Capital, the right to convert, at any time prior to maturity of the loan, the then outstanding principal into Common Shares at a conversion rate of one whole Common Share for each CAD$0.96 of principal amount then outstanding, subject to customary adjustments. The conversion price of CAD$0.96 was calculated with reference to the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange for the five consecutive trading days preceding March 12, 2012. The exercise of the Conversion Right may result in up to 10,484,375 Common Shares being issued to Ivanhoe Capital, which would represent 2.96% of the outstanding Common Shares (taking account of the conversion). The Conversion Right was granted as consideration for the subordination of an existing loan to a new third party facility and no new proceeds were received by Ivanhoe Energy.