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Conference Call Tuesday, October 14th, to Discuss Ivanhoe Energy’s Landmark Contract to Explore and Develop Ecuador’s Pungarayacu Heavy-Oil Field

October 10, 2008

QUITO, ECUADOR, Oct. 10 /PRNewswire-FirstCall/ — Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) will host a conference call on Tuesday October 14, 2008, at 4:30 p.m. Eastern (1:30 p.m. Pacific) for investors and analysts to discuss the contract signed by Ivanhoe Energy Ecuador with Ecuador’s state oil companies, Petroecuador and Petroproduccion, to explore and develop the Pungarayacu heavy-oil field, utilizing Ivanhoe’s proprietary heavy-to-light (HTL) upgrading technology. Details of the contract were contained in Ivanhoe’s news announcement on October 8.

Participating in the call will be Robert Friedland, Ivanhoe Energy’s Executive Chairman, President and CEO; David Martin, Executive Chairman and CEO of Ivanhoe Latin America; Bob Abboud, Co-Chairman and Independent Lead Director of Ivanhoe Energy; Ian Barnett, Executive Vice President of Corporate Development and Finance; and Gordon Lancaster, Chief Financial Officer.

The conference call may be accessed by dialling 1-800-732-0232 in Canada and the United States, or 1-416-644-3420 in the Toronto area and internationally. A simultaneous webcast of the conference call will be provided through http://www.ivanhoeenergy.com/ and http://www.newswire.ca/webcast. If you are unable to participate in the call, it will be archived for later playback by dialling 1-416-640-1917 and entering the pass code 21286087, followed by the number sign, or via http://www.ivanhoeenergy.com/. The archived playback will be available until November 14, 2008.

Ivanhoe Energy is an independent, international heavy-oil development and production company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its patented heavy-oil upgrading process (HTL). Core operations are in Canada, the United States and China, with business development opportunities worldwide. Ivanhoe Energy’s shares trade on NASDAQ with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE.

Ivanhoe Energy Inc.

CONTACT: Investors’ Contact: Ian Barnett, (647) 203-6588; Bill Trenaman,(604) 688-8323; Media Contact: Bob Williamson, (604) 688-8323, Website:http://www.ivanhoeenergy.com/




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