Ivanhoe Energy appoints Randolph Thornton to its Board of Directors.

– CANADA, Calgary – Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today announced the appointment of Randolph Thornton to the company’s Board of Directors.

Mr. Thornton is President and Chief Executive Officer of Comdisco Holding Company, Inc. He also is non-executive Chairman and a member of the board of both Core-Mark International and National Energy & Gas Transmission. He served as Managing Director and a Senior Credit Officer of Citigroup where he worked for 34 years; the last 20 years as a senior executive in its corporate restructuring practice.

Mr. Thornton graduated from Lafayette College in 1967 with a B.A. in History and earned an MBA in Finance at Columbia Business School in 1971. He previously served in Vietnam as a US Army 1st Lieutenant, receiving two bronze stars with the 9th Infantry Division.

“Ivanhoe Energy welcomes Mr. Thornton to the board. His skill set and experience are assets to the company during this critical period of building and sustaining value for shareholders,” said Carlos Cabrera, Executive Chairman.

Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL^®). Core operations are in Canada, the United States and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN.