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Press release from CNW Group

Private Placement Subscribers May Include Institutional Investors and other non-Insiders

Wednesday, May 25, 2011

Private Placement Subscribers May Include Institutional Investors and other non-Insiders08:02 EDT Wednesday, May 25, 2011NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, May 25, 2011 /CNW/ - Ivanhoe Energy Inc. (TSX: IE) (NASDAQ: IVAN) wishes to clarify that, further to the Company's news release dated May 18, 2011 announcing an agreement to sell, on a bought deal basis to a syndicate of underwriters led by TD Securities Inc., $50,000,000 principal amount of 5.75% convertible unsecured subordinated debentures (the "Debentures") and a concurrent private placement of up to an additional $25,000,000 of Debentures on the same terms (the "Private Placement"), the subscribers to the Private Placement will not necessarily be limited to directors, officers and insiders of the Company and may include selected financial institutions and other accredited investors.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 proprietary heavy oil upgrading process (HTLTM). Core operations are in Canada, Ecuador, China and Mongolia, with business development opportunities worldwide. Ivanhoe Energy trades on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE. For more information about Ivanhoe Energy Inc. please visit our web site at www.ivanhoeenergy.comFORWARD-LOOKING STATEMENTSThis document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning the completion, timing and amount and use of proceeds from the offerings. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include general economic, business and market conditions and other risks disclosed in Ivanhoe Energy's 2010 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR. For further information: David Dyck:      1 (403) 817 1138 Greg Phaneuf:  1 (403) 817 1131