Ivanhoe Energy completes Canadian regulatory filings for CA$88 million private placement



    CALGARY, Aug. 6 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ:   IVAN)
announced today that it has filed its final short-form prospectus dated
August 1, 2008 (the Prospectus), related to a CA$88 million private placement
of special warrants completed on July 8, 2008 (the Offering). The Offering
provided for the placement of 29,334,000 special warrants at CA$3.00 per
special warrant.
    Ivanhoe Energy now has obtained a receipt (the Receipt) dated August 5,
2008, for the Prospectus from the securities commissions in each of the
provinces of British Columbia, Alberta, Ontario and Quebec. The Prospectus
qualifies the distribution of 29,334,000 common shares of the Company issuable
upon the conversion of the special warrants. As a result of the issuance of
the Receipt, each of the special warrants, in accordance with its terms,
automatically will convert into one common share of Ivanhoe Energy at 5:00 pm
(Toronto time) on August 6, 2008. Ivanhoe Energy will mail certificates
representing the common shares issuable upon the deemed conversion of the
special warrants to the registered holders thereof no later than August 8,
2008.
    CA$22.5 million of the net proceeds from the Offering was paid to
Talisman Energy Canada as the down-payment under a CA$90 million agreement to
acquire Talisman's interests in certain oilsand leases in Alberta's Athabasca
region. The balance of the funds will be used to continue delineation drilling
of the acquired leases, to initiate site-specific engineering related to full
commercial deployment of Ivanhoe Energy's proprietary HTL heavy-oil upgrading
technology, and to order long-lead-time equipment.
    Lease 10, the principal oilsand lease acquired from Talisman Energy
Canada, is expected to be Ivanhoe Energy's first integrated HTL heavy-oil
project.
    The securities offered were not registered under the U.S. Securities Act
of 1933 and could not be offered or sold in the U.S. without registration or
an applicable exemption from registration requirements.

    FORWARD-LOOKING STATEMENTS: This 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 conversion of
special warrants into common shares and other statements that are not
historical facts. When used in this document, the words such as "could", and,
"expected", and similar expressions relating to matters that are not
historical facts, are forward-looking statements. Although the Company
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 the possibility that
the conditions of the closing of the transaction with Talisman are not
fulfilled and other risks disclosed in Ivanhoe Energy's Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the
Canadian Securities Commissions on SEDAR.




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For further information: www.ivanhoeenergy.com

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