Ivanhoe Energy Completes Canadian Regulatory Filings for Cdn$125 Million
Private Placement

CALGARY, Feb. 11 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today announced that it has filed its final short-form prospectus dated February 10, 2010 (the Prospectus), related to a Cdn$125 million private placement of Special Warrants completed on January 26, 2010 (the Offering).

The Offering provided for the placement of 41,666,667 Special Warrants at Cdn$3.00 per Special Warrant. Upon exercise of each Special Warrant, the holder is entitled to receive one Common Share and one quarter (0.25) of one Common Share Purchase Warrant. Each whole Purchase Warrant entitles the holder to acquire one Common Share of Ivanhoe Energy at an exercise price of Cdn$3.16 on or before January 26, 2011.

Ivanhoe Energy now has obtained a receipt dated February 10, 2010 for the Prospectus from the securities commissions in each of the provinces of British Columbia, Alberta, Manitoba and Ontario. The Prospectus qualifies the distribution of 41,666,667 Common Shares of Ivanhoe Energy issuable upon the conversion of the Special Warrants and 10,416,667 Common Share Purchase Warrants.

An additional Cdn$25 million of Special Warrants (8,333,333 Special Warrants) are under option and may be issued, in whole or in part, on or before February 24, 2010. If all of these additional Special Warrants are issued, the total proceeds of the private placement will be Cdn$150 million.

The securities offered will not be or have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 ultimate size of the private placement and the proposed use of proceeds. When used in this document, words such as "could", "plan", "expect", "estimate", "anticipate", "intend", "may", "potential", "should", and similar expressions relating to matters that are not historical facts are forward-looking statements. Although the Company believes 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 Company will be unable to raise financing 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.

SOURCE Ivanhoe Energy Inc.

For further information: For further information: David Dyck: (403) 817-1138; Ian Barnett: (647) 203-6588; Dorreen Miller: (403) 817-1108, info@ivanhoeenergy.com

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Ivanhoe Energy Inc.

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