Ivanhoe Energy to raise funds through Special Warrants Private Placement



    CALGARY, June 6 /CNW/ - Ivanhoe Energy Inc. (the "Company") (TSX: IE;
NASDAQ:   IVAN), intends to raise up to Cdn.$50 million by way of a private
placement of special warrants convertible into common shares of the Company.
The funds to be raised will be used by the Company to make the initial payment
of Cdn.$30 million required under the Company's agreement with Talisman Energy
Canada to acquire Talisman's interests in three leases in the Athabasca oil
sands region in the Province of Alberta, Canada, which was announced on
May 29, 2008, and for working capital purposes. Subject to regulatory approval
and satisfaction of all conditions precedent, the private placement is
expected to close contemporaneously with the closing of the acquisition of the
oil sand leases.
    The securities offered will not be or have not been registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent 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 Company's intention
to raise up to Cdn.$50 million by way of a private placement of special
warrants convertible into common shares and its agreement with Talisman to
acquire all of Talisman's working interest in three oil sand leases and other
statements which are not historical facts. When use in this document, the
words such as "could", "plan", "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 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 result
to differ from these forward-looking statements include the possibility that
the company will be unable to raise financing or 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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