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IVANHOE CAPITAL ACQUISITION CORP. AND SES HOLDINGS PTE. LTD. ANNOUNCE EFFECTIVENESS OF REGISTRATION STATEMENT AND FEBRUARY 1, 2022 EXTRAORDINARY GENERAL MEETING TO APPROVE BUSINESS COMBINATION

- Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) (" Ivanhoe "), a publicly traded special purpose acquisition company, and SES Holdings Pte. Ltd. ("SES"), a world leader in development and manufacturing of high-performance Li-Metal batteries for automotive and transportation applications, today announced that the U.S. Securities and Exchange Commission (the "SEC") has declared effective Ivanhoe's registration statement on Form S-4 (File No. 333-258691) relating to the previously announced proposed business combination of Ivanhoe and SES (the "Business Combination").

Ivanhoe will mail shareholders and public warrant holders as of December 14, 2021 (the "Record Date") the definitive proxy statement/prospectus relating to the Extraordinary General Meeting of Ivanhoe Shareholders (the "Extraordinary General Meeting"), to be held on February 1, 2022 at 9:00 am ET . Shareholders are encouraged to vote in advance of the Extraordinary General Meeting and will have until January 31, 2022 at 11:59 pm ET to do so. Additionally, the meeting of the holders (the "Warrant Holder Meeting") of public warrants of Ivanhoe to approve certain changes to Ivanhoe's warrants is also scheduled to be held on February 1, 2022 at 9:15 a.m. Voting in advance is easy and can be done in one of three ways: online, via telephone or by mail. All Ivanhoe shareholders and public warrant holders as of the Record Date are encouraged to vote for the transaction and the changes to Ivanhoe's warrants, respectively.

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Ivanhoe Mines Provides 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex

2022 production guidance of between 290,000 to 340,000 tonnes of copper in concentrate

Kamoa Copper produced 105,884 tonnes of copper in concentrate in 2021, exceeding the upper end of the guidance range, reflecting outstanding ramp-up of the Phase 1 operation

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Ivanhoe Mines to Issue 2021 Production Numbers and 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex on January 10

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that the company plans to issue the 2021 year-end production results, as well as production and cost guidance for 2022, for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) on Monday January 10, 2022.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%). A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

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