Koshka to Oversee W. Canada Business Development for Ivanhoe

Ivanhoe Energy Inc. has appointed Edward Koshka as Vice President, Business Development for Western Canada.

Koshka will be based in Ivanhoe's offices in Calgary, Alberta, and will be focused on developing commercial heavy oil opportunities utilizing Ivanhoe Energy's proprietary heavy oil upgrading technology (HTL(TM)) in the Canadian oilsands region.

Koshka has over 20 years of experience in oilsands development, petroleum refining and crude oil marketing. He joins Ivanhoe Energy from the senior management team at Synenco Energy Inc. in Calgary, a Canadian-based oilsands company.

Prior to his role at Synenco, Koshka worked at Purvin & Gertz, Inc. where he consulted with clients on strategic business development initiatives and market opportunities for the production of bitumen, partially upgraded bitumen, synthetic crude oil and refined petroleum products, including involvement with Ivanhoe Energy's HTL technology. Prior to Purvin & Gertz, he worked for 13 years at Petro-Canada in refinery operations, crude supply and marketing and risk management roles. Koshka has a degree in Chemical Engineering from the University of Alberta and an MBA from the University of Calgary and is an active member of the Canadian Heavy Oil Association, as Chairman of its Business and Regulatory committee.

"We are delighted to welcome Ed Koshka to Ivanhoe Energy's heavy oil development team," said Ed Veith, Ivanhoe Energy Vice President of Business Development. "He brings significant execution experience in heavy oil development, upgrading and refining projects as well as substantial knowledge of the heavy oil market in Western Canada and will bring added focus on the Western Canadian oilsands, a key target market for Ivanhoe Energy."

Koshka said, "I am looking forward to joining Ivanhoe Energy at this critical time in the development of the Canadian oilsands where our HTL technology can provide significant value to heavy oil producers. I believe that my knowledge of the Canadian heavy oil industry, combined with my upgrading, refining and project experience will complement the extensive experience already resident in Ivanhoe Energy."

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 (HTL(TM)). Core operations are in the United States and China, with business development opportunities worldwide.


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