Ivanhoe Mines Ltd. — Regulatory Filings 2020

Mar 27, 2020

II DRA Pacific Pty Ltd

□ RA .Al

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Level 4, 145 Eagle Street, Brisbane, QLD, 4000 / Australia GPO Box 5298, Brisbane, QLD, 4001 / Australia T +61 7 3236 4157 / E info@draglobal.com /W draglobal.com

Marius Phillips

Vice President - Process

DRA Pacific Pty Ltd

CONSENT of QUALIFIED PERSON

TO: Ivanhoe Mines Ltd. ("Ivanhoe")

I, Marius Phillips, am an author of the technical report entitled: "Kamoa-Kakula 2020 Resource Update", with an effective date of 25 March 2020 (the "Technical Report").

I hereby consent to the public filing of the Technical Report, and to the use of extracts from, or a summary of, the Technical Report in Ivanhoe's press release dated 5 February 2020 (the "Disclosure Document").

I confirm that I have read the Disclosure Document and that the Disclosure Document fairly and accurately represents the information contained in the sections of the Technical Report for which I am responsible.

Dated: of 27 March 2020

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Marius Phillips Vice President - Process

DRA Pacific Pty Ltd

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Directors I WA Carvelas (CEO), AJ Naude (CFO), M Battaglia, MF Carretta, MJ Langridge, GL McRostie

ACN: 078 037 019