May 8 (Reuters) - Ivanhoe Electric Inc ( IE ):

* IVANHOE ELECTRIC SUBSIDIARY CORDOBA MINERALS CORP. SIGNS

DEFINITIVE AGREEMENT TO SELL REMAINING 50% STAKE IN ALACRÁN

COPPER PROJECT IN COLOMBIA

* IVANHOE ELECTRIC INC ( IE ): INITIAL CASH PROCEEDS OF US $88

MILLION TO

BE PAID ON CLOSING WITH AN ADDITIONAL US $12 MILLION PAID UPON

COMMERCIAL PRODUCTION

* IVANHOE ELECTRIC INC ( IE ): US $100 MILLION PURCHASE PRICE

REPRESENTS

A VALUE PER CORDOBA MINERALS CORP. COMMON SHARE OF US $1.10 OR

CDN $1.52

* IVANHOE ELECTRIC ( IE ) :ANTICIPATES RECEIVING CASH DISTRIBUTION

OF

OVER US $40 MILLION FROM INITIAL PROCEEDS

* IVANHOE ELECTRIC INC ( IE ) - CORDOBA MINERALS TO SELL 50%

INTEREST FOR

UP TO $128 MILLION - SEC FILING

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