| Name of Subsidiary                               | Jurisdiction of Incorporation or Formation |
|--------------------------------------------------|--------------------------------------------|
| Dagang Resources Ltd.                            | British Virgin Islands                     |
| IELA Colombia Inc.                               | Barbados                                   |
| IELA Mexico Pte. Ltd.                            | Singapore                                  |
| IELA Singapore Pte. Ltd                          | Singapore                                  |
| Ivanhoe Energy (Latin America) Inc.              | British Virgin Islands                     |
| Ivanhoe Energy (Middle East) Inc.                | British Virgin Islands                     |
| Ivanhoe Energy Advisory Inc.                     | British Virgin Islands                     |
| Ivanhoe Energy Canada Inc.                       | Alberta                                    |
| Ivanhoe Energy Canadian Holdings Inc.            | Alberta                                    |
| Ivanhoe Energy Colombia Inc.                     | Barbados                                   |
| Ivanhoe Energy Ecuador Inc.                      | British Columbia                           |
| Ivanhoe Energy Holdings Inc.                     | Nevada                                     |
| Ivanhoe Energy HTL (USA) Inc.                    | Nevada                                     |
| Ivanhoe Energy HTL Inc.                          | Nevada                                     |
| Ivanhoe Energy International Inc.                | British Virgin Islands                     |
| Ivanhoe Energy International Ventures Inc.       | British Virgin Islands                     |
| Ivanhoe Energy Latin America Inc.                | British Columbia                           |
| Ivanhoe Energy MENA Inc.                         | British Columbia                           |
| Ivanhoe Energy Mexico IELA, S.A. de C.V.         | Mexico                                     |
| Ivanhoe Energy Mexico Inc.                       | British Columbia                           |
| Ivanhoe Energy Mongolia Inc.                     | Alberta                                    |
| Ivanhoe Energy Petroleum Projects Inc.           | Nevada                                     |
| Ivanhoe Energy Services Mexico IELA S.A. de C.V. | Mexico                                     |
| Ivanhoe HTL Petroleum Ltd                        | Nevada                                     |
| Panasian Energy Ltd.                             | Nevis                                      |
| Pan-China Resources Ltd.                         | British Virgin Islands                     |
| Shaman LLC                                       | Mongolia                                   |
| Sunwing Energy Ltd.                              | Bermuda                                    |
| Sunwing Holding Corporation                      | Barbados                                   |
| Sunwing Management Limited                       | Hong Kong                                  |
| Sunwing Zitong Energy Ltd.                       | British Virgin Islands                     |

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