Ivanhoe Energy Inc. (Ivanhoe) is an independent international heavy oil development and production company. Ivanhoe�s core operations are in Canada, Ecuador, China and Mongolia, with business development opportunities worldwide. Ivanhoe�s wholly owned subsidiary, Sunwing Energy Ltd. (Sunwing) is focused on a natural gas exploration project (the Zitong Block) in Sichuan Province of China. The Sichuan Basin is located in central China approximately 930 miles southwest of Beijing. Its oil and gas operations are located in three geographic areas: Asia, Canada and Ecuador. In December 2012, the Company had closed the Share Purchase and Sale Agreement with MIE Holdings Corporation for all of the interest of its indirect, wholly owned subsidiary, Pan-China Resources Ltd.