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Ivanhoe Electric Inc. press release

Logan Resources correction re: directors and officers

NYSE - New York Stock Exchange · Copper · Gold · Silver · Zinc · Lead · Nickel · Cobalt · Platinum · Palladium · Vanadium · United States

VANCOUVER, Nov. 14 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the "Company") announced that, after a review of the affairs of the Company and the current market conditions, James Stewart and Shaun Maskerine have declined to serve as directors and as officers of the Company. A news release issued by the Company on October 14, 2008, incorrectly disclosed that Mr. Stewart and Mr. Maskerine had been appointed as directors and officers. Seamus Young will continue to serve as the President and CEO of the Company.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.

ON BEHALF OF THE BOARD

"Seamus Young" Seamus Young President and CEO

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

The TSX Venture Exchange has neither approved or disapproved the information contained herein.

Earlier from Ivanhoe Electric Inc.