Over the past several years, there has been an increased focus on corporate governance in both the United States and Canada.

The Board of Directors has approved a set of corporate governance guidelines to promote the effective functioning of the Board of Directors and to set forth a common set of expectations as how the board should manage its affairs and perform its responsibilities. Ivany Mining has adopted a Code of Busines Conduct and Ethics that is applicable to all directors, officers and employees.

Code of Business Conduct & Ethics

Our Board of Directors has adopted this Code of Conduct to provide principales for the purpose of promoting:

• honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

• full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications;

• compliance with applicable governmental laws, rules and regulations;

• the prompt internal reporting of violations of our Code of Conduct; and

• accountability for adherence to our Code of Conduct.

Our Code of Conduct applies to all of our employees, directors and officers, including our Chief Executive Officer, Chief Financial Officer and other senior financial officers performing similar functions. In our Code of Conduct these individuals are referred to as “you”.

Principles

• You shall act with honesty and integrity in the performance of your duties, shall comply with all laws, rules and regulations of federal, provincial, state and local governments and other private and public regulatory agencies that affect the conduct of our business and our financial and other reporting.

• You are responsible for full, fair, accurate, timely and understandable disclosure in the reports and documents that we file with, or submit to, the Securities and Exchange Commission and Canadian Securities Administrators and in our other public communications. Accordingly, each of you is responsible for promptly bringing to the attention of the Senior Vice President any material information of which you may become aware that affects our disclosure in our public filings.

• You shall promptly bring to the attention of the Senior Vice President any information you may have concerning evidence of a material violation of the securities or other laws, rules or regulations applicable to us and the operation of our business or any violation of this Code of Conduct. You may also use the complaint procedures that have been established by our Audit Committee. In either event, any reporting is confidential and you are protected from retaliation.

• You shall promptly bring to the attention of the Senior Vice President any information you may have concerning (a) significant deficiencies in the design or operation of internal controls which could adversely affect our ability to record, process, summarize and report financial data or (b) any fraud, whether or not material, that involves management or other employees, including those who have a significant role in our financial reporting, disclosures or internal controls.

• You must avoid any personal activity or association that could appear to influence your judgment or affect our best interests. You shall promptly bring to the attention of the Senior Vice President any information you may have concerning any actual or apparent conflicts of interest between personal and professional relationships, involving any management or other employees, including those who have a significant role in our financial reporting, disclosures or internal controls.