International Petroleum Corporation Publishes Prospectus for Bond Listing on Oslo Børs

15 Dec 2023 10:00 CET

International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq
Stockholm: IPCO) announces that the Swedish Financial Supervisory Authority
today approved the prospectus in connection with the listing on Oslo Børs of the
tap issue of USD 150 million of senior unsecured bonds (the "Additional Bonds")
under IPC's existing 7.25% senior unsecured bonds (ISIN: NO0012423476) (the
"Bonds"). The Additional Bonds were issued under a temporary ISIN (ISIN:
NO10013024927) and will be transferred to the Bonds' original ISIN. The first
day of trading of the Additional Bonds on Oslo Børs is expected to be on or
around December 19, 2023.

The Additional Bonds were issued on September 28, 2023 with maturity in February
2027. The prospectus for the Additional Bonds to be admitted for trading on Oslo
Børs, was approved by and registered with the Swedish Financial Supervisory
Authority today, and the prospectus will subsequently be passported to Norway.
The prospectus is available on IPC's website (www.international-petroleum.com)
and will be available on the Swedish Financial Supervisory Authority's website
(www.fi.se).

International Petroleum Corp. (IPC) is an international oil and gas exploration
and production company with a high quality portfolio of assets located in
Canada, Malaysia and France, providing a solid foundation for organic and
inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is
incorporated in Canada and IPC's shares are listed on the Toronto Stock Exchange
(TSX) and the Nasdaq Stockholm exchange under the symbol "IPCO".

For further information, please contact:

Rebecca Gordon   Robert Eriksson
VP Corporate Planning and Investor Relations Media Manager
rebecca.gordon@international-petroleum.com Or reriksson@rive6.ch
Tel: +41 22 595 10 50 Tel: +46 701 11 26 15

The information was submitted for publication, through the contact persons set
out above, at 10:00 CET on December 15, 2023.

Forward-Looking Statements
This press release contains statements and information which constitute
"forward-looking statements" or "forward-looking information" (within the
meaning of applicable securities legislation). Such statements and information
(together, "forward-looking statements") relate to future events, including the
Corporation's future performance, business prospects or opportunities. Actual
results may differ materially from those expressed or implied by forward-looking
statements. The forward-looking statements contained in this press release are
expressly qualified by this cautionary statement. Forward-looking statements
speak only as of the date of this press release, unless otherwise indicated. IPC
does not intend, and does not assume any obligation, to update these forward-
looking statements, except as required by applicable laws.

All statements other than statements of historical fact may be forward-looking
statements. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, forecasts, guidance,
budgets, objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "forecast", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe",
"budget" and similar expressions) are not statements of historical fact and may
be "forward-looking statements". Forward-looking statements include, but are not
limited to, statements with respect to the commencement of trading of the bonds
on Oslo Børs.

Additional information on these and other factors that could affect IPC, or its
operations or financial results, are included in IPC's annual information form
for the year ended December 31, 2022 (See "Cautionary Statement Regarding
Forward-Looking Information", "Risks Factors" and "Reserves and Resources
Advisory" therein), in the management's discussion and analysis (MD&A) for the
three and nine months ended September 30, 2023 (See "Cautionary Statement
Regarding Forward-Looking Information", "Risks and Uncertainties" and "Reserves
and Resources Advisory" therein) and other reports on file with applicable
securities regulatory authorities, including previous financial reports,
management's discussion and analysis and material change reports, which may be
accessed through the SEDAR+ website (www.sedarplus.ca) or IPC's website
(www.international-petroleum.com).

Currency
All dollar amounts in this press release are expressed in United States dollars,
except where otherwise noted. References herein to USD mean United States
dollars.

More information:
Access the news on Oslo Bors NewsWeb site

606768_IPC - PR - Prospectus approval and bond listning 15-12-23.pdf