International Petroleum Corporation Updated Share Capital

31 Jul 2024 21:00 CEST

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq
Stockholm: IPCO) reports the following, in accordance with the Swedish Financial
Instruments Trading Act:

Following the cancellation of 1,027,147 common shares repurchased by IPC under
the normal course issuer bid / share repurchase program, the total number of
issued and outstanding common shares of the Corporation is 122,244,738 common
shares with voting rights as at July 31, 2024 and IPC holds 70,000 common shares
in treasury.

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

This information is information that International Petroleum Corporation is
required to make public pursuant to the Swedish Financial Instruments Trading
Act. The information was submitted for publication, through the contact persons
set out above, at 21:00 CEST on July 31, 2024.

More information:
Access the news on Oslo Bors NewsWeb site

624295_IPC PR Updated Share Capital July 31 2024 31-07-24.pdf