International Petroleum Corp. Annual General Meeting to be held on May 7, 2025

31 Mar 2025 09:00 CEST

International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq
Stockholm: IPCO) is pleased to announce that the Annual General Meeting (the
"Meeting") of holders of common shares ("Shareholders") will be held at the
offices of Blake, Cassels and Graydon LLP, Suite 3500, 855 - 2nd Street S.W.,
Calgary, Alberta, Canada T2P 4J8 on Wednesday, May 7, 2025 at 8:00 a.m.
(Mountain time), for the following purposes:

1. To receive the audited consolidated financial statements of the Corporation
for the financial year ended December 31, 2024 and accompanying report of
the auditor;
2. To set the number of directors of the Corporation at eight;
3. To elect the eight nominees of the Corporation standing for election as
directors of the Corporation to hold office until the next annual meeting of
Shareholders or until his or her successor is duly elected or appointed;
4. To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants,
as the auditor of the Corporation, to hold office until the next annual
meeting of Shareholders and to authorize the directors to fix the auditor's
remuneration; and
5. To transact such other business as may properly come before the Meeting or
any adjournment(s) or postponement(s) of the Meeting.

The record date for the Meeting is March 18, 2025. The Notice of Meeting, the
Management Information Circular dated March 24, 2025 (the "Information
Circular") and related Meeting materials, and the Corporation's Annual
Information Form for the year ended December 31, 2024, will be available under
the Corporation's profile on SEDAR+ at www.sedarplus.ca and on the Corporation's
website at www.international-petroleum.com.

The Corporation is not aware of any items of business to be brought before the
Meeting other than those described in the Information Circular and there will be
no management presentation on the business and operations of the Corporation at
the Meeting.

Advice to Holders of Euroclear Sweden Registered Common Shares

Shareholders who hold their common shares ("Euroclear Registered Common Shares")
through Euroclear Sweden AB, which common shares trade on the Nasdaq Stockholm,
are not registered holders of common shares for the purposes of voting at the
Meeting. Instead, Euroclear Registered Common Shares are registered under CDS &
Co., the registration name of the Canadian Depositary for Securities. Holders of
Euroclear Registered Common Shares will receive a voting instruction form (the
"VIF") by mail directly from Computershare AB ("Computershare Sweden").
Additional copies of the VIF, together with the Information Circular, can also
be obtained from Computershare Sweden and are available on the Corporation's
website at www.international-petroleum.com. The VIF cannot be used to vote
common shares directly at the Meeting. Instead, the VIF must be completed and
returned to Computershare Sweden, strictly in accordance with the instructions
and deadlines as further described in the instructions provided with the VIF.

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 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 Or Tel: +46 701 11 26 15

The information was submitted for publication, through the contact persons set
out above, at 09:00 CEST on March 31, 2025.

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".

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642621_IPC PR AGM Notice 31-03-2025.pdf