International Petroleum Corporation

International Petroleum Corporation Updated Share Capital

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 288,027 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 113,354,532 common shares

with voting rights as at June 30, 2025 and IPC holds no 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

Tel: +41 22 595 10 50 Or 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 17:30 CEST on June 30, 2025.

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