Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION TO ARRANGE FIXED INCOME INVESTOR MEETINGS

International Petroleum Corp. is planning to arrange fixed income investor meetings in connection with a potential tap issue under the outstanding $300-million (U.S.) of 7.25 per cent senior unsecured bonds with maturity in 2027 (ISIN 001242 34 7 6).

International Petroleum has mandated Arctic Securities and Pareto Securities as joint lead managers and bookrunners, and SpareBank 1 Markets AS as co-manager, to arrange a series of fixed income investor meetings commencing Monday, Sept. 11, 2023. Subject to market conditions, a tap issue of up to $200-million (U.S.) may follow. The purpose of the tap issue is for general corporate purposes.

International Petroleum 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. International Petroleum is a member of the Lundin Group of Companies. International Petroleum is incorporated in Canada and International Petroleum's shares are listed on the Toronto Stock Exchange and the Nasdaq Stockholm exchange under the symbol IPCO.

We seek Safe Harbor.