Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION ANNOUNCES CONFIRMATION OF CORPORATE AND BOND CREDIT RATINGS

International credit rating agencies S&P Global Ratings and Moody's have reaffirmed International Petroleum Corp.'s corporate and bond credit ratings. In respect of International Petroleum's corporate credit ratings, S&P Global Ratings has affirmed a credit rating of B with stable outlook and Moody's has affirmed a credit rating of B1 with stable outlook. In respect of International Petroleum's outstanding $300-million (U.S.) 7.25 per cent senior unsecured bonds with maturity in 2027 (ISIN No. 0012423476), S&P Global Ratings has affirmed a credit rating of B-plus and Moody's has affirmed a credit rating of B1.

About International Petroleum Corp.

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.

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