Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION PUBLISHES PROSPECTUS FOR BOND LISTING ON OSLO BORS

The Swedish Financial Supervisory Authority has approved the prospectus in connection with the listing on Oslo Bors of the tap issue of $150-million (U.S.) of senior unsecured bonds under International Petroleum Corp.'s existing 7.25 per cent senior unsecured bonds (ISIN: NO0012423476). The additional bonds were issued under a temporary ISIN (ISIN: NO10013024927) and will be transferred to the bonds' original ISIN. The first day of trading of the additional bonds on Oslo Bors is expected to be on or around Dec. 19, 2023.

The additional bonds were issued on Sept. 28, 2023, with maturity in February, 2027. The prospectus for the additional bonds to be admitted for trading on Oslo Bors was approved by and registered with the Swedish Financial Supervisory Authority today, and the prospectus will subsequently be passported to Norway. The prospectus is available on International Petroleum's website and will be available on the Swedish Financial Supervisory Authority's website.

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.

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