Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION ANNOUNCES 2024 ANNUAL GENERAL MEETING VOTING RESULTS

International Petroleum Corp. has released the voting results from the corporation's 2024 annual general meeting of shareholders held on May 8, 2024, in Calgary, Alta.

Number of directors

The number of directors of the corporation was set at eight.

Votes for      % for    Votes against    % against

62,674,778     99.99            5,387         0.01

Election of directors

The eight nominees listed in the corporation's management information circular dated March 22, 2024, were elected as directors of the corporation to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless the office is earlier vacated, as described in the circular.

Appointment of auditor

PricewaterhouseCoopers SA was appointed as auditor of the corporation until the next annual meeting of shareholders and the directors of the corporation were authorized to fix the auditor's remuneration.

Votes for      % for    Votes withheld    % withheld

62,616,229     99.99            63,936          0.10

In consultation with PricewaterhouseCoopers SA, the corporation's board of directors has approved the transition to PricewaterhouseCoopers' Canadian audit firm given the corporation's jurisdiction of formation and status as a Canadian reporting issuer. As a result, PricewaterhouseCoopers SA has declined to accept the appointment as auditor of the corporation and the board has appointed PricewaterhouseCoopers LLP, based in Calgary, Canada, to hold office as the corporation's auditor until the next annual meeting of shareholders. PricewaterhouseCoopers LLP has consented to act as auditor of the corporation.

The corporation confirms that there were no reservations or modified opinions in the reports of PricewaterhouseCoopers SA on the corporation's audited consolidated financial statements for the two most recently completed financial years ended Dec. 31, 2023, and Dec. 31, 2022. There were no reportable events, including disagreements, consultations or unresolved issues (each as defined in National Instrument 51-102, Continuous Disclosure Obligations) between the corporation and PricewaterhouseCoopers SA. In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, were previously filed by corporation on SEDAR+.

International Petroleum is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia and Europe, 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 (TSX) and Nasdaq Stockholm under the symbol IPCO.

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