International Petroleum Corporation Share Capital Update

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VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Company) (TSX, Nasdaq Stockholm: IPCO) declares the following, in accordance with Swedish law on trading in financial instruments:

Following the cancellation of an additional 780,587 common shares repurchased by IPC under the previously announced share buyback program, the total number of issued and outstanding common shares of the Company is 150,966,013 common shares. with voting rights as of March 31, 2022. IPC does not hold any common shares of treasury.

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International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a portfolio of high-quality 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 Stock Exchange in Stockholm under the symbol “IPCO”.

For more information, please contact:

Rebecca Gordon
Vice President of Corporate Planning and Investor Relations
[email protected]
Tel: +41 22 595 10 50

Or

Robert Erikson
media manager
[email protected]
Tel: +46 701 11 26 15

This information is information that International Petroleum Corporation is required to make public under Swedish law on trading in financial instruments. The information was submitted for publication, through the contact persons listed above, at 5:30 p.m. CET on March 31, 2022.