Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION UPDATED SHARE CAPITAL

International Petroleum Corp. has provided an update in accordance with the Swedish Financial Instruments Trading Act.

Following the cancellation of 288,027 common shares repurchased by International Petroleum under the normal course issuer bid/share repurchase program, the total number of issued and outstanding common shares of the corporation is 113,354,532 common shares with voting rights as at June 30, 2025, and International Petroleum holds no common shares in treasury.

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. International Petroleum is incorporated in Canada and International Petroleum's shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol IPCO.