April 01, 2019

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that Daniel Fitzgerald, formerly Vice President Operations, has been promoted to Chief Operating Officer of IPC, effective as of April 1, 2019.

At the same time, Ryan Adair, formerly Vice President Reservoir Development, will assume a senior role in the Canadian management team as Vice President Asset Management and Corporate Planning of IPC Canada.

Mike Nicholson, Chief Executive Officer of IPC comments: “Daniel has been a key member of the senior management team at IPC since our inception in April 2017. He brings very strong operational and managerial experience and knowledge gained from his years with Shell and Lundin Petroleum and he has been integral to IPC’s outstanding operational performance over the last two years. We look forward to continuing this operational excellence with Daniel in the new COO position. And given the importance of the Canadian operations to IPC, Ryan will be a very valuable addition to the management team in Calgary, as we look to maximize the value of our existing resource base and explore opportunities to expand our business in Canada.“