IPC Publishes Prospectus for Bond Listing on Oslo Børs

International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) announces that the Swedish Financial Supervisory Authority today approved the prospectus in connection with the listing on Oslo Børs of the tap issue of USD 150 million of senior unsecured bonds (the "Additional Bonds") under IPC's existing 7.25% senior unsecured bonds (ISIN: NO0012423476) (the "Bonds"). 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 Børs is expected to be on or around December 19, 2023.

The Additional Bonds were issued on September 28, 2023 with maturity in February 2027. The prospectus for the Additional Bonds to be admitted for trading on Oslo Børs, 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 IPC’s website (www.international-petroleum.com) and will be available on the Swedish Financial Supervisory Authority’s website (www.fi.se).