Onion Lake

IPC Updated Share Capital

September 29, 2023

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

Following the cancellation of 486,400 common shares repurchased by IPC under the normal course issuer bid / share repurchase program, the total number of issued and outstanding common shares of the Corporation is 129,189,220 common shares with voting rights as at September 29, 2023, and IPC holds no common shares in treasury.