Onion Lake

IPC Updated Share Capital

July 31, 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 282,165 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 130,214,920 common shares with voting rights as at July 31, 2023, and IPC holds no common shares in treasury.