IPC Updated Share Capital (February 29 2024)

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 572,506 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 125,898,960 common shares with voting rights as at February 29, 2024, of which IPC holds 70,600 common shares in treasury.