International Petroleum Corporation Senior Management Changes

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.“

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol "IPCO".

For further information, please contact:

Rebecca GordonVP Corporate Planning and Investor Relationsrebecca.gordon@international-petroleum.comTel: +41 22 595 10 50

Robert ErikssonMedia Managerreriksson@rive6.chTel: +46 701 11 26 15

Forward-Looking Statements This press release contains statements and information which constitute "forward-looking statements" or "forward-looking information" (within the meaning of applicable securities legislation). Such statements and information (together, "forward-looking statements") relate to future events, including the Corporation's future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", “forecast”, "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "budget" and similar expressions) are not statements of historical fact and may be "forward-looking statements".

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