International Petroleum Corp. Annual General Meeting to be held on May 7, 2019

International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that its Annual General Meeting of Shareholders will be held at the offices of Blake, Cassels and Graydon, LLP, Ottawa Room, Suite 4000, Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1A9 on Tuesday, May 7, 2019 at 9:00 a.m. (Eastern time), for the following purposes:

To receive the audited consolidated financial statements of the Corporation for the financial year ended December 31, 2018 and accompanying report of the auditor, and the management’s discussion and analysis for the year ended December 31, 2018;
To set the number of directors of the Corporation at eight;
To elect the eight nominees, being the current directors of the Corporation, standing for election as directors of the Corporation to hold office for the ensuing year;
To appoint PricewaterhouseCoopers AG, as the auditor of the Corporation for the ensuing year and to authorize the directors to fix the auditor’s remuneration; and
To transact such other business as may properly come before the Meeting.

The record date for the Annual General Meeting is March 22, 2019. The Notice of Meeting, the accompanying Management Information Circular and related Meeting materials, and the Corporation’s Annual Information Form for the year ended December 31, 2018, are available under the Corporation’s profile on SEDAR at www.sedar.com and on the Corporation’s website at www.international-petroleum.com.

Advice to Holders of Euroclear Sweden Registered Shares

Shareholders who hold their securities (“Euroclear Registered Securities”) through Euroclear Sweden AB, which securities trade on the NASDAQ Stockholm, are not registered holders of voting securities for the purposes of voting at the Meeting. Instead, Euroclear Registered Securities are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Securities will receive a voting instruction form (the “VIF”) by mail directly from Computershare AB (“Computershare Sweden”). Additional copies of the VIF, together with the Corporation’s Information Circular, can also be obtained from Computershare Sweden and are available on the Corporation’s website (www.international-petroleum.com). The VIF cannot be used to vote securities directly at the Meeting. Instead, the VIF must be completed and returned to Computershare Sweden, strictly in accordance with the instructions and deadlines that will be described in the instructions provided with the VIF.

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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