International Petroleum Corporation Announces 2025 Annual General Meeting Voting Results

/EIN News/ -- TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation’s 2025 Annual General Meeting of Shareholders held on May 7, 2025 in Calgary, Alberta.

Number of Directors

The number of Directors of the Corporation was set at eight.

Votes For	% For	Votes Against	% Against
62,055,815	99.98	10,847	0.02

Election of Directors

The eight nominees listed in the Corporation’s management information circular dated March 24, 2025 (the Circular) were elected as Directors of the Corporation to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless the office is earlier vacated, as described in the Circular.

Nominee	Votes For	% For	Votes Withheld	% Withheld
C. Ashley Heppenstall	60,675,041	97.76	1,391,621	2.24
William Lundin	61,771,676	99.52	294,986	0.48
Chris Bruijnzeels	55,217,620	88.97	6,849,042	11.03
Donald Charter	61,638,931	99.31	427,731	0.69
Lukas H. (Harry) Lundin	61,665,996	99.35	400,666	0.65
Emily Moore	61,832,709	99.62	233,953	0.38
Mike Nicholson	61,665,366	99.35	401,296	0.65
Deborah Starkman	61,673,369	99.37	393,293	0.63

Appointment of Auditor

PricewaterhouseCoopers LLP was appointed as auditor of the Corporation until the next annual meeting of shareholders and the Directors of the Corporation were authorized to fix the auditor’s remuneration.

Votes For	% For	Votes Withheld	% Withheld
62,220,145	99.98	12,337	0.02

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 Europe, 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 Gordon SVP Corporate Planning and Investor Relations rebecca.gordon@international-petroleum.com Tel: +41 22 595 10 50

Or

Robert Eriksson Media Manager reriksson@rive6.ch Tel: +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".