SOURCE: International Energy, Ltd.

February 23, 2007 09:00 ET

International Energy, Ltd. Announces Another Potential Joint Venture in Central Asia

ORLANDO, FL -- (MARKET WIRE) -- February 23, 2007 -- International Energy, Ltd. (PINKSHEETS: ILGY) (FRANKFURT: I9E) is proud to announce that the Company has been asked to become a joint venture partner by one of the largest private oil and gas companies in Central Asia.

The Company can confirm that preliminary discussions have commenced with the prospective joint venture partner who has acquired the rights to develop and operate an oil and gas reservoir with the stock evaluated at 5.5 million tons. The area of the reservoir is 115 square kilometers in the basin of a major river in Central Asia.

CEO David Watson stated: "This project in Central Asia is a first for us in that it involves a large private company. However, the strength of this company along with the attributes of the oil and gas reservoir leads us to conclude that this project can provide enormous earnings potential for our Company and greater share value for our shareholders."

About International Energy, Ltd.

International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.

Safe Harbor Statement

The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.

Contact Information


    International Energy, Ltd.
    D. Watson
    Tel: (407) 574-6623