SOURCE: International Energy, Ltd.

April 18, 2007 09:30 ET

International Energy, Ltd. Announces the Appointment of a New Board of Directors

ORLANDO, FL -- (MARKET WIRE) -- April 18, 2007 -- International Energy, Ltd. (PINKSHEETS: ILGY) (FRANKFURT: I9E) is proud to announce that the Company has replaced its current board and has moved to appoint a New Board of Directors in keeping with its merger agreement.

Jefferson Bootes will become the Company's new President, Chief Executive Officer and Director. He was the President of Diversified Mining Group Inc., the merger partner with International Energy, Ltd., and has presented coal prospects to International Energy, Ltd. The most notable project brought to the Company's table by its merger partner is the "Monclova" coal project which boasts monthly output up to 20,000 tons.

Alex Khodja will become the Corporate Secretary and Director of the Company. He is charged with the oversight of the Company's oil and gas projects in Central Asia.

All former board members and officers of the Company have been replaced with the announcement of these new board appointments.

To round out all of the new changes at International Energy, Ltd., the Company's Headquarters have been moved to 400 N. Phelts Avenue, Winter Park, Florida 32789 effective immediately.

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.

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