International PetroReal Oil Corporation

International PetroReal Oil Corporation

November 29, 2007 16:28 ET

International PetroReal Announces Shares for Service

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) - International PetroReal Oil Corporation (TSX VENTURE:IPO) (the "Corporation") is pleased to announce that it intends to issue 900,000 common shares in the capital of the Corporation at a deemed price of $0.64 per share to officers of the Corporation as compensation for services provided to the Corporation and as a bonus for the completion of recent acquisitions. This share issuance is subject to the receipt of the necessary regulatory approvals.

The Corporation is an oil and gas exploration and development company whose primary focus is on the acquisition of producing properties with the aim of building a premier upstream production corporation.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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