International PetroReal Oil Corporation

International PetroReal Oil Corporation

December 14, 2007 14:48 ET

International PetroReal Oil Corporation Announces Non-Brokered Private Placement Financing for Canadian, European Investors

CALGARY, ALBERTA--(Marketwire - Dec. 14, 2007) - International PetroReal Oil Corporation (TSX VENTURE:IPO) ("International PetroReal" or "the Company") is pleased to announce that, subject to regulatory approvals, the Company intends to issue, on a non-brokered private placement basis (the "Private Placement"), up to 3,000,000 common shares of the Company at $1.00 and up to 3,000,000 common shares of the Company on a "flow-through" basis at $1.25 per flow-through share.

The proceeds of the Private Placement financing will be directed toward expenditures proposed for the recent acquisition, optimization of the recently acquired water disposal operation and drilling of its Pembina Nisku prospect.

About International PetroReal Oil Corporation

International PetroReal Oil Corporation is a Calgary-based, emerging, TSX Venture-listed company that is focused on exploration, development and production of crude oil and natural gas, primarily in North America. The Company operations are located in central and southern Alberta, southwestern Saskatchewan and Louisiana. In early December, the Company entered into a Management Agreement to operate a water disposal facility located in southeastern Alberta, with an option to purchase. Recently restructured, International PetroReal's invigorated business plan is ongoing enhancement of shareholder investment and value through a pragmatic strategy of exploration, development, acquisition and timeliness.

Reader Advisory

Certain information regarding International PetroReal Oil Corporation in this disclosure including management's future plans and operations, drilling inventory and wells to be drilled, timing of drilling and tie in of wells, productive capacity of new wells, capital expenditures and timing thereof, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, but not limited to, risks associated with oi and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserves estimates, environmental risks, competition from other producers, inability to retain equipment, manpower and services, incorrect assessment of the value of acquisitions, failure to realize on the anticipated benefits of acquisitions, delays resulting from or inability to obtain regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual risks may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect International PetroReal's operations and financial results are included in reports on file with the Canadian securities regulatory authorities and may be accessed through the SEDAR website at or International PetroReal's website at Furthermore, the forward-looking statements contained in this news release are made as at the date of this disclosure and International PetroReal does not undertake any obligation to update publicly or to revise any of the represented forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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

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