International PetroReal Oil Corporation
TSX VENTURE : IPO

International PetroReal Oil Corporation

May 09, 2008 17:01 ET

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

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - 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 3,750,000 common shares of the Company at $0.40 per share.

The proceeds of the Private Placement financing will be directed toward repayment of a short term Loan Payable and working capital.

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. 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 oil 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.

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

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