InterOil Corporation

InterOil Corporation

March 30, 2007 07:45 ET

InterOil Announces Filing of its 2006 Year-End Disclosure Documents

TORONTO, ONTARIO--(CCNMatthews - March 30, 2007) - InterOil Corporation (TSX:IOL)(AMEX:IOC)(POMSoX:IOC), a Canadian company with operations in Papua New Guinea, today filed its Annual Information Form ("AIF"), Audited Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2006 with Canadian Securities regulatory authorities on the System for Electronic Document Analysis and Retrieval ("SEDAR"). In addition, InterOil has filed on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system in the United States, its Annual Report on Form 40-F for the year ended December 31, 2006 which also includes InterOil's AIF, Audited Consolidated Financial Statements and related MD&A.

InterOil's Annual Information Form includes the Statement of Reserves Data and Other Oil and Gas Information and the Report of Management and Directors on Oil and Gas Disclosure required pursuant to Canadian National Instrument 51-101. Copies of InterOil's filed documents may be accessed electronically from SEDAR at or on InterOil's website at Copies of the annual report on Form 40-F may be accessed electronically from

InterOil plans to hold a conference call on April 2, 2007 at 08:15 a.m. Eastern, to review its financial and operational results for the fourth quarter of 2006 and the year ended December 31, 2006. The conference call phone number is (800) 230-1059 for U.S. callers and (612) 332-0107 for International callers. You may listen to the conference by using the following link followed by clicking on one of the links as indicated. Alternatively, you may visit our website on the day of the conference call where a direct link to the conference call has been provided.

The duration of the conference call will be approximately 60 minutes. We are inviting participants in the conference to direct any questions you may have regarding our operations and financials for the year ended December 31, 2006 by e-mail, to at least one hour prior to the commencement of the conference call. We will endeavour to answer all questions, time permitting.

InterOil is developing a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Its assets comprise an oil refinery, upstream petroleum exploration licenses, retail and commercial distribution assets and targeting expansion into Liquefied Natural Gas (LNG). The majority of the refined products from InterOil's refinery are secured by off-take contracts with Shell and InterOil's wholly-owned subsidiary, InterOil Products Limited. BP Singapore is InterOil's agent for crude oil supplied to the refinery. InterOil is also undertaking an extensive petroleum exploration program within its eight million acre license area located in Papua New Guinea. InterOil is widely recognized as being the largest value added processing facility in PNG.

InterOil's common shares trade on the Toronto Stock Exchange under the symbol IOL in Canadian dollars and on the American Stock Exchange under the symbol IOC in US dollars. For more information please see the InterOil website at:

Cautionary Statements

This press release may include "forward-looking statements" as defined in United States federal and Canadian securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements.

InterOil currently has no reserves as defined in Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Any information contained herein regarding resources are references to undiscovered resources under NI 51-101, whether stated or not.

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