SOURCE: Transworld Oil and Gas

April 11, 2006 14:19 ET

Transworld Oil and Gas Ltd. Updates Asset Sale to International Energy, Ltd.

HOUSTON, TX -- (MARKET WIRE) -- April 11, 2006 --Transworld Oil & Gas, Ltd. (OTC: TWOG) is pleased to announce that the record date set for the stock dividend distribution of International Energy, Ltd. (OTC: ILGY) will be April 24, 2006. Pay date for the dividend will be May 1, 2006. First American Stock Transfer will be mailing shares to Transworld Oil & Gas, Ltd. shareholders without any action required to be taken on the part of the shareholder. The ratio of the distribution will be one (1) share of International Energy, Ltd. for every ten (10) shares held of Transworld Oil & Gas with fractions to be rounded down.

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. 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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