On April 17, 2008 International Energy, Inc. completed a $2,400,000 self directed private placement. The Private Placement consisted of the sale of 4,000,000 units at a price of $0.60 per Unit or $2,400,000 in the aggregate. The Units were offered and sold to a total of 10 accredited investors as defined in Regulation D as promulgated under the Securities Act of 1933, as amended. The Unit Shares comprise approximately 10% of the Company’s issued and outstanding shares as at April 17, 2007. The proceeds of the Private Placement will be used for working capital. In connection with the Private Placement, the Company paid a commission of 100,000 Units to Palladium Capital Advisors.

International Energy Inc. engages in the investigation, acquisition, and exploration of petroleum and natural gas properties in the United States and Canada. The company was founded in 1998. It was formerly known as e.Deal.net, Inc. and changed its name to International Energy, Inc. in 2005. International Energy is based in Vancouver, Canada.

Palladium Capital Advisors is a leading investment bank and brokerage firm dedicated to providing premier investment banking services to emerging growth companies and raising assets for top-tier hedge funds. The firm’s banking professionals each have, on average, more than 20 years of experience, and specialize in Private Investments in Public Equity (“PIPEs”), reverse mergers, public and private mergers and acquisitions, and corporate recapitalizations and restructurings, among other services.