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INTERNATIONAL ENERGY LTD., INC. (OTC: ILGL) Announces Re-Launch of the Corporation's Business Plan

^{Published on 2009-12-29 06:40:09 - Market Wire}
 

TAMPA, FL--(Marketwire - December 29, 2009) - INTERNATIONAL ENERGY LTD., INC. (PINKSHEETS: [ ILGL ]) is proud to announce that effective immediately, International Energy is open for business and is starting to roll the assets of the corporation's previously announced business plan onto the books / balance sheet, as assets, of International Energy.

Jefferson Bootes, International Energy's President, former CEO and Chairman, is quoted as saying, "I would like to take this opportunity to first apologize to our shareholders for the long delay in executing our business plan. As you have probably read, the OSC and SEC have now taken the appropriate legal action against the former transfer agents and their owners out of Toronto, Canada. While this was in process, we felt it prudent not to commence with our plans, but rather to wait until action had been taken. Now with this behind us, International Energy is ready to move forward to execute our Business Plan bringing much needed value and stability to you, our shareholders."

Mr. Bootes goes on to say, "To this end, I would also like to thank our shareholders for their patience and continued support through these tough times." "The time lost however was not time wasted. In the interim I have been solidifying the contracts for coal properties and finalized a deal with Mr. Norman C. Buenaflor, of Florida, to bring Uranium mining claims in Canada into International Energy Ltd., Inc. Mr. Buenaflor will be joining us full time as the new Chairman, President and CEO of International Energy Ltd., Inc., while I step back as Executive Vice President, directly in charge of all international Coal Mining Properties and Operations."

With this acquisition, International Energy, Ltd., Inc. will seek out a slightly new direction in the uranium and coal energy markets, as allocation suppliers, traders and dealers. International Energy Ltd., Inc., now with its newly acquired network of buyers and sellers around the world and its new staff of seasoned uranium and coal trading professionals, attorneys and CPAs, will help facilitate the ease of process between buyers and sellers of actual, tangible allocations of energy products.

About International Energy Ltd., Inc.:

International Energy Ltd., Inc. (ILGL) is an independent energy and mining company headquartered in Florida and focused on uranium and coal. International Energy Ltd., Inc., through its global network of buyers and sellers, along with its staff of seasoned oil, gas, refined fuels, uranium and coal trading professionals, attorneys and CPAs, will help facilitate the ease of transaction between buyers and sellers of actual, tangible refined fuels, uranium and coal allocations. Together with this, International Energy continues to search to acquire new mining properties and leases for exploration and future development.

ILGL owns 50% Stockholding in a Saskatchewan Uranium Mine Property. Saskatchewan has the richest uranium deposits in the world. The province is the world's largest producer and exporter of uranium. All of the uranium produced in Canada comes from Saskatchewan. The rich uranium deposits are concentrated in the Athabasca basin in northwest corner of the province. Open pit mines and underground mines extract the mineral, which is then crushed and milled to separate the uranium. There are uranium mines at Rabbit Lake and Key Lake. (photo: uranium pit mine at Rabbit Lake - [ http://www.saskschools.ca/~gregory/sask/mining/upitmine.jpg ]) The uranium is sold to fuel power plants in Canada, the United States, Europe and the Far East.

Exclusive updates on Twitter are available at [ http://twitter.com/ILGL ] and to know more about Uranium Mines Market potential and its details go to website: [ http://www.americanenergyindependence.com/uranium.aspx ]

The company is already working towards its next deal closing.

Forward-Looking Statements

This news release contains forward-looking statements made by INTERNATIONAL ENERGY LTD., INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.