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International Petroleum Limited: Signed Production Sharing Contracts over Four Licence Blocks in Niger

International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that four production sharing contracts (the “PSCs”) between the Republic of Niger and International Petroleum Limited, which is incorporated in the Cayman Islands (the “Contractor”) and is a wholly‐owned subsidiary of the Company, relating to four blocks known as Manga 1, Manga 2, Aborak and Ténéré Ouest (the “Blocks”), have been signed.

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