Mr. Nicholas S. Cucinelli Appointed as President of International Energy’s Wholly Owned Subsidiary.

Vancouver, BC – August 28, 2007 – International Energy, Inc. (OTCBB: IENI), today announced the appointment of Mr. Nicholas S. Cucinelli as President and CEO of International Energy Corp., a wholly-owned subsidiary of the Company.

Among his many academic and professional accomplishments, Mr. Cucinelli served as a Strategy Consultant to the non-profit Carbon Disclosure Project (CDP), an organization that brings together over 300 institutional investors representing more than $40 trillion in assets with partners in 16 of the world’s major economies to focus attention on carbon emissions, energy usage and reduction. At CDP, Mr. Cucinelli analyzed American climate change policy and financial trends in order to create a business plan and U.S. entry strategy for an international investor secretariat, then representing $10 trillion in assets under management.

Mr. Cucinelli also acted as Advanced Biofuels Consultant to the Future Fuels Team at BP plc, one of the word’s largest private sector energy corporations and one of the six "supermajors," and has served as the Senior Business Development Specialist at Energy Conversion Devices (ENER), where he facilitated the commercialization of solar photovoltaic, advanced battery, fuel cell, solid-state hydrogen storage, and next generation information technologies. He also served as Manager of Federal and Military Sales for an ENER subsidiary, United Solar Ovonic.

Mr. Cucinelli has a Bachelor of Science degree (with high honors) and holds two advanced degrees through the University of Michigan’s Erb Institute for Global Sustainable Enterprise: a Master's degree in Business Administration (MBA) from the Ross School of Business, and a Master of Science degree in Natural Resources and Environment. The Erb Institute is the leading U.S. MBA/M.S. program focused on grooming leaders to achieve environmental, social, and economic sustainable development and enterprise.

Prior to entering the renewable energy field, Mr. Cucinelli meritoriously served 16 years in the United States Coast Guard and Coast Guard Reserve, eventually reaching the rank of Lieutenant Commander (O-4). During his tenure with the U.S. Coast Guard, Mr. Cucinelli responded to the September 11th terrorist attack on the Pentagon, conducted extensive environmental law enforcement missions, led disaster contingency planning efforts, and served as Operations Officer on a U.S. Coast Guard cutter. He was designated a “Coast Guard Hero” in 2000 by the Secretary of Defense and Secretary of Transportation for his exceptional leadership during two major environmental incidents on the Chesapeake Bay.

ABOUT INTERNATIONAL ENERGY INC.

International Energy, Inc. is focused on the investigation and acquisition of potential petroleum and natural gas prospects throughout North America. The Company additionally seeks to augment its position in the petroleum and natural gas sector through the acquisition of, and/or joint venture with, other energy related ventures or technologies.

For additional information regarding International Energy Inc., please call 1-800-676-1006 to speak with a shareholder representative.

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Disclaimer

Certain statements set forth in this press release relate to management's future plans, objectives and expectations. Such statements are forward-looking within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding the Company's future financial position, potential resources, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "project," "estimate," "anticipate," "believe," or "continue" or the negative thereof or similar terminology. Although any forward-looking statements contained in this press release are to the knowledge or in the judgment of the officers and directors of the Company, believed to be reasonable, there can be no assurances that any of these expectations will prove correct or that any of the actions that are planned will be taken. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual performance and financial results in future periods to differ materially from any projection, estimate or forecasted result. Some of the key factors that may cause actual results to vary from those the Company expects include inherent uncertainties in interpreting engineering and reserve or production data; operating hazards; delays or cancellations of drilling operations because of weather and other natural and economic forces; fluctuations in oil and natural gas prices in response to changes in supply; competition from other companies with greater resources; environmental and other government regulations; defects in title to properties; increases in the Company's cost of borrowing or inability or unavailability of capital resources to fund capital expenditures; and other risks described the Company's most recent Form 10QSB and Form 10-KSB filed with the Securities and Exchange Commission, our quarterly reports on Form 10-QSB and other current reports filed from time-to-time with the Securities and Exchange Commission.