updated 11/6/2007 11:38:00 PM ET 2007-11-07T04:38:00

InterOil Corporation (TSX: IOL)(AMEX: IOC)(POMSoX:IOC) announced that it will release third quarter 2007 earnings after the market closes on Tuesday, November 13, 2007 with full text of the news release and accompanying financials available on the company's website at www.interoil.com. A conference call will be held on Wednesday, November 14, 2007, at 7:30 a.m. Central (8:30 a.m. Eastern) to discuss the quarter's results, as well as the company's outlook for the remainder of 2007.

The conference call can be heard through a live audio web cast on the company's website at www.interoil.com or accessed by dialing (612) 332-0226. A replay of the broadcast will be available afterwards on the website.

COMPANY DESCRIPTION

InterOil Corporation is developing a vertically integrated energy business with its primary focus in Papua New Guinea and the immediately surrounding region. InterOil's assets consist of petroleum licences covering about nine million acres, an oil refinery, and retail and commercial distribution assets, all located in Papua New Guinea. During 2006, InterOil announced a gas and condensate discovery, completed an optimization program at the refinery, and doubled its downstream business. In addition, InterOil is participating in a joint venture established to construct Papua New Guinea's first LNG plant on a site adjacent to its refinery.

InterOil's common shares trade on the Toronto Stock Exchange under the symbol IOL in Canadian dollar and on the American Stock Exchange under the symbol IOC in US dollars. For more information please see the InterOil website at: www.interoil.com.

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