International Petroleum: Alexander Osipov Appointed CEO, William McAvock Resigns as CFO

International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”) announces that the Board has appointed Mr Alexander Osipov as Chief Executive Officer of the Company, effective 9 June 2014.

Mr William McAvock has resigned as Chief Financial Officer and Executive Director of the Company, effective 12 June 2014.