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January 07, 2011 at 09:36 AM EST
Further Adjournment of Special Meeting of Shareholders

Further Adjournment of Special Meeting of Shareholders

Calgary, Alberta CANADA, January 07, 2011 /FSC/ - International Sovereign Energy Corp. (ISR - TSX), ("ISR" or the "Company") announced today that the special meeting of shareholders (the "Meeting") of ISR scheduled for December 23, 2010 and adjourned to January 7, 2011, is being further adjourned.  

The Meeting has been adjourned to 10:00 a.m. (Toronto time) on Friday, January 21, 2011, at Scotia Plaza, 44th Floor, 40 King Street West., Toronto, Ontario.  The record date for shareholders entitled to vote at the Meeting (as adjourned) remains the close of business on November 22, 2010 (the "Record Date"), as described in the Notice of the Meeting dated November 26, 2010.  

The agenda for the Meeting (as adjourned) remains unchanged.  Shareholders of ISR who are unable to attend the Meeting (as adjourned) in person and who have not voted as of yet are encouraged to submit their proxy card in accordance with the instructions contained therein, not later than forty-eight (48) hours (excluding Saturdays, Sundays and Holidays) prior to the Meeting (as adjourned) or any adjournment thereof.

International Sovereign Energy Corp. is an oil and gas exploration development and production company with offices in Calgary, Alberta and is active in the exploration and development of hydrocarbon reserves internationally and in Western Canada.

For further information, please contact:

Sharad MistryChief Executive Officer
Chief Financial Officer
T: (403) 263 - 2472
F: (403) 264 - 7035

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the furthering of the financing to be voted on at the Meeting and associated transactions.  Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the proposed financing and associated transactions, that the ultimate terms of the proposed financing and associated transactions will differ from those that currently are contemplated, and that the proposed financing and associated transactions will not be successfully completed for any reason (including the failure to obtain the required shareholder approvals and approvals or clearances from regulatory authorities). The statements in this news release are made as of the date of this release. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Common Shares: 16,096,084

Source: International Sovereign Energy Corp. (ISR - TSX)
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