Drilling update Sukkur Block, Pakistan correction



    
    TSX: "ISR"                                Shares Outstanding: 13,938,084
    

    TORONTO, June 27 /CNW/ - International Sovereign Energy Corp. (the
"Company") would like to make a clarification to the June 2, 2008 press
release entitled "Drilling Update Sukkur Block, Pakistan" at the request of
the Alberta Securities Commission. The Company would like to retract the
following issued statement due to the improper use of the term 'reserve' set
out in the Canadian Oil and Gas Evaluation Handbook (the "COGE Handbook")
    "The projected recoverable reserve estimates, as calculated by MGCL
through Monte Carlo Simulation, exceed 40 bcf for each prospect."
    At the current time the potential for hydrocarbons in the Sukkur Block
are classified as prospective resources(1). Additional details will be
released once available.

    (1)Prospective resources are those quantities of oil and gas estimated on
    a given date to be potentially recoverable from undiscovered
    accumulations. If discovered, they would be technically and economically
    viable to recover. However, there is no certainty that any portion of the
    resources will be discovered.

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

    The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Certain
information provided in this press release contains forward-looking statements
that by their nature are subject to numerous risks and uncertainties and
readers are cautioned that actual results may vary considerably from those
forecasted.

    Forward-looking statements: This news release contains certain
forward-looking statements, including management's assessment of future plans
and operations, and capital expenditures and the timing thereof, that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond the Company's control. The Company's actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of these events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the
amount of proceeds, that the Company will derive there from. Additional
information on the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities laws.




For further information:

For further information: Eugene Hretzay, President and Chief Executive
Officer, Tel: (416) 508-3472 Or visit our website at www.isove.com

Organization Profile

INTERNATIONAL SOVEREIGN ENERGY CORP.

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