International Petroleum Limited Joins OTCQX

NEW YORK, Dec. 21, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that International Petroleum Limited (OTCQX: ITPLY; NSX: IOP), an oil and gas exploration company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.

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International Petroleum began trading today on the OTC market's prestigious tier, OTCQX International.  Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

"We are pleased to welcome International Petroleum to OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors."

Merriman Capital, Inc. will serve as International Petroleum's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About International Petroleum Limited
International Petroleum Limited (OTCQX: ITPLY; NSX: IOP) trades in the United States on OTCQX under the symbol "ITPLY", where each ADR represents 20 ordinary shares. International Petroleum is an oil and gas exploration company with assets in Russia and Kazakhstan. It owns two oil exploration projects in Western Siberia (one in Khanty-Mansiysk, in which it has discovered two commercial oilfields, and one in Tomsk) and a 50% interest in a project covering 24,649 sq km in eastern Kazakhstan.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) - so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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SOURCE OTC Markets Group Inc.