Article: InterOil Corporation Adopts Shareholder Rights Plan

TORONTO, ONTARIO--(CCNMatthews - June 1, 2007) - InterOil Corporation (TSX:IOL)(AMEX:IOC)(POMSoX:IOC) today announced that it has entered into a Shareholder Rights Plan Agreement with Computershare Investor Services Inc. as Rights Agent establishing a Shareholder Rights Plan ("the Rights Plan"). The Toronto Stock Exchange has accepted notice of the Plan, subject to among other things, InterOil obtaining shareholder ratification of the Rights Plan within six months from the date of the Shareholder Rights Plan Agreement.

The Rights Plan will be presented to shareholders at the annual and special meeting scheduled for June 25, 2007. The Shareholder Rights Plan is not being recommended in ...

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