INTERNATIONAL ENEXCO LIMITED
2080 - 777 Hornby Street
Vancouver, B.C. V6Z 1S4

Ticker Symbol: IEC (TSX-V)

INTERNATIONAL ENEXCO ANNOUNCES 6-8 HOLE - 5,000 METRE DRILL PROGRAM AT MANN LAKE WITH CAMECO CORP AS OPERATOR

VANCOUVER, B.C. - January 7, 2009, Arnold Armstrong, President and CEO of International Enexco Ltd. (TSXV - IEC) (the "Company") announced today that the 2009 exploration budget for the Company's Mann Lake uranium joint venture project (International Enexco Ltd. 30%, Cameco Corp. 35%, UEM Inc. 35%) has been set by International Enexco and Cameco Corp (NYSE - CCJ, TSX - CCO) at $1.4 million. Cameco is the operator of the Mann Lake Uranium Project, located directly between their McArthur River and Key Lake mines in the Athabasca Basin, Saskatchewan.

The proposed 2009 exploration program will include 6 - 8 holes of diamond drilling totaling approximately 5,000m in addition to approximately 44km of line refurbishment and gravity surveys.

Mr. Arnold Armstrong President and CEO of International Enexco stated today that:

"International Enexco is enthusiastic about the forthcoming Athabasca Basin drill program that Cameco Corp has outlined. Mann Lake is a very promising high-grade uranium property in proximity to some of the world's largest uranium mines"

Some of the proposed 2009 drill holes will focus on expansion of the mineralization discovered during the 2006 - 2007 drill programs in the central part of the C conductor trend. High-grade mineralization was intersected in hole MN-013 in the previous 2006 drill campaign. This hole intersected 7.12% U3O8 over 0.25m and 5.53% U308 over 0.4m in basement, 12m beneath the Athabasca unconformity surface. The 2009 drilling program is also proposed to test interpreted structures from historical gravity data in the western part of the property, as well as geochemical anomalies and unconformity offset in the northern part of the conductor trend. Additional off-cut holes with wedging will be drilled if results are positive from pilot holes.

International Enexco will issue a further press release upon commencement of drilling.


ABOUT INTERNATIONAL ENEXCO
International Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its strategic alliance (International Enexco 30%, Cameco Corporation 35%, and UEM Inc. 35%) to develop the high-grade Mann Lake Uranium Project located in the Athabasca Basin, Saskatchewan the Company also operates its 100% owned Contact Copper Resource Property, located in N/E Nevada.

For further information on all of Enexco's projects, visit our website at: www.enexco.ca

Paul McKenzie, Director, International Enexco Limited
Tel: (604) 669-8368 Fax: (604) 642-2629

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."