NEW YORK, Dec. 23 /PRNewswire-FirstCall/ -- Mr. Bernard Bernstein, President and C.E.O. of Integrated Bio-Energy Resources, Inc., (Pink Sheets: IBIE) announces the following: The company's Board of Directors, in seeking to develop IBIE as a holder of significant stakes in the commodity and energy sectors, has begun the process of transforming and strengthening its management structure and seeking asset identified acquisition opportunities. Accordingly, the Board of Directors has accepted the resignation of Mr. Scott Wagman and Mr. Stewart Sytner on August 1, 2008 and Mr. David Michael Holbrook on August 17th 2008. The Board of Directors has invited Mr. Michael Reynolds, current Chairman of Renewable Power and Light PLC, who has held a number of posts in important UK public energy supply companies, to become Chairman of IBIE subject to compliance requirements and the completion of an initial acquisition opportunity as announced below. Abraham Cefeida Pty Ltd. Australia and IBIE have entered into a memorandum of understanding subject to due diligence and a definitive agreement where IBIE will acquire initially a 49% interest in its Panguna region (Papua New Guinea) copper mining asset rights, and exclusive product distribution rights for the US, Canada and CARICOM region. The Panguna region copper deposits rank as one of the larger copper bearing areas in the world. This release is not intended to value the securities of IBIE, or imply any certainty that definitive agreements will be reached either as to assets and management Objectives. Safe Harbor Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. DATASOURCE: Integrated Bio-Energy Resources, Inc. CONTACT: Bernard Bernstein, +1-561-715-5827

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