Imperial Petroleum, Inc. (OTCBB:IPMN) is pleased to announce that it has begun listing on the OTC Bulletin Board as of yesterday, June 27, 2011.

"We are very satisfied with this first step towards greater transparency in the marketplace," Jeffrey T. Wilson, President of Imperial, said. "It is important to us to maintain open visibility while we are moving forward on our OTCQX application, as previously announced."

As previously announced on June 15, 2011, Rodman and Renshaw will serve as Imperial's Designated Advisor for Disclosure ("DAD") on OTCQX.

About Imperial Petroleum

Imperial is an energy company headquartered in Evansville, Indiana that is focused on three principal areas of energy development: (1.) renewable energy production at its biodiesel facility located in Middletown, Indiana; (2.) non-traditional oil production through the development of its Arrakis oil sand technology and (3.) traditional oil and natural gas production through its operations in Coquille Bay, Louisiana.

About OTC Bulletin Board®

The OTC Bulletin Board® (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).

About OTC Markets Group

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. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. OTC Markets Group categorizes the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink? (the speculative trading 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.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Imperial Petroleum, Inc.
Jeffrey T. Wilson, CEO, 812-867-1433
Fax: 812-867-1678
email: jtwilsonx1@aol.com
OR
Rodman & Renshaw, 212-356-0500
Fax: 212-581-5690
Email: info@rodm.com
OR
OTC Markets Group, Inc.
Joseph Oltmanns, 212-896-4447
joe@otcmarkets.com