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Excelsior Energy Announces Clarification to Previous News Release

  • Press Release
  • Source: Excelsior Energy Limited
  • On 7:00 am EDT, Friday July 10, 2009

CALGARY, ALBERTA--(Marketwire - July 10, 2009) - Excelsior Energy Limited (TSX VENTURE:ELE - News; "Excelsior" or the "Corporation") is issuing the following news release to clarify certain disclosure regarding the resource estimates provided in our news release dated July 2, 2009.

The resources disclosed in such news release were internal management estimates based on management's technical work and extensive reservoir modeling and as such are not fully compliant with NI 51-101.

Investment Industry Regulatory Organization of Canada has requested that this disclosure be retracted as it is not NI 51-101 compliant. NI 51-101 compliant resource estimates, completed by McDaniel & Associates Consultants Ltd., were disclosed in the Corporation's press release dated June 25, 2009 and readers are referred to that disclosure.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. David A. Winter
Excelsior Energy Limited
President & CEO
(403) 537-1015 ext 101
Email: d.winter@excelsior-energy.com

Robert Bailey
Excelsior Energy Limited
Vice President, Engineering & COO
(403) 537-1015 ext 102
Email: R.Bailey@excelsior-energy.com

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