Exxel Energy Corp.

Exxel Energy Corp.

January 18, 2007 10:07 ET

Correction From Source: Exxel Energy Corp. Engages Brisco Capital Partners Corp.

HOUSTON, TEXAS--(CCNMatthews - Jan. 18, 2007) - A correction from source is issued with respect to the news release send out, January 16, 2007 at 5:22pm ET. The expiration period of the option grant was incorrect. Details are as follows:

Exxel Energy Corp. (the "Exxel" or the "Company"), (TSX VENTURE:EXX), announces the Brisco Capital Partners Corp. ("Brisco") options will have an expiration period of January 15, 2010 and not January 15, 2012 as previously reported in the Company's news releases dated January 16, 2007.

Exxel Energy Corp. is a leading oil and gas explorer in North America, where our primary focus is exploring and developing unconventional resource plays in the United States. These plays include the Rifle Creek project situated in the Piceance Basin, significant oil and gas leasehold interests in the Great Basin of Eastern Nevada, and the Columbia River Basin in Washington.

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

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