Exact Energy Resources, Inc.

Exact Energy Resources, Inc.

January 16, 2008 09:00 ET

Exact Energy Resources, Inc.: Acquisition of Additional Rights to Technology

CALGARY, ALBERTA--(Marketwire - Jan. 16, 2008) - On behalf of Exact Energy Resources, Inc. (the "Company") (PINK SHEETS:EXER) President Rod Burns, P. Eng., today reports that following the recent name change and reorganization, the Company has increased its interest in the Low Profile Fluid Catalytic Cracking (LPFCC) Technology. The Company has entered into an agreement to acquire all of the rights to the Technology held by Wellborn Energy Corp.

"This represents a significant step forward for the Company" remarked Rod Burns, President. "The need for increased refining capacity is not just a national or even North American concern, but rather, is a worldwide reality."

"We are initially going to be concentrating our efforts in North America, and then focusing on additional geographic regions globally. No new refineries have been built in the United States in the last 30 years and refining capacity has been consistently declining, but recently, the situation has changed" said Burns. "The entire industry recognizes that there is a shortage of refining capacity, especially for production of high value-added products. Of note is the focus on adding capacity that can convert heavier, cheaper crude oil into higher-value added products. That is precisely where our technology adds significant cost savings and advantage".

Some advantages of the LPFCC Technology are upfront capital cost savings of up to 40% over conventional crackers; increased efficiency in cracking; enhanced ability to utilize heavy crude as a feed stock; enhanced safety as the design allows lower pressures and temperatures which makes the unit both safer and more cost effective; and, a higher ratio of catalysis to feed stock (crude to be refined).

"Within the existing refining infrastructure, significant capital improvements and upgrades need to be made to meet the rising demand" he continued. "The lower capital cost, lower operating costs, superior performance and enhanced ability to utilize lower grade feed stocks are all compelling reasons for any refinery to consider the LPFCC technology, whether for existing plant upgrades or for new plant construction".

Interested parties are invited to learn more about the Company and the Technology by visiting the web site.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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