Exceed Energy Inc.
TSX VENTURE : EX.A

Exceed Energy Inc.

October 29, 2009 14:14 ET

Exceed Announces Preliminary Discussions

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2009) - Exceed Energy Inc. (TSX VENTURE:EX.A) ("Exceed" or the "Corporation") notes the recent movement in its share price. The Corporation announces that it has entered into preliminary discussions with a third party expressing an interest in a potential business combination with the Corporation. While such preliminary discussions are ongoing, no agreement has been reached and there can be no assurances that any transaction will occur.

Exceed Energy Inc. is a Calgary based emerging oil and gas company engaged in the exploration development, and exploration of oil and gas reserves in western Canada. Exceed's Class A common shares trade on the TSX Venture Exchange under the symbol "EX.A".

Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian securities laws, including statements concerning the potential business combination. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, results of ongoing discussions with respect to the potential business combination.. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

NEITHER THE 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 THE RELEASE.

Contact Information

  • Exceed Energy Inc.
    Richard Wolfli
    President and CEO
    (403) 508-1853
    (403) 508-1781 (FAX)
    www.exceedenergy.com