Excelsior Energy Limited

Excelsior Energy Limited

April 28, 2008 20:42 ET

Excelsior Announces December 31, 2007 Results

CALGARY, ALBERTA--(Marketwire - April 28, 2008) - Excelsior Energy Limited (TSX VENTURE:ELE)("Excelsior" or the "Company") announces that it has filed its financial statements and management's discussion and analysis for the year ended December 31, 2007. The Company has also filed its reports regarding its reserve data and other oil and natural gas information as mandated by National Instrument 51-101. The above referenced documents are available for viewing on SEDAR at www.sedar.com.

About Excelsior Energy

Excelsior is active in oil sands exploration and appraisal in the Hangingstone and West Surmont areas near Fort McMurray, Alberta and will hold a 75% working interest in 58 contiguous sections on completion of its farm-in obligations. The Company also indirectly holds a 100% working interest in Blocks 16/1a and 16/6c in the UK North Sea and a minor interest in gas production in Alberta. Excelsior's strategy is to capture oil and gas appraisal and development opportunities where we can leverage Management's diverse international experience and field development expertise. This includes heavy oil reservoir engineering and development of complex fields.

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

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