Exile Resources Inc.

Exile Resources Inc.

January 26, 2007 11:18 ET

Exile Resources Extends Contract with CHF Investor Relations

TORONTO, ONTARIO--(CCNMatthews - Jan. 26, 2007) - Exile Resources Inc. (TSX VENTURE:ERI) today announced that it will continue its contract with CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary, Canada's longest established and one of its most respected IR firms.

Stephen Brown, President & CEO, commented "We are pleased to continue working with CHF Investor Relations to build an audience for Exile. Now that we have secured our first property, the Akepo Oilfield, and are making substantial progress on other opportunities, we look forward to an active IR program in 2007."

Originally engaged in November 2005, CHF will continue to provide investor relations and market-making services on an on-going basis. Either party can terminate this agreement by giving three months' notice in writing.

CHF will receive a monthly fee of $5,000 for investor relations services, plus approved disbursements.

CHF's investor relations and market-making services are delivered in accordance with TSX Venture Exchange Policy 3.4.

About CHF Investor Relations

CHF Investor Relations, a proactive, results-driven firm, offers premium IR service to an international portfolio of client companies operating in a broad range of industries including mineral producers, mining exploration and development, high-tech, biotechnology, oil and gas and special situations. CHF provides comprehensive IR representation to the Canadian audience through their offices in Toronto and Calgary. For more information, please visit their website at www.chfir.com.

About Exile Resources Inc.

Exile Resources Inc. is an oil and gas exploration company with interests in the Akepo Oilfield in the shallow water Niger Delta, Nigeria, and in the Brazeau River Project, located 160 km southwest of Edmonton, Alberta. The Company is also pursuing additional oil and gas, exploration and development opportunities in Africa. Exile Resources Inc. has 35,828,656 issued and outstanding common shares. Please visit Exile Resource's web site for further information: www.exileresources.com.

To receive press releases from Exile, please email ana@chfir.com and mention "Exile Resources" in the subject line.

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

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