Exile Resources Inc.
TSX VENTURE : ERI

Exile Resources Inc.

January 08, 2008 17:07 ET

Exile Resources Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2008) - Exile Resources Inc. (TSX VENTURE:ERI) today reported that it has granted an aggregate of 1,325,000 stock options to certain of its directors and management, each such option entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.16 until January 8, 2013. Subject to regulatory approval, all of these stock options shall vest immediately.

About Exile Resources Inc.

Exile Resources Inc. is an oil and gas exploration company advancing the development of the Akepo Oilfield in the shallow water Niger Delta, Nigeria. 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.

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

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