Exxel Energy Corp.
TSX VENTURE : EXX

Exxel Energy Corp.

January 16, 2007 17:22 ET

Exxel Energy Corp. Engages Brisco Capital Partners Corp.

HOUSTON, TEXAS--(CCNMatthews - Jan. 16, 2007) - Exxel Energy Corp. (the "Exxel" or the "Company"), (TSX VENTURE:EXX), is pleased to announce the Company has engaged Brisco Capital Partners Corp. ("Brisco"), a Calgary-based company, to provide investor relations services to the Company. Brisco has been engaged by the Company to develop and execute an investor relations program that will enhance and expand the Company's exposure within the Canadian investment community.

"We are very pleased and excited to be embarking on this new relationship with Brisco. We look forward to Brisco introducing the Company to a host of new shareholders and investors in Canada, and elsewhere," said Cliff Adams, President and CEO.

Brisco takes a full-service approach to investor relations and provides creative, effective, results-driven investor relations programs for Canadian public companies. Lead by Graeme Dick and chaired by Scott Koyich, Brisco will heighten awareness of the Company with the Canadian retail and institutional investment community.

Mr. Dick stated, "We at Brisco welcome the opportunity to work with Exxel to build a strong investor audience through what we see as a very capable management team with strategic land positions throughout the United States."

The Company has retained Brisco for term of one year, subject to regulatory approval, commencing on January 15, 2007. The agreement may be renewed by mutual agreement following the expiry of the initial one-year term. Exxel has agreed to pay Brisco a monthly retainer of $10,000, plus reasonable out-of-pocket expenses. In addition, Exxel's board of directors has approved the grant of 100,000 stock options to Brisco at an exercise price of $3.50 per common share, expiring on January 15, 2012.

Exxel Energy Corp. is a leading oil and gas explorer in North America, where our primary focus is exploring and developing unconventional resource plays in the United States. These plays include the Rifle Creek project situated in the Piceance Basin, significant oil and gas leasehold interests in the Great Basin of Eastern Nevada, and the Columbia River Basin in Washington.

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

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