Exact Energy Resources, Inc.

Exact Energy Resources, Inc.

January 22, 2008 09:53 ET

Exact Energy Resources, Inc.: Company Commits to Exploration Program

CALGARY, ALBERTA--(Marketwire - Jan. 22, 2008) - On behalf of Exact Energy Resources, Inc. (the "Company") (PINK SHEETS:EXER) President Rod Burns, P. Eng., reports that the Company has committed to a natural resource exploration program to establish the economic parameters of the mining leases that it has negotiated to acquire. More particularly, the company will be putting in place a development team to both acquire additional leases and establish conventional economic valuation.

Dr. Hansen, as president and owner of Keystone Surveys, Inc. which provides engineering, surveying and technical design services to the mining industry, will direct the company's efforts with respect to this exploration and acquisition phase of development. Keystone owns and manages approximately 4,000 acres of privately owned mining and oil/gas properties situated in Juab, Utah.

"We are looking forward to the direction that Dr. Hansen can provide our company", said Rod Burns, president. "As the CEO of Centurion Mines Corporation, Dr. Hansen was responsible for management of all the affairs of the company, including SEC compliance, accounting, and top-level technical supervision of company activities. It is this level of experience and expertise that the Company is looking forward to in our current stage of acquisition and development" he continued.

With the expanded focus of technological development as well as natural resource exploration and commercialization, the company has initiated efforts to augment its management team. "We are seeking to add significant depth to our organization, including skills related to natural resource development and financing", remarked Burns. "We are very excited about this stage of our corporate growth and development. We believe that the diversification efforts that we have initiated will serve the company well, particularly given the recent turmoil in the commodities markets".

About Exact Energy Resources, Inc.

The Company is currently acquiring and venturing within the Natural Resource sector. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a higher probability of success. Each of the projects currently under consideration will be described in greater detail in the near future.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Exact Energy Resources, Inc.
    Investor Relations
    Toll Free: 1-877-782-7583
    Website: www.exactenergy.us