Exceed Energy Inc.

Exceed Energy Inc.

October 18, 2005 14:00 ET

Exceed Energy Announces the Resignation of Mr. Rick Orman from the Board of Directors

CALGARY, ALBERTA--(CCNMatthews - Oct. 18, 2005) - Exceed Energy Inc. (TSX VENTURE:EX.A) (TSX VENTURE:EX.B) announces the resignation of Mr. Rick Orman from the board of directors of the company effective Thursday October 20, 2005. Mr. Orman has resigned to focus on other business ventures.

Exceed Energy Inc. announces the appointed of Mr. Miroslav Jerstrabik to the board of directors subject to the approval of the TSXV. Mr. Jestrabik is the Chairman of the Board of Moravske Naftove Doly a.s. (www.mnd.cz/mnduk.htm), the largest oil and gas producer in the Czech Republic. Previously he has held numerous directorships and executive positions at various Czech based and international companies.

Forward Looking Statements

This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projects relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from the potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Exceed's operations or financial results are included in Exceed's reports on file with Canadian securities regulatory authorities that may be accessed at www.sedar.com or through the Company's website, www.exceedenergy.com.

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

Contact Information

  • Exceed Energy Inc.
    Mr. Richard Wolfli
    President and CEO
    (403) 508-1852
    (403) 508-1781 (FAX)
    Website: www.exceedenergy.com