Excelsior Energy Limited

Excelsior Energy Limited

April 30, 2009 13:44 ET

Excelsior Energy to Present at Raymond James Oil Sands of Canada Conference

CALGARY, ALBERTA--(Marketwire - April 30, 2009) - Excelsior Energy Limited (TSX VENTURE:ELE) ("Excelsior" or the "Company") is pleased to announce that Dr. David Winter, will present an overview of the Company's heavy oil project at Hangingstone in the Athabasca Oil Sands Region and its proprietary in situ combustion technology ("COGD") at the Raymond James Ltd. Oil Sands Conference in New York on Monday, May 4, 2009 at 2.00pm eastern time.

The presentation will be audio webcast at the following link and will be available at the start of the presentation at:


The presentation will also be available on Excelsior Energy's website at www.excelsior-energy.com.

About Excelsior Energy

Excelsior is an early stage, oil sands company with 58 operated sections in the Hangingstone and West Surmont areas of the Athabasca Oil Sands Region near Fort McMurray, Alberta. The Company has developed a proprietary in situ combustion technology (Combustion Overhead Gravity Drainage "COGD") which has game-changing potential in the development and recovery of heavy oil and bitumen. An application for an experimental pilot project to field demonstrate the COGD technology will be submitted in Q2 2009 with a targeted start up in Q1 2011. In addition the Company indirectly holds a 100% working interest in UK North Sea Licences P.1500 and P.1691 covering four part-blocks through its 75% owned subsidiary ENS Energy Ltd. Excelsior's strategy is to capture oil and gas appraisal and development opportunities where we can leverage Management's diverse international operating, heavy oil and field development expertise with developing technologies to produce oil and gas.

Forward Looking Statements

This press release contains forward-looking statements. Management's assessment of future plans and operations, expected production levels, operating costs, capital expenditures, the nature of capital expenditures, methods of financing capital expenditures, future engineering reports and the timing of increases in production may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, the Company's actual results may differ materially from those expressed in, or implied by, the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could effect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward looking statements contained in this press release are made as at the date of this press release and the Company does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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