Excelsior Energy Limited

Excelsior Energy Limited

October 31, 2006 11:13 ET

Excelsior Files Preliminary Short Form Prospectus

CALGARY, ALBERTA--(CCNMatthews - Oct. 31, 2006) - Excelsior Energy Limited (CNQ:EXEL) ("Excelsior") is pleased to announce it has filed a Preliminary Short Form Prospectus offering Common Shares. Wellington West Capital Markets Inc. has been engaged as the Agent, on a best efforts agency basis, to offer a minimum of $25,000,000 and a maximum of $43,500,000 along with an over-allotment option of an additional $6,500,000.

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