Exile Resources Inc.
TSX VENTURE : ERI

Exile Resources Inc.

November 29, 2006 18:14 ET

Exile Resources Board & Management Changes

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - Exile Resources Inc. (TSX VENTURE:ERI) today announced several changes to their Board and Management following a meeting of the Board of Directors.

As previously announced, the Company has confirmed the appointment of Mr. Ian Gray as Chairman of the Company, subject to the completion of regulatory approvals.

Exile's Director of Exploration and Production, Mr. Tony Henshaw, has been appointed a Director of the Board and replaces Mr. Christopher Rivett-Carnac who has stepped down.

Mr. John Scott has resigned from the Board of Directors and will leave the Company at the end of November. Mr. Graham Warren has been appointed Chief Financial Officer with immediate effect. The Board of Exile Resources Inc. extends its best wishes to Mr. Scott and Mr. Rivett-Carnac in their future endeavours and wishes to thank them for their contributions.

About Exile Resources Inc.

Exile Resources Inc. is an oil and gas exploration company with interests in the Akepo Oilfield in the shallow water Niger Delta, Nigeria, and in the Brazeau River Project, located 160 km southwest of Edmonton, Alberta. The Company is also pursuing additional oil and gas, exploration and development opportunities in Africa. Exile Resources Inc. has 35,828,656 issued and outstanding common shares. Please visit Exile Resource's web site for further information: www.exileresources.com.

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

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