Exile Resources Inc.

Exile Resources Inc.

March 29, 2006 17:32 ET

Exile Resources Inc.-For Immediate Release: Wednesday, March 29, 2006

TORONTO, ONTARIO--(CCNMatthews - March 29, 2006) -

Not for dissemination into the United States or through U.S. Newswire Services

Exile Resources Inc. (TSX VENTURE:ERI) today announced that it has determined not to proceed with its proposed public offering announced by press release dated March 1, 2006. Accordingly, it has withdrawn its preliminary short form prospectus submitted in connection with the proposed offering. Exile is continuing to explore other financing alternatives and will provide further updates as they become available.

About Exile Resources Inc.

Exile Resources Inc. is an oil and gas exploration company with interests in the Brazeau River Project, located 160 km south west of Edmonton, Alberta. The Company is also pursuing oil and gas, exploration and development opportunities in Africa. Exile has 18,760,979 issued and outstanding common shares. Please visit Exile'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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