(TSXV Symbol: EXX) VANCOUVER, Dec. 23 /CNW Telbec/ - 5 : 1 Stock Split ----------------- Exxel Energy Corp. announces that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it will subdivide its issued and fully paid common shares on a 5 for 1 basis. The subdivision will be conducted as a push-out stock split resulting in the issuance of a total of 55,400,804 shares to the holders of record of its existing 13,850,201 shares, resulting in a total issued capital of 69,251,005 common shares following the subdivision. The record date for determining shareholders of record for the purposes of effecting the subdivision will be settled in consultation with the Exchange. The purpose of the subdivision is to increase the Company's float and trading liquidity. No name change will be effected in conjunction with the subdivision. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.