VANCOUVER, Nov. 9 /CNW Telbec/ - Exxel Energy Corp. (the "Company")
(TSX-V: EXX) is pleased to announce that Exxel Energy (USA) Ltd. ("Exxel"), a
wholly owned subsidiary of the Company, has acquired leasehold interests with
oil and gas mineral rights to over 52,000 acres of state-owned lands in the
Columbia River Basin of central Washington State. The leasehold interests are
undeveloped and Exxel's working interest is 100 percent. The Columbia River
Basin has local potential for conventional gas accumulations and possibly deep
basin-centered gas accumulations ("BCGAs"). The leases have been acquired
primarily for their BCGA potential.
If applicable, the acquisition is subject to regulatory approvals.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
