Excelsior Energy Limited (TSX VENTURE:ELE) ("Excelsior" or the "Company") today
announced that the auditor of the Company, Hudson LLP, has resigned on its own
initiative, effective as of today. There were no disagreements or unresolved
issues between Hudson LLP and Excelsior. Subject to all applicable regulatory
and shareholder approvals, the Board of Directors of the Company has approved
the appointment of KPMG LLP as auditor of the Company.


About Excelsior Energy

Excelsior is active in oil sands exploration and appraisal in the Hangingstone
and West Surmont areas near Fort McMurray, Alberta and will hold a 75% working
interest in 58 contiguous sections on completion of its farm-in obligations. The
Company also holds a 100% working interest in Blocks 16/1a and 16/6c in the UK
North Sea and a minor interest in gas production in Alberta. Excelsior's
strategy is to capture oil and gas appraisal and development opportunities where
we can leverage Management's diverse international experience and field
development expertise. This includes heavy oil reservoir engineering and
development of complex fields. The scale of the oil sands resource opportunity
in Alberta complements Excelsior's international portfolio and strategy.


Forward-Looking Statements: This news release contains statements about future
events that are forward looking in nature and, as a result, are subject to
certain risks and uncertainties such as changes in plans or the occurrence of
unexpected events. Actual results may differ from the estimates provided by
management. Readers are cautioned not to place undue reliance on these
statements.
Elemental Altus Royalties (TSXV:ELE)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Elemental Altus Royalties Charts.
Elemental Altus Royalties (TSXV:ELE)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Elemental Altus Royalties Charts.