ELE Elemental Altus Royalties Corp

Excelsior Energy Limited (TSX VENTURE:ELE) ("Excelsior" or the "Company") is
pleased to announce that Richard A. Grafton has been appointed to the Board of
Directors effective March 17, 2008.


Mr. Grafton has over 30 years experience in the investment and energy business.
Currently, Mr. Grafton is President & CEO of Grafton Capital Corporation, a
private capital company concentrating on long term value creation. In 2007, Mr.
Grafton was appointed Vice-Chairman of Canaccord Capital Corporation acting as
the firms' ambassador to the global energy markets. Prior thereto, Mr. Grafton
acted as Executive Vice President & Managing Director, Global Head of Energy of
Canaccord Adams. He was responsible for all aspects of the firm's oil and gas
operations.


Mr. Grafton was a former Managing Director and a Founding Shareholder of
FirstEnergy Capital Corp. ("FirstEnergy"). During his tenure at FirstEnergy, the
firm completed over $18 billion of oil and gas financings. Prior to FirstEnergy,
Mr. Grafton was President and CEO of Avenir Capital Corporation. Prior to
Avenir, Mr. Grafton worked at Peters & Co. Limited for ten years on the
Institutional Sales Desk.


Mr. Grafton graduated from the University of British Columbia with a Bachelor of
Commerce majoring in Finance in 1977.


David Winter, President & CEO commented: "Mr. Grafton's experience and expertise
in the capital investment business both in North America and Europe will
complement our Board's broad range of industry expertise. His appointment comes
at a time when Excelsior Energy will be taking the next steps towards a
producing SAGD project in the next three years".


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

Elemental Altus Royalties (TSXV:ELE)
Historical Stock Chart
From Jun 2023 to Jun 2024