ELE Elemental Altus Royalties Corp

Excelsior Energy Limited (TSX VENTURE:ELE) ("Excelsior" or the "Company") is
pleased to announce that through it's 75% owned subsidiary, ENS Energy ("ENS"),
it has been awarded two blocks in the UK 25th Offshore Licensing Round. The
awards were announced on November 12, 2008 by the UK Department of Energy and
Climate Change.


The blocks awarded are 16/1b and 16/2c which are contiguous to ENS's existing
blocks. ENS will hold a 100% working interest in the two blocks. The award is
for a Promote Licence with an initial term of two years and requires the
reprocessing of existing 3D seismic data.


ENS has completed the reprocessing of over 300 square kilometres of 3D seismic
data in its existing, Blocks 16/1a and 16/6c. The reprocessing has confirmed the
blocks prospectivity in Tertiary aged reservoirs similar to those in the
adjacent, producing West Brae oil field located approximately 5 kilometers south
of ENS's Block 16/6c.


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 indirectly holds a 75% working interest in Blocks 16/1a and 16/6c
in the UK North Sea through its subsidiary ENS Energy 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.


Forward Looking Statements

This press release contains forward-looking statements. Management's assessment
of future plans and operations, expected production levels, operating costs,
capital expenditures, the nature of capital expenditures, methods of financing
capital expenditures, future engineering reports and the timing of increases in
production may constitute forward-looking statements under applicable securities
laws and necessarily involve risks including, without limitation, risks
associated with oil and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers, inability to retain drilling rigs and other
services, incorrect assessment of the value of acquisitions, failure to realize
the anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources. As a consequence, the Company's actual
results may differ materially from those expressed in, or implied by, the
forward-looking statements. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other factors
that could effect the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). Furthermore, the forward
looking statements contained in this press release are made as at the date of
this press release and the Company does not undertake any obligation to update
publicly or to revise any of the included forward looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.

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