ELE Elemental Altus Royalties Corp

Excelsior Energy Limited (TSX VENTURE:ELE) ("Excelsior" or the "Company") is
pleased to announce that pursuant to the terms and conditions of its stock
option plan, it has granted, in the aggregate, 3,280,000 incentive stock options
to purchase common shares of Excelsior (the "Options") to directors, officers
and employees. The Options are exercisable over a five year period at $0.14 per
common share, which Options shall vest as to 1/3 per year starting from the date
of grant.


About Excelsior Energy

Excelsior is an early stage, oil sands company with 58 operated sections on two
contiguous blocks in the Hangingstone and West Surmont areas of the Athabasca
Oil Sands Region near Fort McMurray, Alberta. The Company has developed a
proprietary in situ combustion technology ("Combustion Overhead Gravity
Drainage" or "COGD") which has game-changing potential in the development and
recovery of heavy oil and bitumen. An application for an experimental pilot
project to field demonstrate the COGD technology was submitted in at the end of
the second quarter of 2009 with a targeted start up in early  2011. In addition
the Company indirectly holds a 100% working interest in UK North Sea Licences
P1500 and P1691 covering four part-blocks through its 75% owned subsidiary ENS
Energy Ltd. Excelsior's strategy is to capture oil and gas appraisal and
development opportunities where we can leverage Management's diverse
international operating, heavy oil and field development expertise with
developing technologies to produce oil and gas.

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