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Exile Resources Inc. TSX VENTURE: ERI
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Exile Resources Inc. Welcomes New Director to the Board
TORONTO, ONTARIO--(Marketwire - Jan. 14, 2009) - Exile Resources Inc. (TSX VENTURE:ERI) ("Exile" or the "Company") today announced that Mr. John Orange has been appointed to the Company's board of directors as of January 1st 2009.
Mr. Orange is a former chief executive, principally with the BP Group, having spent 29 years with BP working around the world. Educated in Dublin, he obtained his BA (Law) degree from Trinity College in 1965 and is a barrister who has specialized in energy resources throughout his career. Mr. Orange is a past President of the UK Petroleum Industry Association (1993-1995) and a Fellow of the Energy Institute. His board experience includes a number of directorships. Mr. Orange currently is a Senior Non Executive Director on the board of Premier Oil PLC, where he serves as Chairman of the Remuneration Committee, member of the Audit Committee and member of the Nomination Committee.
Tony Henshaw, President and CEO of Exile, commented "We are very pleased to welcome John to the board. His depth of experience adds tremendous value."
Exile has granted Mr. Orange 250,000 options of the Company at an exercise price of $0.13 per share expiring on January 12, 2014. Subject to regulatory approval, these stock options shall vest immediately.
About Exile Resources Inc.
Exile Resources Inc. is an oil and gas exploration company advancing the development of the Akepo Oilfield in the shallow water Niger Delta, Nigeria. The Company is also pursuing additional oil and gas, exploration and development opportunities in Africa. Exile Resources Inc. has 63,754,191 issued and outstanding common shares. Please visit Exile Resource's web site for further information: www.exileresources.com.
To receive press releases from Exile, please email shirley@chfir.com and mention "Exile Resources" in the subject line.
Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Exile Resources Inc. including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Exile Resources Inc.Graham C. Warren
CFO
(416) 350-5134
Email: Graham.Warren@exileresources.com
or
Exile Resources Inc.
Tony Henshaw
President & CEO
(44) 20-7793-2592
Email: Tony.Henshaw@exileresources.com
Website: www.exileresources.com
or
CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079, ext. 231
Email: cathy@chfir.com
