WestFire Applies to List its Shares on the Toronto Stock Exchange and Exceed Shares to Resume Trading

WestFire Energy Ltd. ("WestFire"), a private oil and gas company with operations
in Alberta and Saskatchewan, and Exceed Energy Inc. ("Exceed") (TSX
VENTURE:EX.A) jointly announce that, in connection with the previously announced
proposed acquisition by WestFire of Exceed and certain producing assets,
WestFire has applied to the Toronto Stock Exchange ("TSX") for the listing of
its common shares. The listing of the WestFire shares on the TSX is subject to
WestFire fulfilling all applicable listing requirements.


WestFire and Exceed also announce that the trading in Exceed's shares will
resume at market open on November 5, 2009. The trading halt was imposed by the
TSX Venture Exchange pending confirmation by such exchange that the proposed
acquisition of Exceed does not constitute a "reverse take-over" in accordance
with the rules of such exchange which would otherwise result in a temporary
trading halt. Having clarified with the TSX Venture Exchange that the
acquisition is not a "reverse take-over", the trading halt has been lifted.