Exxel Energy Corp. Announces Shareholder Approval of Consolidation and Entering of Termination Agreement

Exxel Energy Corp. (TSX VENTURE:EXX) ("Exxel" or the "Company") announces
receiving shareholder approval for the Company's plan to consolidate the shares
of Exxel on a one (1) new share for twenty (20) old shares basis (the "Share
Consolidation") at the Company's special general meeting held on April 4, 2008.
Exxel's board of directors intends to implement the Share Consolidation as soon
as reasonably practical. The Share Consolidation remains subject to the receipt
of all regulatory approvals.


Cliff Adams, CEO, commenting on the shareholder approval of the consolidation
stated, "We are pleased with the number of shares that were voted at the special
general meeting and the support for the consolidation that was given by these
shareholders. The board can now proceed with the consolidation to continue in
our efforts to restructure Exxel for the future."


About Exxel Energy Corp.

Exxel, headquartered in Houston, is an independent oil and gas exploration and
development company focused in the Greater Green River Basin of Wyoming, the
Columbia River Basin of Washington, the Piceance Basin of Colorado, the Great
Basin of Nevada, and the Williston Basin of North Dakota. The Company currently
has interests in over 30,000 net acres in the Greater Green River Basin,
approximately 415,000 net acres in the Columbia River Basin, approximately 4,000
net acres in the Piceance Basin, approximately 200,000 net acres in Nevada, and
approximately 8,700 net acres in the Williston Basin.


In the interests of providing Company shareholders and potential investors with
information regarding the Company, including the Company's assessment of its and
its subsidiaries' future plans and operations, certain statements included in
this press release may constitute forward-looking information or forward-looking
statements (collectively, "forward-looking statements"). All statements
contained herein that are not clearly historical in nature are forward-looking,
and the words "anticipate", "believe", "expect", "estimate" and similar
expressions are generally intended to identify forward-looking statements.
Similarly, forward-looking statements in this press release include, but are not
limited to anticipated developments of the Company's drilling project in and the
timing thereof, the Company's drilling project in and the timing thereof,
capital investment levels and the allocation thereof, pipeline capacity,
government royalty rates, reserve and resources estimates, the level of
expenditures for compliance with environmental regulations, site restoration
costs including abandonment and reclamation costs, exploration plans,
acquisition and disposition plans including farmout plans, net cash flows,
geographic expansion and plans for seismic surveys.


In addition, please note that statements relating to "reserves" or "resources"
are deemed to be forward-looking statements, as they involve the implied
assessment, based on certain estimates and assumptions, that the reserves and
resources described can be profitably produced in the future. Such statements
represent the Company's internal projections, estimates or beliefs concerning,
among other things, an outlook on the estimated amounts and timing of capital
expenditures, anticipated future debt levels and incentive fees or revenues or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. These statements are only
predictions. Actual events or results may differ materially. Although the
Company believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot guarantee future results, levels of
activity, performance or achievement since such expectations are inherently
subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause the Company's actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company and the
foregoing list of important factors is not exhaustive. These forward-looking
statements are made as of the date hereof disclaims any intent or obligation to
update publicly any forward-looking statements, whether as a result of new
information, future events or results or otherwise. Company shareholders and
potential investors should carefully consider the information contained in the
Company's filings with Canadian securities administrators at www.sedar.com
before making investment decisions with regard to the Company.