Exceed Schedules Completion of Nisku Gas Well

Exceed Energy's 4-17-47-10W5M well that was spudded on February 14, 2008, was cased as a standing Nisku gas well on March 10, 2008. Exceed has commenced pipelining operations which it expects will be completed before break-up. Completion of the well is scheduled to commence in the coming weeks.

The Company has completed its five well shallow gas drilling program in northern Alberta for this winter. Since the Company's last update on February 27, 2008, the final two wells in the program have been drilled and cased as potential gas wells in the Mannville and Wabamun zones. Exceed expects to begin completion operations on both wells on March 24, 2008. Tie-in and pipelining of the successful wells in the program will commence in the coming weeks.