Richard Grafton Appointed to the Board of Excelsior Energy

Excelsior Energy Limited announced that Richard A. Grafton has been appointed to the Board of Directors effective March 17, 2008.

Mr. Grafton has over 30 years experience in the investment and energy business. Currently, Mr. Grafton is President & CEO of Grafton Capital Corporation, a private capital company concentrating on long term value creation. In 2007, Mr. Grafton was appointed Vice-Chairman of Canaccord Capital Corporation acting as the firms' ambassador to the global energy markets. Prior thereto, Mr. Grafton acted as Executive Vice President & Managing Director, Global Head of Energy of Canaccord Adams. He was responsible for all aspects of the firm's oil and gas operations.

Mr. Grafton was a former Managing Director and a Founding Shareholder of FirstEnergy Capital Corp. ("FirstEnergy"). During his tenure at FirstEnergy, the firm completed over $18 billion of oil and gas financings. Prior to FirstEnergy, Mr. Grafton was President and CEO of Avenir Capital Corporation. Prior to Avenir, Mr. Grafton worked at Peters & Co. Limited for ten years on the Institutional Sales Desk.

Mr. Grafton graduated from the University of British Columbia with a Bachelor of Commerce majoring in Finance in 1977.

David Winter, President & CEO commented: "Mr. Grafton's experience and expertise in the capital investment business both in North America and Europe will complement our Board's broad range of industry expertise. His appointment comes at a time when Excelsior Energy will be taking the next steps towards a producing SAGD project in the next three years".