EXALL ALLEVIATES GAS PRODUCTION CONSTRAINTS, PRODUCTION TOPS 1,500 BOEPD,
BANK LINE REVISED

CALGARY, Nov. 24 /CNW Telbec/ - Exall Energy Corporation (TSX: EE) ("Exall" or the "Company") is pleased to provide an update concerning the alleviation of the Marten Mountain gas production constraints.

Highlights are:

• A signed Gas Handling Agreement and Operating Agreement with Canadian Natural Resources Ltd. ("CNRL"),
• Completion of the Exall Marten Mountain Battery compressor upgrade,
• Completion of the pipeline tie in from the Exall Marten Mountain Battery to the CNRL's Mitsue Gas Pipeline,
• Marten Mountain, Mitsue production average of 20 e3m3 of natural gas and 308 m3 of oil per day (1,409 BOED net to the Company) from November 23^rd, 2010, for an estimated corporate net average of approximately 1,575 BOEPD, and
• Bank revolving demand credit facility increased from $15.0 MM to $17.0 MM.

Marten Mountain Operations

As previously announced, the Company signed a Gas Handling Agreement and an Operating Agreement with Canadian Natural Resources Ltd. effective October 01, 2010. With these agreements in place, Exall and CNRL proceeded to build a pipeline from Exall's Marten Mountain Battery to the CNRL Mitsue Gas Line.

Additionally, Exall upgraded its Marten Mountain Battery during October and the first part of November. This expansion was necessary in order to facilitate flowing Exall's liquid rich natural gas into the CNRL Mitsue Gas Pipeline.

The tie in work and battery upgrade was completed November 23^rd. Subsequently, Exall then increased production to 20 e3m3 of natural gas and 308 m3 of oil per day from its Marten Mountain operations (1,409 BOED net to the Company). Exall estimates that current net corporate production is averaging approximately 1,575 BOED.

The Company's revolving demand credit facility has been increased $2,000,000 to $17,000,000.  The new facility bears interest at the lender's base prime rate plus 1.50 percent.  The limit of the credit facility is subject to adjustments from time to time to reflect changes in the Company's asset base.  There are no principal repayments required on the loan.  The facility requires the Company to maintain certain financial ratios and other covenants and is collateralized by a general security agreement providing a security interest over all present and after acquired personal property and a floating charge on all lands.

About Exall
Exall Energy Corporation is a junior oil and gas company active in its business of oil and gas exploration, development and production from its properties in Alberta, British Columbia and Texas. Exall is currently developing a new oil discovery at Marten Mountain in north-central Alberta.

The Company currently has 53,090,245 common shares outstanding.  The Company's common shares are listed on the Toronto Stock Exchange under the trading symbol EE.

Reader Advisory
This news release contains forward-looking statements, which are subject to certain risks, uncertainties and assumptions, including those relating to results of operations and financial condition, capital spending, financing sources, commodity prices and costs of production. By their nature, forward-looking statements are subject to numerous risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, actual results may differ materially from those predicted. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such factors include fluctuating commodity prices, capital spending and costs of production, and other factors described in the Company's most recent Annual Information Form under the heading "Risk Factors" which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com. Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

For the purposes of calculating unit costs, natural gas has been converted to a barrel of oil equivalent (boe) using 6,000 cubic feet equal to one barrel (6:1), unless otherwise stated. The boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method and does not represent a value equivalency; therefore boe may be misleading if used in isolation. This conversion conforms to the Canadian Securities Regulators' National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.

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