Exile Resources Announces Board Additions

TORONTO, Dec. 7 /CNW/ - Exile Resources Inc. (TSX-V: ERI) ("Exile" or the "Company"), is pleased to announce the additions of Mr. Ahmed Said and Mr. Stan Bharti to its board of directors.

As was contemplated in the announcement on October 25, 2010, Mr. Roderick de Courcy-Ireland and Mr. John Orange have resigned from the Company's Board of Directors and have been replaced by Mr. Ahmed Said and Mr. Stan Bharti. Mr. Said is the CEO of Forbes Energy Group which, among others, includes Vast Exploration, Longford Energy and Sagres Energy. Mr. Bharti is the CEO of Forbes & Manhattan and has been involved over the past 25 years in the creation, acquisition, restructuring and financing of resource companies. Mr. Bharti has been appointed non-executive Chairman of the Company.

"We are pleased to bring on Ahmed Said and Stan Bharti, who bring with them a diverse background in international oil and gas and investment banking." stated Tony Henshaw, President & CEO of Exile. "We appreciate the contributions of our valued colleagues Mr. de Courcy-Ireland and Mr. Orange and wish them all the best in their future endeavours".

About Exile Resources Inc.

Exile Resources Inc. is engaged in the acquisition, exploration and development of crude oil and natural gas properties in existing and underdeveloped basins. The Company aims to identify and acquire interests in additional properties with a greater emphasis placed on exploration. Exile utilizes strategic partnership and joint ventures in order to fully realize the production potential of any asset it acquires. With significant experience and track record of success in international operations, the Company is pursuing additional prospects in Africa, Turkey and beyond, looking for opportunities that are early on in the exploration and development value chain. Please visit Exile Resources web site for further information: www.exileresources.com.

Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements within the meaning of the applicable securities legislation. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Exile Resources Inc. Forward-looking information includes, but is not limited to, statements with respect to:  the impact of the appointments on the Company; current strategic initiatives; prospective nature of the Company's properties; estimates regarding future production; the future financial and operating performance of Exile and its projects the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of estimates, currency fluctuations, independent actions of its joint venture partners, dependence upon regulatory approvals, the availability of future financing and exploration risk. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social risks and uncertainties; risks relating to oil and gas exploration and exploitation activities; oil and gas prices; transaction risks; and delays in obtaining regulatory approvals. Although Exile has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise.   There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and, as such, undue reliance should not be placed on forward-looking statements.  Exile does not undertake to update any forward-looking information, except in accordance with applicable securities laws

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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