WestFire Applies to List its Shares on the Toronto Stock Exchange and Exceed Shares to Resume Trading

CALGARY, ALBERTA - (Marketwire - Nov. 4, 2009) - WestFire Energy Ltd. ("WestFire"), a private oil and gas company with operations in Alberta and Saskatchewan, and Exceed Energy Inc. ("Exceed") (TSX VENTURE:EX.A) jointly announce that, in connection with the previously announced proposed acquisition by WestFire of Exceed and certain producing assets, WestFire has applied to the Toronto Stock Exchange ("TSX") for the listing of its common shares. The listing of the WestFire shares on the TSX is subject to WestFire fulfilling all applicable listing requirements.

WestFire and Exceed also announce that the trading in Exceed's shares will resume at market open on November 5, 2009. The trading halt was imposed by the TSX Venture Exchange pending confirmation by such exchange that the proposed acquisition of Exceed does not constitute a "reverse take-over" in accordance with the rules of such exchange which would otherwise result in a temporary trading halt. Having clarified with the TSX Venture Exchange that the acquisition is not a "reverse take-over", the trading halt has been lifted.

NEITHER THE 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 THE RELEASE. www.exceedenergy.com

Tags: ,Energy and Utilities,Oil and Gas ,TAKEOVERS/ LETTER of INTENT

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WestFire Applies to List its Shares on the Toronto Stock Exchange and Exceed Shares to Resume Trading