Exceed Energy Inc. - Operations Update

    CALGARY, March 14 /CNW/ - (TSX Venture: EX.A, EX.B) - Exceed Energy Inc.
("Exceed" or the "Company") is pleased to provide the following update on
    Exceed'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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    This release may contain forward-looking statements including
expectations of future production, cash flow and earnings. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ. Additional
information on these and other factors that could affect Exceed's operations
or financial results are included in Exceed's reports on file with Canadian
securities regulatory authorities that may be accessed at www.sedar.com.

    %SEDAR: 00019578E

For further information:

For further information: Exceed Energy Inc., Richard Wolfli, President
and CEO, Telephone: (403) 508-1852, Facsimile: (403) 508-1781

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