Exco Resources Limited (ASX:EXS) A$10.1 Million Placement Completed

Perth, Nov 4, 2009 AEST (ABN Newswire) - Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is pleased to announce that it has today issued 41,332,267 shares at 24.5 cents each (Securities) to institutional and sophisticated investors to raise A$10,126,406 before expenses.

These Securities were issued pursuant to the placement announced on 22 October 2009.

The placement funds will be used to proactively advance the Company's portfolio of copper projects in north-west Queensland. Prioritisation and pre-planning has already been completed at key drill targets and work is scheduled to commence immediately. The Company looks forwards to providing details of results as soon as they come to hand.

Notice Given under Section 708A(5)(e) of the Corporations Act 2001

The Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) that:

a) the Company intends to issue the Securities without disclosure to investors under Part 6D.2 of the Act;

b) as at today's date, the Company has complied with:

i) the provisions of Chapter 2M of the Act as they apply to the Company; and

ii) section 674 of the Act; and

c) there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

Contact

Michael Anderson Managing Director Phone: +61-8-9211-2000 Eamon Byrne Company Secretary Phone: +61-8-9211-2000