Exco releases Quarterly Report October 31, 2008

Exco Resources (ASX: EXS) has released today its quarterly activities report updating the market on the Company’s most recent developments.

Highlights:

CLONCURRY COPPER PROJECT, NW QLD

• Major resource upgrades at E1 Camp:
  - E1 North now contains 12.3Mt @ 1.00% Cu and 0.29g/t Au representing a 55% increase in the overall resource, with 63% now in the Indicated category
  - E1 South now contains 18.2Mt @ 0.67% Cu and 0.18g/t Au with 40% having been converted to the Indicated category
  - Total project resources now comprise 43.2Mt
• Discovery of new mineralised zone at E1 North: Drilling on the eastern limb has identified further resource potential.
• Definitive Feasibility Study (DFS): Good progress on all planned activities. On track for completion during early 2009.

  JOINT VENTURES
  

• Ivanhoe Joint Venture: Ivanhoe completes initial JV earn-in and signals intention to continue exploration.
• Positive results from Paradigm JV: Vanadium and Molybdenum mineralisation requires further investigation.

  WHITE DAM GOLD PROJECT, SA
  

• Update on approvals process (MARP): Final sign off expected to take place in 4th quarter of 2008.

  CORPORATE
  

• Appointment of Mr Eamon Byrne as Chief Financial Officer and Company Secretary
• Fox-Davies Capital appointed as International Capital Markets Advisors
• Notice of AGM to be held on 20th November 2008

Click here to read the full announcement.

For further information, please contact:

Michael Anderson
Managing Director
Telephone: +61 8 9211 2000
Facsimile: +61 8 9211 2001
www.excoresources.com.au