The Board of Directors of EXCO Resources, Inc. has approved a capital spending budget of $625.2 million for 2008. This budget amount is approximately 24% more than the approved 2007 budget of $502.9 million and is the largest in EXCO’s history.

The 2008 capital budget provides funding for activities including the drilling of more than 600 wells, implementation of exploitation and operations projects, and enhancements to our information technology systems. Our exploitation projects involve working on existing wellbores to enhance reserves and production.

The operations projects include land leasing, seismic, facilities, and artificial lift projects, among others. The budget will be fully funded through cash flow from operations. Consistent with EXCO’s stated strategy, we will retain a significant amount of our cash flow to either provide funding for acquisitions or for payment of debt.

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