News

Xemplar Raises $8.15-Million With Warrant Exercise

Vancouver, May 29th 2007 - Xemplar Energy Corp (TSXV: XE) ("Xemplar" or the "Company") is pleased to announce that all of the share purchase warrants attached to the private placement dated May 26th 2006 have been exercised. These 17,344,429 warrants were priced at $0.47. As a result of this the Company now has a cash position in excess of $12.5 million.

On behalf of the Board of Directors,

Xemplar Energy Corp.

W.G. McDowall President and CEO

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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