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XEMPLAR ENERGY 6.55-MILLION-SHARE PRIVATE PLACEMENT

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Feb. 29, 2008.

Number of shares: 6,555,000 shares

Purchase price: $3 per share

Warrants: 3,277,500 share purchase warrants to purchase 3,277,500 shares

Warrant exercise price: $4 for a two-year period

Hidden placees: 41

Agent's fee: 7 per cent in cash ($1,376,500) and 7 per cent in compensation options (458,850 compensation options) payable to Canaccord Capital Corp.

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