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Otish Basin Uranium Property Acquired and Private Placement Re-announced

Xemplar Energy Corp. (the "Company") wishes to announce that it has entered into a purchase agreement with Mr. Peter Bambic (the "Vendor") to acquire a 147,663-acre uranium property located in the Otish Basin of Quebec. The property is comprised 1,159 claims and accessible by float plane from the town of Chibougamau or the settlement of Chute-des-Passes, located 200 km north of Lac St-Jean. A winter road leading to the Eastmain deposit crosscuts the Otish Basin at 55 km west of the property.

The terms of the purchase agreement for a 100% interest in the property require the Company to make cash payment of $300,000 and to issue 3,000,000 shares to the vendors. The property is subject to a 2% net-smelter-return royalty payable to the vendors. The company has the right to reduce the royalty to 1% by a cash payment $1 million. This acquisition is subject to TSX Venture Exchange approval. A finder's fee, in the maximum amount permitted under the policies of the TSX Venture Exchange, is payable in shares or cash.

The newly acquired property hosts several uranium prospects, which were delineated by Cogema in the 1970-1980s. Selected samples from the S showing returned values up to 8,056 parts per million U₃O₈ and drill intercepts from the Beaver Lake showing yielded 0.15 per cent U₃O₈ over 4.5 metres, including 0.33 per cent U₃O₈ over 1.0 metre in a drill hole. The Phantom East showing returned 0.51 per cent U₃O₈ over 1.0 metre. Some gold values up to 37 grams per tonne Au were also reported from selected samples on the S showing.

The property surrounds the Cogema-Soquem L prospect for which assessment files at the ministry report 1,843 tonnes of metal uranium calculated from radiometric data, not from chemical analysis. The mineralization appears to be both disseminated and in veins, occurring along the contact between the Otish gabbro and sandstone, siliciclastic sediments, and arkosic siltstone.

Further to its news release of August 30, 2005, the Company re-announces that it has entered into a private placement for the sale of 6,700,000 units at a price of $0.15 per unit for total proceeds of $1,005,000. Each unit will consist of 1 common share and 1 share purchase warrant for the purchase of 1 further common share of the Company within two years at a price of $0.30 per share. The funds shall be used for unallocated working capital and property acquisition. The maximum allowable finder's fee shall be payable.

XEMPLAR ENERGY CORP.

Per:
"A.G. Gordon-Tydd"

Arthur G. Gordon-Tydd, President

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

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