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Private Placement And Incentive Stock Option

Xemplar Energy Corp. has entered into a private placement for the sale of 17.2 million units at a price of 35 cents for a total of $6.02-million. Each unit will consist of one common share and one non-transferable share purchase warrant for the purchase of one further common share of the company within one year from the date of closing. The exercise price for the warrants is 47 cents per share. The proceeds from this private placement will be used for unallocated working capital and property acquisition. The maximum allowable finder's fee will be payable.

The company also wishes to announce the granting of incentive stock option for a total of 500,000 shares at a price of 47 cents per share. The options will have an exercise term of two years.

Xemplar Energy Corp.

Craig Walker
Director

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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