XE

Xemplar Energy Corp. (the "Company") (TSX
VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) issued a news release on June 6, 2012
announcing that the Company entered into a purchase agreement (the "Purchase
Agreement") pursuant to which the Company will acquire land and equipment (the
"Property") used for the growing, harvesting, sale and exporting of pecan crops
in Culberson County, Texas (the "Acquisition") which will constitute a change of
business ("COB") pursuant to Policy 5.2 of the TSX Venture Exchange (the
"Exchange"). Pursuant to the policies of the Exchange, the Company is required
to issue a news release every 30 days following its initial news release, to
update the status of the COB.


The Company advises that there has been no change to the status of the COB. In
accordance with the terms of the Purchase Agreement the Company is continuing to
conduct its due diligence review of the Property. The Company is also continuing
to work towards securing agricultural loans to finance the Acquisition. The
Company has made and continues to make filings with the Exchange in accordance
with Exchange's policies in connection with the reinstatement of trading of the
Company's shares and approval of the COB transaction. Trading in the Company's
shares will be reinstated upon receipt by the Exchange of what they determine is
satisfactory documentation to effect a resumption of trading. The Company is
seeking an exemption from the Exchange's sponsorship requirements.


The Company has set a record date of July 3, 2012 for a special meeting of its
shareholders to seek approval for the Acquisition. The Company is in the process
of finalizing its management information circular and expects to mail the
circular to shareholders shortly. The Company anticipates calling a special
meeting of the shareholders sometime in August.


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


On behalf of the Board of Directors of

XEMPLAR ENERGY CORP.

Ron Mitchell, Chairman and Director

Certain statements contained in this press release may include forward-looking
information with respect to the Company's operations and future financial
results. Such statements are based on current expectations, are subject to a
number of uncertainties and risks, and actual results may differ materially from
those contained in such statements. Further information can be found in the
disclosure documents filed by the Company at www.sedar.com.

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