XE

Xemplar Energy Corp. (the "Company") (TSX
VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) is pleased to announce that it has
received conditional approval from the TSX Venture Exchange (the "Exchange") to
complete its previously announced change of business ("COB") transaction
pursuant to which it will acquire inventory and certain land, machinery and
equipment used for the growing, harvesting, sale and exporting of pecan crops in
southwest Texas (the "Acquisition"), subject to satisfaction of certain
conditions imposed by the Exchange.


The Acquisition remains subject to shareholder approval which will be sought by
the Company at a special meeting of its shareholders to be held on August 15,
2012. A management information circular dated July 20, 2012 (the "Circular") in
connection with the special meeting was mailed today to shareholders of record
as of July 3, 2012. Subject to receipt of regulatory and shareholder approval,
it is expected that the Acquisition will be completed on or about August 15,
2012.


For further information with respect to the Acquisition and the COB reference
should be made to the Circular, a copy of which has been filed by the Company on
The System for Electronic Document Analysis and Retrieval (SEDAR) and will be
available under the Company's profile at www.sedar.com.


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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