XE

Xemplar Energy Corp. (the "Company") (TSX
VENTURE:XE)(FRANKFURT:E7R)(NAMIBIAN:XEM) announces that the Company will not
proceed with its previously announced acquisition of a pecan farm property in
Culberson County, Texas (the "Lobo Property") and associated change of business
("COB") transaction pursuant to Policy 5.2 of the TSX Venture Exchange.


The purchase agreement between the Company and the vendors of the Lobo Property
(the "Purchase Agreement") was dated June 5, 2012 and the vendors of the Lobo
Property had previously extended the closing date under the Purchase Agreement
several times. The last such extension ran through October 2, 2012. The vendors
of the Lobo Property proposed a further amendment to the Purchase Agreement to
extend closing yet again upon certain conditions. However, no agreed-upon
extension to the closing date had been reached. On November 28, 2012, the
Company received a letter from the vendors to terminate the Purchase Agreement
on the grounds that there had been no agreed-upon extension to the closing date.


As previously announced, the Company was working towards securing agricultural
loans in order to finance a portion of the purchase price of the Lobo Property.
On November 30, 2012, the Company was notified by its proposed lender that it
will not proceed with the financing proposal to provide the Company with debt
financing to complete the purchase of the Lobo Property.


Trading of the shares of the Company remain halted and will be reinstated upon
receipt by the TSX Venture Exchange of satisfactory documentation to effect a
resumption of trading.


The TSX Venture Exchange has in no way passed upon the merits of 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Xemplar Energy Corp.
+1.604.687.4191
+1.604.871.9926 (FAX)

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