Dalmac Energy Inc.

Dalmac Energy Inc.

March 17, 2011 13:48 ET

Dalmac Refinances Term Debt

EDMONTON, ALBERTA--(Marketwire - March 17, 2011) - Dalmac Energy Inc. ("Dalmac") (TSX VENTURE:DAL) announces that it has entered into an agreement to refinance the interim term debt announced on August 27, 2010. The original amount of this term debt was $3.3 million and carried an interest rate of 24% per annum. To date Dalmac has repaid $700,000 of principal on this debt and the current balance stands at approximately $2.6 million.

Dalmac has arranged a new facility which will discharge the existing term debt without penalty. The new facility has a 36 month term and carries an interest rate of bank prime + 3.5%.

The documents for this new facility are currently being completed and funding is expected to be concluded by before March 31, 2011.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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