Solimar Energy Limited
ASX : SGY
TSX VENTURE : SXS

Solimar Energy Limited

June 21, 2012 11:00 ET

Solimar Energy Limited: Share Interest Payment Notice-February 2012 Debentures

MELBOURNE, AUSTRALIA--(Marketwire - June 21, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Solimar Energy Limited (ASX:SGY)(TSX VENTURE:SXS) provides notice to the holders of outstanding debentures ("Debentureholders"), which were issued pursuant to the trust indenture dated February 10, 2012 (the "Indenture"), that the Corporation elects to satisfy its obligation to pay interest to Debentureholders on June 30, 2012 by issuing and delivering to such Debentureholders up to an aggregate of 1,343,961 common shares of the Corporation ("Common Shares") (subject to adjustment in accordance with the terms of the Indenture) being that number of Common Shares equal to the number obtained by dividing the amount of interest due and payable by C$0.0518 (being 90% of the volume weighted average price of the Common Shares on the TSX Venture Exchange for the 10 consecutive trading days ending on June 19, 2012).

Sincerely

John Begg, Chief Executive Officer

Solimar Energy Limited

ABN 42 112 256 649

Neither 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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