Xemplar Energy Corp.
TSX VENTURE : XE
FRANKFURT : E7R

Xemplar Energy Corp.

February 29, 2008 11:04 ET

Xemplar Energy Corp. Announces Increase to the Overallotment Option Relating to the Financing Announced on February 29, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) announces that they and Canaccord Capital Corporation have agreed to modify the Overallotment option related to the financing announced on February 29, 2008. The Overallotment will now consist of 3,334,000 Units for total proceeds of $10,002,000. Upon the full exercise of the Overallotment, the financing will total $20,004,000.

See the Company's press release dated February 29, 2008 for further details relating to this financing.

Completion of the placement is subject to the approval of the TSX Venture Exchange.

About Xemplar

Xemplar Energy Corp. ("XE" on the TSX Venture Exchange) is a Canadian-based company focused on uranium exploration. Xemplar seeks to identify, acquire and develop uranium projects worldwide that show promise of potentially economic grades and tonnages in a timely, responsible, and cost effective manner. The Company has combined a team of geologists and directors with extensive experience in uranium exploration, raising exploration capital and building shareholder value through new acquisitions and exploration success. The Company is well funded and has no long-term debt.

On behalf of the Board of Directors,

Xemplar Energy Corp.

W.G. McDowall, President and CEO

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

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