Xemplar Energy Corp.

Xemplar Energy Corp.

October 29, 2012 16:33 ET

Xemplar Energy Corp. Appoints Simon Tam to Chair Special Committee

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - Xemplar Energy Corp. (the "Company") (TSX VENTURE:XE)(FRANKFURT:E7R) - Mr. Simon Tam, independent director of Xemplar Energy Corp., announces his appointment at a Board meeting held of the Company on October 25, 2012, as Chairman of a Special Committee to respond to a shareholder requisition issued by Fursa Master Global Event Driven Fund LP (the "Requisition").

The Company will convene the requisitioned shareholders' meeting in Vancouver on December 28, 2012, for shareholders of record November 26, 2012.

A formal Notice of Meeting and Information Circular will be mailed to shareholders shortly.

Simon Tam, Chairman

Special Committee

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.

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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