SXS

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


Solimar Energy Limited ("Solimar" or "the Company") (TSX VENTURE:SXS)(ASX:SGY)
is pleased to announce that the share consolidation has been effected on both
the TSXV and ASX. The share consolidation was approved by shareholders at the
Annual General Meeting on 29 November 2013 and has converted every 25 existing
Shares into one (1) new Share. 


The Company now has a total of 20,573,699 shares on issue. The Company's
unquoted options ("options") and unquoted warrants ("warrants") have also been
adjusted in proportion to the share consolidation with the result being a
decrease in the number of shares the options and warrants can be converted to
and a corresponding increase in their respective exercise prices. Similar
adjustments have been made with respect to the Company's unquoted debentures.


The Company also provides notice to the holders of its outstanding debentures
("June Debentureholders"), that were issued pursuant to the trust indenture
dated June 26, 2012, as amended August 14, 2013 (the "June Indenture"), that the
Company elects to satisfy its obligation to pay interest to June
Debentureholders on December 31, 2013 by issuing up to an aggregate of 1,423,490
Shares (subject to adjustment in accordance with the terms of the June
Indenture) being that number of Shares equal to the number obtained by dividing
the amount of interest due and payable by 90% of the 10 trading day volume
weighted average price ending December 19, 2013, and which is currently C$0.1124


Solimar would like to remind again that it will be issued by the ASX a new
ticker code "SXS" and will begin trading on the ASX under such code on Tuesday
24 December 2013. 


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.


Reader Advisory: Forward-looking statements

This news release contains forward-looking information relating to the Company's
consolidation of shares, new ticker code, share interest payment and other
statements that are not historical facts. Such forward-looking information is
subject to important risks, uncertainties and assumptions. The results or events
predicated in this forward-looking information may differ materially from actual
results or events. As a result, you are cautioned not to place undue reliance on
this forward-looking information.


Forward-looking information is based on certain factors and assumptions. While
the Company considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with the instability
of the economic environments in which the Company operates or owns interests,
oil and gas exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
incorrect assessment of the value of acquisitions, failure to realize the
anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, reliance on key personnel, regulatory risks
and delays, including risks relating to the acquisition of necessary licenses
and permits, environmental risks and insurance risks.


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Company may elect
to, the Company is under no obligation and does not undertake to update this
information at any particular time, except as required by law.


ABN 42 112 256 649 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Solimar Energy Limited
Jason Bednar
Director
+1 805 643 4100 or (03) 9347 2409


Solimar Energy Limited
Chris Bowyer
Company Secretary
+1 805 643 4100 or (03) 9347 2409
www.solimarenergy.com.au

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