Primeline Announces Approval of Petroleum Contract

NOT FOR DISTRIBUTION TO U.S. NEWS WIRES SERVICES, OR DISSEMINATION IN THE UNITED
STATES.


Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH)
is pleased to announce that it has received confirmation of the approval of the
petroleum contract for Block 33/07 ("Petroleum Contract 33/07") from the
Ministry of Commerce in China.


Petroleum Contract 

As previously announced, Primeline and CNOC entered into a new petroleum
contract for Block 33/07 on 15th June 2012. Petroleum Contract 33/07 was subject
to the approval of the Ministry of Commerce of China and Primeline has received
confirmation from CNOOC that such approval has been granted. The effective date
of the Petroleum Contract 33/07 is 1st November 2012. 


Block 33/07 covers an offshore area of 5,877 Sq km (1.45 million acres)
enclosing Block 25/34 and the Contractor's interest is shared 75%/25% by the
Company and Primeline Petroleum Corporation ("PPC"). Petroleum Contract 33/07
has a 7-year exploration period divided into 3 exploration phases of 3, 2 and 2
years, each with a minimum work commitment. The firm commitment in the first
phase is for two exploration wells plus 660 sq km of 3D seismic. Any discoveries
in the new contract area have the right to use the production facilities being
built for the LS36-1 gas field. The fiscal terms for Petroleum Contract 33/07
are the same as the previous petroleum contract for Block 25/34.


Information Circular 

The Company has mailed and filed on SEDAR the Information Circular in respect of
the Annual General Meeting of the Shareholders to be convened on 19th November
2012, at which a resolution to approve a loan transaction with China Development
Bank will be proposed.


About Primeline Energy Holdings Inc.

Primeline is an exploration and development company focusing exclusively on
China resources to become a major supplier of gas and oil to the East China
market. Primeline has a 75% Contractor's interest in and is the operator of
Petroleum Contract 33/07 in the East China Sea and a 36.75% interest in the
LS36-1 gas field in Block 25/34 which is being developed by CNOOC (acting as
operator for the development) together with Primeline and PPC. Shares of the
Company are listed for trading on the TSX Venture Exchange under the symbol PEH.


ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.

Ming Wang, Chief Executive Officer

Please visit the Company's website at www.pehi.com. Should you wish to receive
Company news via email, please email [e-mail] and specify "Primeline
Energy" in the subject line.


This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond the Company's control, that may cause actual results or performance to
differ materially from those currently anticipated in such statement Readers
should not place undue reliance on forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Primeline Energy Holdings Inc.
Dr. Ming Wang
CEO
+44 207.499.8888 or Toll Free: 1.877.818.0688
+44 207.499.2288 (FAX)
[e-mail]
www.pehi.com


CHF Investor Relations
Robin Cook
Senior Account Manager
+1 416.868.1079
+1 416.868.6198 (FAX)
[e-mail]