Primeline Obtains Additional Working Capital Facility

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UNITED STATES.


Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH)
today announced that Primeline has entered into a further agreement with Victor
Yiou-Hwa Hwang, its President, Chairman and largest shareholder, in relation to
an additional working capital facility. Previously Mr. Hwang granted Primeline a
loan facility of up to US$4,000,000 for working capital purposes. The amount
drawndown to date under that working capital facility is US$3,205,128 so that
US$794,872 remains available, and it has recently been agreed that the period
during which such facility is available to be drawn against should be extended
to 30th November 2012 and that the amount drawndown should be repayable on
written demand at any time after 30th April 2013. In order to provide additional
working capital through to 31st March 2013, an additional working capital
facility has now been agreed. The amount available under this additional
facility is US$1,650,000 which is available for drawdown at any time prior to
31st March 2013. The amount drawndown is repayable at any time after 31st July
2014 and is interest free. Primeline is investigating options for generating
funds to repay the working capital facilities and expects to make an
announcement about repayment in due course. 


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 the
petroleum contract with CNOOC for Block 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 Limited (acting as Operator for the development) together with Primeline
and Primeline Petroleum Corp. ("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.


Forward-Looking Statements

Some of the statements in this news release contain forward-looking information,
which involves inherent risk and uncertainty affecting the business of
Primeline. These statements relate to Primeline's expectation that it will be
able to conclude arrangements to generate funds to repay the Loan. Actual
results may vary from those anticipated in such statements. Such arrangements
may not be entered into on the terms expected or at all. If not, Primeline may
be unable to repay the Loan. Exploration for oil and gas is subject to the
inherent risk that it will not result in a commercial discovery.