Primeline Obtains Additional Working Capital Facility

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRES SERVICES, OR DISSEMINATION IN THE
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
loan facilities of up to US$5,650,000 for working capital purposes which
facilities are fully drawn down, and are repayable on demand at any time after
April 30, 2014 (in respect of the facility for US$4,000,000) and July 31, 2014
(in respect of the facility of US$1,650,000). In order to provide additional
working capital through to 31st March 2014, an additional working capital
facility has now been agreed. The amount available under this additional
facility is US$1,000,000 which is available for drawdown at any time prior to
31st March 2014. The amount drawndown under the new facility is repayable on
written demand at any time after 31st July 2015 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.


In the meantime, the development of the LS36-1 gas field continues to progress
smoothly with first gas due in the second half of 2013 as scheduled.


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 (5.877 sq km) 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 working capital
facilities. 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 working capital facilities. In such
event, Primeline may have to curtail or cease its operations. Exploration for
oil and gas is subject to the inherent risk that it will not result in a
commercial discovery.


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 ext. 228
+1 416.868.6198 (FAX)
[e-mail]