CORRECTION: Solimar Energy Limited Closes Private Placement And Notice to Debentureholders

A correction is being issued with respect to the Solimar Energy release that was
issued September 27th. Information was added to the first paragraph that was not
intended for the release. The correct version follows:


Solimar Energy Limited ("Solimar" or "the Company") (ASX:SGY)(TSX VENTURE:SXS)
has issued units and subscription receipts convertible into units as part of a
non-brokered private placement for aggregate gross proceeds of C$500,000. Each
unit was issued at a price of C$0.015 and is comprised of one fully paid
ordinary share and one warrant exercisable at C$0.05 for the first 12 months and
at $0.10 for the subsequent 12 months. The proceeds raised from the issue of
28,234,666 units to investors totals C$423,520. The proceeds raised from the
issue of subscription receipts to three directors, which are convertible into
5,098,667 units subject to shareholder approval at the upcoming Annual General
Meeting, totals C$76,480.


Assuming shareholder approval is received, Solimar intends to use the proceeds
from the placement as follows: approximately $16,000 towards the payment of US
Payables; approximately $113,000 for the Payment of Australian Payables;
Approximately $160,000 for the payment of interest on debentures; and
approximately $211,000 for its US drilling commitments. The private placement
was approved by the Corporation's board of directors, excluding those directors
who have a direct interest in the private placement.


The issue of 14,066,667 shares is being done under the Company's 10% placement
capacity per Listing Rule 7.1A and the balance of the shares and the issue of
the warrants under the Company's 15% placement capacity per Listing Rule 7.1 


Solimar also wishes to advise that its financial report for the year ended 30
June 2013 is being finalised and is due to be released on or about the close of
business Monday September 30, 2013 (Australia). Following the release of the
financial report the Company will release a cleansing statement per section
708A(5). The financial report will reflect the Company's financial position at
30 June and incorporate the effect of recent writedowns in some of the Company's
projects in particular Southeast Lost Hills and Paloma. 


The Corporation also provides notice to the holders of outstanding debentures
("February Debentureholders") which were issued pursuant to the trust indenture
dated February 10, 2012, as amended and restated on July 27, 2012, that the
Corporation wishes to satisfy its obligation to pay interest to February
Debentureholders on September 30, 2013 by issuing and delivering up to an
aggregate of 7,000,000 Common Shares at a price of $0.01 per share. 


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
Corporation's financial report for the year ended 30 June 2013, the planned
development and exploration activities on the properties in which the Company
has interests, 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solimar Energy Limited
Jason Bednar
Director
[phone] or [phone]
www.solimarenergy.com.au