Solimar Energy Limited: Update on Share Consolidation

Solimar Energy Limited ("Solimar" or "the Company") (TSX VENTURE:SXS)(ASX:SGY)
announced on Friday 29 November 2013 that it had received approval from its
shareholders to implement the share consolidation. 


Solimar continues to progress the share consolidation, however there are some
minor technical and procedural issues that have arisen due to the Company's dual
listing. Solimar is liaising with the ASX and the national body in Canada that
administers settlement and clearing activities (CDS) to work through these
issues, which it hopes will be resolved within the next few days. 


Once the Company has worked through these issues it will update the market and
issue a new timetable for the share consolidation.


Reader Advisory: Forward-looking statements

This news release contains forward-looking information relating to the Company's
consolidation of shares 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
[phone] or [phone]


Solimar Energy Limited
Chris Bowyer
Company Secretary
[phone] or [phone]
www.solimarenergy.com.au