Primeline Closes First Tranche of Private Placement

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


Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH)
today announced that it has closed the first tranche of its previously announced
private placement offering led by D&D Securities Inc. (the "Agent") as Agent.
Primeline issued a total of 7,652,500 units ("Units") at a price of $0.55 per
Unit for gross proceeds of $4,208,875. Each Unit consists of one ordinary share
(a "Common Share") and one half of one warrant (a "Warrant"). Each Warrant is
exercisable to purchase a further Common Share at a price of $0.90 per share for
24 months from today. Primeline will have the right to accelerate expiry of the
Warrants if the volume weighted average closing price of the common shares on
the TSX Venture Exchange (the "TSX-V") exceeds $1.35 per share for 10
consecutive trading days by giving notice, whereupon the Warrants will expire 30
days from the date of notice. The Agent was paid a cash commission of 7% of the
gross proceeds, and together with members of its selling group issued 612,200
warrants ("Broker Warrants"), equal to 8% of the number of Units sold. Each
Broker Warrant is exercisable for 24 months to purchase a Common Share at $0.55
per share. The private placement is subject to final acceptance by the TSX
Venture Exchange.


The Common Shares comprised in the Units, the Warrants, and any Common Shares
issued on exercise of the Warrants and the Agent's Warrants, will be subject to
a hold period of four months plus one day from today. The net proceeds from the
first tranche of the private placement will be used to fund a portion of
Primeline's share of the costs of the seismic survey announced in Primeline's
press release of December 13, 2013. 


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 (5,877sq 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 Corporation. Shares of Primeline 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.


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. 


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]