SXS

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Solimar Energy Limited (TSX VENTURE:SXS)(ASX:SGY) ("Solimar" or "the Company")
advises that it has re-issued the financial statements and management discussion
and analysis for the quarter ended March 31, 2013.


The re-statement relates to the change in classification of the convertible
debentures issued in February 2012 and which mature on 31 December 2013. The
consolidated statement of financial position has been adjusted to reflect that
A$2,157,909 of Borrowings and A$91,933 of Derivative liability are current
liabilities. The revised consolidated statement of financial position shows
current liabilities of A$3,265,460 and non-current liabilities of A$4,552,418.
Total liabilities remain unchanged at A$7,817,878. 


There have been no other changes to the financial statements. The management
discussion and analysis has been amended to reflect the change in the
classification of liabilities in those sections where relevant.


Frank Petruzzelli, Chairman

Solimar Energy Limited

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.


This press release contains certain forward-looking statements within the
meaning of applicable securities law. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur, including without limitation
statements relating to intended testing, work programs, financing and associated
timelines. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. Solimar Energy Limited cannot assure that actual results will be
consistent with these forward-looking statements. They are made as of the date
hereof and are subject to change and Solimar Energy Limited assumes no
obligation to revise or update them to reflect new circumstances, except as
required by law. Prospective investors should not place undue reliance on
forward-looking statements. These factors include the inherent risks involved in
the exploration for and development of crude oil and natural gas properties, the
uncertainties involved in interpreting drilling results and other geological and
geophysical data, fluctuating energy prices, the possibility of cost overruns or
unanticipated costs or delays and other uncertainties associated with the oil
and gas industry. There is no assurance that the Offering will be completed.


ABN 42 112 256 649

FOR FURTHER INFORMATION PLEASE CONTACT: 
Solimar Energy Limited
+61 3 9347-2409 or +1 805-643-4100
www.solimarenergy.com.au

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