Solimar Energy Limited: Share Interest Payment Notice

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


Solimar Energy Limited (ASX:SGY)(TSX VENTURE:SXS) (the "Company") provides
notice to the holders of outstanding debentures ("February Debentureholders"),
which were issued pursuant to the trust indenture dated February 10, 2012, as
amended July 27, 2012, (the "February Indenture"), that the Company elects to
satisfy its obligation to pay interest to February Debentureholders on March 31,
2013 by issuing up to an aggregate of 4,666,659 common shares of the Company
("Common Shares") (subject to adjustment in accordance with the terms of the
February Indenture) being that number of Common Shares equal to the number
obtained by dividing the amount of interest due and payable by the Discounted
Market Price as defined in the TSX-V policies, and which is currently $0.015.


The Company also provides notice to the holders of outstanding debentures ("June
Debentureholders") which were issued pursuant to the trust indenture dated June
26, 2012 (including supplemental indentures thereto, the "June Indenture") that
the Company wishes to satisfy its obligation to pay interest to June
Debentureholders on June 30, 2013 by issuing and delivering up to an aggregate
of 7,333,331 Common Shares, also at a price of $0.015.


The June debentureholders are required to approve any issue of Common Shares by
the Company to satisfy the Company's obligation to pay interest where the price
calculated under the formula in the June Indenture is below 90% of the volume
weighted average price of the Common Shares on the TSX Venture Exchange for the
10 consecutive trading days ending on the 19th day of the final month of the
quarter. In the case of the quarter ended June 30, 2013 the formula calculated a
price below that threshold, being $0.0148.


As a result the Company has requested approval from the June debentureholders to
satisfy its obligation to pay interest through issuing Common Shares at $0.015.
At the time of this notice approval has not yet been received. If no approval is
given the Company is required to satisfy the interest due the June
Debentureholders for the quarter through a payment of cash.


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.


ABN 42 112 256 649

FOR FURTHER INFORMATION PLEASE CONTACT: 
Solimar Energy Limited
Frank Petruzzelli
Chairman
+61 3 9347-2409 or +1 805-643-4100
www.solimarenergy.com.au
(TSXV:SXS)
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