Xemplar Energy Corp. announces increase to the overallotment option relating to the financing announced on February 29, 2008


    VANCOUVER, Feb. 29 /CNW/ - Xemplar Energy Corp. (XE:V - Frankfurt: E7R -
Namibia: XEM) announces that they and Canaccord Capital Corporation have
agreed to modify the Overallotment option related to the financing announced
on February 29, 2008. The Overallotment will now consist of 3,334,000 Units
for total proceeds of $10,002,000. Upon the full exercise of the
Overallotment, the financing will total $20,004,000.
    See the Company's press release dated February 29, 2008 for further
details relating to this financing.
    Completion of the placement is subject to the approval of the TSX Venture

    About Xemplar

    Xemplar Energy Corp. ("XE" on the TSX Venture Exchange) is a
Canadian-based company focused on uranium exploration. Xemplar seeks to
identify, acquire and develop uranium projects worldwide that show promise of
potentially economic grades and tonnages in a timely, responsible, and cost
effective manner. The Company has combined a team of geologists and directors
with extensive experience in uranium exploration, raising exploration capital
and building shareholder value through new acquisitions and exploration
success. The Company is well funded and has no long-term debt.

    On behalf of the Board of Directors,
    Xemplar Energy Corp.
    W.G. McDowall, President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    This news release does not constitute an offer to sell or solicitation of
an offer to sell any securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.

    Cautionary Statement Regarding Forward-Looking Information

    All statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. Forward-looking statements are subject
to business and economic risks and uncertainties and other factors that could
cause actual results of operations to differ materially from those contained
in the forward-looking statements. Forward-looking statements are based on
estimates and opinions of management at the date the statements are made. The
Company does not undertake any obligation to update forward-looking statements
even if circumstances or management's estimates or opinions should change.
Investors should not place undue reliance on forward-looking statements.

For further information:

For further information: Xemplar Energy Corp., W.G. McDowall, President
and CEO, (604) 687-4191, (604) 871-9926 (FAX), Email: info@xemplar.ca,
Website: www.xemplar.ca

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