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


Solimar Energy Limited ("Solimar" or the "Company") (ASX:SXS)(TSX VENTURE:SXS)
is pleased to provide notice to the holders of its outstanding debentures ("June
Debentureholders"), that were issued pursuant to the trust indenture dated June
26, 2012, as amended August 14, 2013, as amended January 31, 2014, that the
Company elects to satisfy its obligation to pay interest to June
Debentureholders on March 31, 2014 by issuing up to an aggregate of 2,763,388
Shares (subject to adjustment in accordance with the terms of the June
Indenture) being that number of Shares equal to the number obtained by dividing
the amount of interest due and payable by 90% of the 10 trading day volume
weighted average price ending March 19, 2013, being $0.0579. The issue of shares
is subject to shareholders approving the refreshment of the Company's placing
ability at a shareholder meeting to be held on March 28, 2014.


Solimar is also pleased to announce that Chris Ritchie was appointed as the new
Chief Financial Officer and Corporate Secretary for the Company.


Mr. Ritchie is CPA with over twenty five years' experience in ASX listed
companies. Mr. Ritchie has experience in the energy & resources sector with
several of Australia's largest engineering contractors and services companies in
the financial management of the construction of major oil and gas infrastructure
projects. Mr. Ritchie is a Fellow of CPA Australia and a Fellow of the
Governance Institute of Australia.


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.


Reader Advisory: Forward-looking statements

This news release contains forward-looking information relating to the share
interest payment 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 private
placement, risks associated with 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
+1 805 643 4100 or (03) 9347 2409
www.solimarenergy.com.au