Solimar Energy Limited ("Solimar" or the "Company") (TSX VENTURE:SXS)(ASX:SXS)
and Canacol Energy Ltd. (the "Subscriber") are pleased to announce that, further
to Solimar's press release date May 9, 2014, the Subscriber has purchased
3,538,462 units of Solimar at a price of $0.065 per unit (the "Offering") for
aggregate consideration of $230,000. Pursuant to the Offering, the Subscriber
now holds an additional 3,538,462 common shares in the capital of Solimar
("Shares") and 1,769,231 warrants.


Immediately following the Offering, the Subscriber had beneficial ownership of,
and control and direction over, an aggregate of 9,054,516 Shares, or
approximately 13.81% of the Shares outstanding. The Subscriber also had
beneficial ownership of 4,925,285 warrants of Solimar. If such warrants are
exercised, Canacol would have beneficial ownership of, and control and direction
over, 13,979,801 Shares, or approximately 19.84% of the Shares outstanding.


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 private
placement, planned development and exploration activities on the properties in
which the Company has interests, 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