Xemplar Energy Corp.:close Of $19,665,000 Financing

March 20th, 2008, Xemplar Energy Corp. (TSXV:XE - Frankfurt:E7R -
Namibia:XEM) is pleased to announce the completion of the private placement
previously announced on February 29th, 2008. Canaccord Capital Corporation
(the 'Underwriter') sold a total of 6,555,000 units (the 'Units') at a
price of $3.00 per Unit for gross proceeds of $19,665,000 (the 'Offering').
Each Unit consists of one common share and one-half of one common share
purchase warrant. Each whole warrant will be exercisable into one common
share for two years from the closing date (the 'Closing Date') at an
exercise price of $4.00.

As consideration to the Underwriter, Xemplar has paid a commission of 7% of
the total proceeds raised and issued underwriter's warrants ('Underwriter's
Warrants') equal to 7% of the Units issued pursuant to the Offering.
All of the securities issued pursuant to the Offering are subject to a hold
period expiring on July 21, 2008.

Proceeds of the private placement will be used towards funding exploration
activities on Xemplar's exploration properties in Namibia and for general
corporate purposes.


On behalf of the Board of Directors,


W. G. McDowall
President and CEO
Xemplar Energy Corp.


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.


Contact Germany:
Value Relations GmbH
Tel.: +49 69 959246-11
n.arnautovic@vrir.de



20.03.2008 Financial News transmitted by DGAP

Unternehmen: Xemplar Energy Corp. - ISIN: CA9840071042