Block Listing and Issue of Common Shares

Caracal Energy Inc. - Block Listing and Issue of Common Shares CALGARY, Dec. 27, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company")(LSE:CRCL) announces that applications have been made to the Financial ConductAuthority for admission to the Official List, and to the London Stock Exchangeplc for admission to trading, of a total of 7,471,946 common shares ("Shares").It is anticipated that these Shares will be admitted at 8a.m. (GMT) on 31December 2013. The applications have been made in respect of: · 3,000,000 Shares to be issued on the exercise of share awards madeunder the Company's Employee Option Plan, which have been reserved under ablock listing; · 1,508,333 Shares to be issued on the exercise of share awards madeunder the Company's Employee Performance Warrant Plan, which have also beenreserved under a block listing; and · 2,963,613 Shares to be issued on 30 December 2013 pursuant to theterms of outstanding convertible securities which were issued by the Company on13 September 2012. When issued, these Shares will rank pari passu in all respects with theexisting Shares of the Company. As at 30 December 2013, following the issuance of the 2,963,613 Shares pursuantto the terms of outstanding convertible securities, the Company's issued sharecapital will consist of 146,496,025 common shares. The Company does not holdany treasury shares. Therefore, the total number of voting rights in theCompany as at 30 December 2013 will be 146,496,025. Shareholders may use thisfigure as the denominator for the calculations by which they will determine ifthey are required to notify their interest in, or a change to their interestin, the share capital of the Company under the Financial Conduct Authority'sDisclosure and Transparency Rules ("DTRs"). This announcement is in conformity with DTR 5.6.1A (1). About Caracal Energy Inc. Headquartered in Calgary, Canada, Caracal Energy Inc. is an internationalexploration and development company focused on oil and gas exploration,development and production activities in the Republic of Chad, Africa. In 2011,the Company entered into three production sharing contracts ("PSCs") from thegovernment of the Republic of Chad. These PSCs provide exclusive rights toexplore and develop reserves and resources over a combined area of 26,103 km2in southern Chad. The PSCs cover two world-class oil basins with historical oildiscoveries, development opportunities, and numerous exploration prospects. The Company's shares trade on the London Stock Exchange under the symbol CRCL. SOURCE: Caracal Energy Inc. For further information: Caracal Energy Inc.Gary Guidry, President and Chief Executive OfficerTrevor Peters, Chief Financial Officer+1 403-724-7200 Longview Communications - Canadian Media EnquiriesAlan BaylessJoel Shaffer+1 604-694-6035+1 416-649-8006 FTI Consulting - UK Media EnquiriesBen Brewerton / Ed Westropp+ 44 (0) 207 8313 3113caracalenergy.sc@fticonsulting.com