Exercise of Employee Share Options & Total ...

Exercise of Employee Share Options and Total Voting Rights

CALGARY, Dec. 3, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company")
(LSE:CRCL) announces that 11,666 new common shares (the "Employee Shares") have
been issued pursuant to the exercise of employee share options. As a result,
the Company's issued share capital now consists of 121,452,298 common shares.
The Company does not hold any treasury shares. The Employee Shares are expected
to be admitted to listing on the premium listing segment of the Official List
and to trading on the London Stock Exchange plc's main market for listed
securities at 8.00 a.m. (GMT) on Thursday, 5 December 2013.

As at 3 December 2013, the total number of voting rights in the Company is
121,452,298. Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the Company
under the Financial Conduct Authority's Disclosure and Transparency Rules ("
DTRs").

This announcement is in conformity with DTR 5.6.1A (1).

The Employee Shares have not been and will not be registered under the
securities laws of the United States (including its territories and
possessions, any State of the United States and the District of Columbia),
Australia, Canada, Japan or South Africa and may not be offered, sold, taken
up, exercised, resold, renounced, transferred or delivered, directly or
indirectly, within such jurisdictions except pursuant to an exemption from and
in compliance with any applicable securities laws.

SOURCE: Caracal Energy Inc.

For further information:

Caracal

Gary Guidry, Chief Executive Officer
Trevor Peters, Chief Financial Officer
[phone]

FTI Consulting - 
UK Media Enquiries 

Ben Brewerton
Edward Westropp
Georgia Mann
[phone]
[e-mail]

Longview Communications - 
Canadian Media Enquiries 
Alan Bayless
604-694-6035
Joel Shaffer
416-649-8006