DUBLIN, IRELAND — (Marketwire) — 07/13/11 — San Leon Energy Plc (AIM: SLE) (“San Leon”) today announced that it has applied to the securities regulatory authorities in each of the provinces of British Columbia and Alberta (collectively, the “Jurisdictions”) for a decision that San Leon is deemed to have ceased to be a reporting issuer in the Jurisdictions.
A decision by the securities regulatory authorities in the Jurisdictions that San Leon has ceased to be a reporting issuer in the Jurisdictions will not affect San Leon–s listing on AIM or its reporting obligations under U.K. securities laws or AIM requirements. If the decision is granted, San Leon will no longer be a reporting issuer in any jurisdiction in Canada and will no longer be subject to Canadian continuous disclosure requirements. A further update on this will be given to the market in due course.
San Leon has undertaken to concurrently deliver to its Canadian resident securityholders all disclosure San Leon would be required under U.K. securities law or AIM requirements to deliver to its U.K. resident security holders.
Oisin Fanning, Executive Chairman
Directors: O. Fanning (Ireland), P. Thompson (USA), P. Sullivan (Ireland), R. King (UK), J. Boak (USA), J. Buggenhagen (USA), D. Martin (USA)
Company Registration Number: 237825
VAT Number: IE8237825R
Contacts:
San Leon Energy Plc
Oisin Fanning
Executive Chairman
+353 1 291 6292
+353 1 522 9615 (FAX)