Posting of Circular and Notice of Shareholder Meeting

CALGARY, Alberta, September 9, 2013 /PRNewswire/ --

Caracal Energy Inc. ("Caracal" or the "Company"), announces that a notice of shareholder meeting ("Notice") and circular ("Circular" collectively the "Meeting Materials") were sent to shareholders giving notice that a special meeting (the "Meeting") will be held on October 3, 2013 in Calgary, Alberta.

At the Meeting, shareholders will be asked to vote on resolutions to allow the Company to:

    1) amend its articles of incorporation to include a provision that it will
       adhere to the general principles of the UK's City Code on Takeover and
       Mergers to the extent reasonably practicable, which is a requirement of
       Caracal being allocated a UK classification for FTSE UK index series
       inclusion (as previously announced); and

    2) set annual authorization amounts for the allotment of equity securities
       and dis-application of pre-emption rights in accordance with UK
       corporate governance guidelines and make certain amendments to
       provisions in its articles of incorporation concerning such allotment
       of equity securities and pre-emption rights.

The Meeting Materials were submitted to the Financial Conduct Authority's National Storage Mechanism and will be available for inspection online at http://www.morningstar.co.uk/NSM.

Copies of the Meeting Materials will also be made available on the Company's website at http://www.caracalenergy.com and on SEDAR at http://www.sedar.com.

About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company acquired three production sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with development opportunity, oil discoveries, and numerous exploration prospects.

For further information:

Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
+1-403-724-7200
Longview Communications - Canadian Media Enquiries
Alan Bayless +1-604-694-6035
Joel Shaffer +1-416-649-8006
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+44(0)207-8313-3113
caracalenergy.sc@fticonsulting.com