Claren Energy Corp.

Will complete non-brokered private placement of 25 million common units priced at eight cents each. Of the gross proceeds, CA$1 million will go toward clients of Haywood Securities Inc. Units comprised of one common share and one common share purchase warrant. Insiders will likely purchase 6.25 million units for gross proceeds of C$500,000. Any purchases by insiders will be considered related-party transactions subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Proceeds will help carry out the Phase 2 work program on the Bobocu license onshore Romania and will also support working capital. Closing is subject to TSX Venture Exchange approval.