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*Adira Energy Ltd. 
Listed Company 

TSX VENTURE COMPANIES:

ADIRA ENERGY LTD. ("ADL")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 12, 2013
TSX Venture Tier 2 Company

The Company has consolidated its capital on a 3 old for 1 new basis. The name of the Company has not been changed.

Effective at the opening, Tuesday, August 13, 2013, the shares of Adira Energy Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Oil & Gas Exploration' company.

Post - Consolidation
Capitalization: Unlimited shares with no par value of which
60,260,318 shares are issued and outstanding
Escrow 2,861,567 shares are subject to escrow

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: ADL (UNCHANGED)
CUSIP Number: 00687U608 (NEW)
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