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*Adira Energy Ltd. 
Listed Company 

TSX VENTURE COMPANIES:

ADIRA ENERGY LTD. ("ADL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 2014
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2014:

Number of Shares: 1,200,000 shares

Purchase Price: US$0.05 per share

Number of Placees: 1 placee

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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