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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

Primeline Files Annual Accounts and Updates Reserve Report

Marketwired

HONG KONG, CHINA--(Marketwired - July 30, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE UNITED STATES

Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) today announced that it has filed its annual accounts relating to its financial year ended March 31, 2014 together with its Annual Information Form ("AIF").

The financial disclosure and reports include management discussion and analysts ("MDA"), financial information, audited accounts for the financial year ending March 2014. The AIF contains updated oil and gas information required under National Instrument 51-101 and a summary of an updated reserves report from an independent engineering auditor McDaniel and Associates Consultants Ltd. ("McDaniel"). Copies of these documents may be obtained via www.SEDAR.com or on the Primeline's website at www.pehi.com.

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About Primeline Energy Holdings Inc.

Primeline is an exploration and development company focusing exclusively on China resources to become a major supplier of gas and oil to the East China market. Primeline has a 75% Contractor's interest in and is the operator of the petroleum contract with CNOOC for Block 33/07 (5,877sq km) in the East China Sea and a 36.75% interest in the LS36-1 gas field in Block 25/34 which is being developed by CNOOC Limited (acting as Operator for the development) together with Primeline and Primeline Petroleum Corporation. Shares of Primeline are listed for trading on the TSX Venture Exchange under the symbol PEH.

ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.

Ming Wang, Chief Executive Officer

Please visit the Company's website at www.pehi.com should you wish to receive Company news via email, please email robin@chfir.com and specify "Primeline Energy" in the subject line.

Exploration for oil and gas is subject to the inherent risk that it will not result in a commercial discovery.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.