Standby Extension

MAPLE ENERGY PLC

("Maple" or the "Company")

Maple Announces Extension Of

Existing Standby Equity Distribution Agreement ("SEDA")

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, entered into an amendment on 8 February 2012 to extend its SEDA with YA Global Master SPV Ltd ("Yorkville"), an affiliate of Yorkville Advisors LLC, an international investment group headquartered in the United States, effective the 18th of January 2012. For more information on the terms of the SEDA, please see the Company's release dated 5 November 2009.

Under the terms of the amendment, the parties have agreed to extend the term of the SEDA for up to an additional twenty-four (24) months. The remaining terms of the SEDA shall remain substantially similar to the existing terms of the SEDA.

For further information, please contact:

Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President and Executive Director

Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900

Ken Fleming +44 131 220 6939

Mirabaud Securities Ltd (+44 20 7321 2508)

Peter Krens

Rory Scott

Buchanan (+44 20 7466 5000)

Mark Edwards

Ben Romney

Forward-Looking Statements

Statements contained in this document, particularly those regarding possible, projected, or assumed future performance and results, including growth outlook, forecasted economics, operations, production, contracting, costs, prices, earnings, returns, and potential growth, are or may include forward looking statements. Such statements relate to future events and expectations and as such involve known and unknown risks and uncertainties. These risks and uncertainties include, among other things, market conditions, weather risks, economic and political risks, and other factors discussed in Maple's Admission Document available on the Company's website (www.maple-energy.com). Forward-looking statements are not guarantees of future performance or an assurance that Maple's current assumptions and projections are valid. Actual results, actions, and developments may differ materially from those expressed or implied by those forward looking statements depending on a variety of factors. Furthermore, any forward looking statements presented are expressed in good faith and are believed to have a reasonable basis as of the date of this release. These forward looking statements speak only as at the date of this release, and Maple does not assume any obligation to update any forward looking statements, whether as a result of new information, future events, or otherwise.