Xinergy Ltd. Announces Election of Directors

KNOXVILLE, TENNESSEE--(Marketwired - May 23, 2013) - Xinergy Ltd. (TSX:XRG) ("Xinergy" or the "Company"), a Central Appalachian coal producer, today announced that the nominees listed in the management proxy circular for the 2013 Annual and Special Meeting of Shareholders ("Annual Meeting") were elected as directors of Xinergy. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in Toronto are set out below.

In addition, the resolutions with respect to the appointment of the Auditors, the approval of the issuance of an aggregate of 264,085 options to purchase common shares of the Company to Michael Castle, the approval of the issuance of an aggregate of 316,901 options to purchase common shares of the Company to Gregory L. 'Bernie' Mason, the approval of the issuance of an aggregate of 150,000 options to purchase common shares of the Company to Jack Hagewood and the adoption of an amendment to the Company's Amended 2010 Stock Incentive Plan, as further described in the Company management information circular dated April 18, 2013 (the "Circular"), were passed at the Annual Meeting. The resolutions with respect to the approval of the issuance of an aggregate of 235,566 options to purchase common shares of the Company to Matthew Goldfarb in connection with his appointment to the position of Chief Executive Officer of the Company and the approval of the issuance of an aggregate of 316,901 options to purchase common shares of the Company to Matthew Goldfarb, as further described in the Circular, were defeated at the Annual Meeting. For additional details on the voting results with respect to these matters please refer to the Report of Voting Results of the Company which is filed on SEDAR at www.sedar.com.

About Xinergy Ltd.

Headquartered in Knoxville, Tennessee, Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in eastern Kentucky, West Virginia and Virginia. Xinergy sells high quality thermal and metallurgical coal to electric utilities, steelmakers, energy trading firms and industrial companies. For more information, please visit www.xinergycorp.com.