Adira Energy Announces Filing of Final Public Prospectus with the Israeli Securities Authority and Appointment of Independent

Adira Energy Announces Filing of Final Public Prospectus with the Israeli 
Securities Authority and Appointment of Independent Israeli Director 
(FRANKFURT: AORLB8). Adira Energy Ltd. ("Adira" or the "Company") is pleased 
to announce that it has filed a final prospectus (the "Prospectus") with the 
Israeli Securities Authority (the "ISA") in connection with its previously 
announced application to list the Company's securities on the Tel Aviv Stock 
Exchange (the "Listing"). 
In connection with the Listing, the Company will conduct a fully marketed 
offering of units (the "Units") in Israel, for aggregate gross proceeds of a 
maximum of up to $10,320,000 (the "Offering"). Each Unit is comprised of a 
combination of common shares of the Company (the "Common Shares") and warrants 
equivalent to two Common Shares, one short-term common share purchase warrant 
(a "Series 1 Warrant") and one long-term common share purchase warrant (a 
"Series 2 Warrant"). 
The final offering pricing and warrant exercise prices will be determined 
based on a Dutch auction process (the "Auction"), to be conducted in 
accordance with Israeli securities law. The minimum price per Common Share 
comprising the Unit set for the opening of the Auction is 0.50 New Israeli 
Shekels ("NIS") (CAD$0.129). Each Series 1 Warrant will be exercisable to 
acquire one common share of the Company (a "Warrant Share") at a minimum price 
of NIS0.50 (CAD$0.129) for a period of 18 months after the closing of the 
Offering. Each Series 2 Warrant will be exercisable to acquire one Warrant 
Share at a minimum price of NIS0.55 (CAD$0.14), for a period of 36 months 
after the closing of the Offering. No binding agreements of purchase and sale 
will be entered into until a final short form prospectus is filed in Canada 
disclosing the final pricing and deal size, and a receipt is issued for the 
final short form prospectus by the Ontario Securities Commission. 
The Company intends to use the net proceeds of the Offering to complete the 
drilling of the first well on the Gabriella license, and to continue the 
exploration and development activities on the Yitzhak and Samuel offshore 
The completion of the Offering is subject to approval by the ISA, the Tel Aviv 
Stock Exchange, the TSX Venture Exchange and the Canadian securities 
Appointment of Ms. Leitman to Board of Directors 
Effective immediately, the Board of Adira (the "Board") further announces the 
appointment Ms. Orit Lietman to the Board as an independent Israeli director, 
as defined under Israeli Companies Law. 
About Ms. Orit Leitman 
Ms. Leitman has more than 25 years' experience in both managerial and director 
roles of Israeli and international companies spanning various industries. Ms. 
Leitman is currently serving as an external Independent Director of 
AfricaIsrael Industries Ltd., an Israel-based company specialized in the 
processing of steel, ceramic and plastic products, and a Director of Modelim 
Kranot Neemanut, a mutual funds management company. Since 2008, Ms. Leitman 
served as an external Director of Carmel Container System Ltd. ("CCS") one of 
Israel's leading packaging companies. Previous to CCS, Ms. Leitman served as 
an external director of Scopus Ltd. a company that develops, markets, and 
supports digital video networking solutions. Ms. Leitman also served as an 
independent Director of Nur Macroprinters Ltd, a leading supplier of 
UV-curable and solvent inkjet printers, which was acquired by Hewlett-Packard 
Company. Ms. Leitman's extensive managerial experience includes working as 
Corporate Vice-President, Finance at Paradigm Geophysical Ltd. and Corporate 
Treasurer at Scitex Corp Ltd. 
Ms. Leitman received a BA in Economics and Executive Master of Business 
Administration from Tel Aviv University. 
About Adira Energy Ltd. 
Adira Energy Ltd. is an oil and gas company which is focused in the eastern 
Mediterranean. The Company has three petroleum exploration licenses offshore 
Israel; the Gabriella, Yitzhak and Samuel Licenses. These licenses are located 
respectively 10 km offshore between Netanya and Ashdod, 9 km offshore between 
Hadera and Netanya and adjacent to the coast between Ashkelon and Bat-Yam. 
Forward-Looking Statement Disclaimer 
This press release includes certain statements that may be deemed 
"forward-looking statements". All statements in this press release, other than 
statements of historical facts are forward-looking statements. Although the 
Company believes the expectations expressed in such forward-looking statements 
are based on reasonable assumptions, such statements are not guarantees of 
future performance, and actual results or developments may differ materially 
from those in the forward-looking statements. Forward-looking statements are 
based on the Company's internal projections, estimated or beliefs, concerning, 
among other things an outlook on the estimated amounts and timing of 
exploration work and capital expenditures or other expectation, beliefs, 
plans, objectives, assumption, intentions or statements about future events or 
performance, which are considered by management to be reasonable at the time 
made. Actual events or results may differ materially. Although the Company 
believes that the expectations reflected in the statements are reasonable, it 
cannot guarantee future results since such results are inherently subject to 
significant business, economic, corporate, political and social uncertainties 
and contingencies. Many factors cause the Company's actual results to differ 
materially from those expressed or implied in any forward looking statements 
made by, or on behalf of, the Company and the foregoing stated factors are not 
exhaustive. The statements contained herein are made as of the date hereof and 
the Company disclaims any intent or obligation to update publicly any forward 
looking statements, whether as a result of new information, future events or 
results or otherwise, except as required by applicable law. Company 
shareholders and potential investors should carefully consider the information 
contained in the Company's filing with Canadian securities administrators at before making investment decisions with regard to the Company. 
Neither the 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. 
Canada Alan Friedman Exec. Vice President +1 416 
250 1955 
Julia Maxwell Manager, Investor Relations +1 416 361 
Israel Irit Radia Corp. Dev. Arad Communications 
+972-3-7693333 or +972-54-6699311 
SOURCE: Adira Energy Ltd. 
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CO: Adira Energy Ltd.
ST: Ontario
-0- Nov/29/2012 18:39 GMT
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