Magnum Energy Inc. Issues Shares

CALGARY, ALBERTA–(Marketwired – Nov. 1, 2013) – MAGNUM ENERGY INC. (TSX VENTURE:MEN) (“Magnum” or the “Corporation”) –

Magnum is pleased to announce that it has received the approval from the TSX Venture Exchange for the issuance of the previously announced 8,198,664 common shares at $0.10 per common share to certain trade creditors in exchange for trade accounts payable in the total amount of $819,866.40. Magnum has issued 8,198,664 common shares with an effective date of August 31, 2013. The shares have been issued with a four month trading restriction ending on December 31, 2013.

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.