MGM Energy Corp. Announces Resignation of Director

CALGARY, ALBERTA–(Marketwired – July 30, 2013) – MGM Energy Corp. (TSX:MGX) (“MGM Energy” or the “Company”) announces that Robert (Bob) Rooney resigned from the Company’s Board of Directors as of July 29, 2013.

Mr. Rooney has been a director of the Company since its formation in January 2007 and has provided the Company with tremendous support and guidance during his tenure. The Company would like to thank Mr. Rooney for his contributions as a member of the Board of Directors and wish him all the best in the future.

MGM Energy is a Canadian oil and natural gas exploration and development company active in Northern Canada. MGM Energy’s common shares are listed on the Toronto Stock Exchange under the symbol “MGX”.

Certain statements or information included in this press release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Although MGM Energy believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because MGM Energy can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by MGM Energy and described in the forward-looking statements or information. The forward-looking statements or information contained in this document are made as of the date hereof and MGM Energy undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.