MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum is
pleased to announce the appointment of Kelly D. Kerr as the Chief Financial
Officer of Magnum. Mr Kerr will be filling the position of Chief Financial
Officer upon the resignation of Ms. Shannon Matthyssen effective November 30,
2012.


Mr. Kerr brings more than 28 years of experience working with various public and
private oil and gas exploration, oil and gas service and electrical energy
companies. It is anticipated that Mr. Kerr will be a valuable addition to
Magnum's management team. His recent involvements have been as Vice President
Finance & CFO with Innova Exploration Inc., TriQuest Energy Inc., MegaWest
Energy Inc., Action Energy Inc. and Almont Energy Inc. In each of these
engagements, Mr. Kerr was responsible for all financial reporting and financial
management activities and he worked closely with the CEOs of each organization
in raising both equity and debt funding for capital and operating programs and
in investor relations management. In connection with is appointment, Mr. Kerr
will receive options to purchase 350,000 common shares of Magnum at a price of
$0.10 per share for a period of five years.


The Board and management of Magnum wish Ms. Matthyssen every continued success
in her new endeavours and thank her for her dedication, tremendous service and
contribution to Magnum as Vice President, Finance and Chief Financial Officer
for the past 41/2 years. Richard Nemeth, President & CEO of Magnum stated:
"Shannon's assistance during the transition period to the new CFO has been
exemplary, and I am personally grateful to her."


About Magnum Energy Inc.

Magnum is a junior oil and gas producer with operations located in the Western
Canadian Sedimentary Basin. The Corporation produces from Viking light oil
operations in Alberta, gas operations in Alberta and maintains a 100% ownership
of the Sedalia gas facility in East-Central Alberta. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Magnum Energy Inc.
Richard Nemeth
President & CEO
604-948-2688
rnemeth@magnumenergyinc.com
www.magnumenergyinc.com