MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum is
pleased to announce that it has reached agreements with certain trade creditors
to receive Magnum common shares issued from treasury at $0.10 per share in
exchange for trade accounts payable in the total amount of $819,866.40. Magnum
will issue 8,198,664 common shares with an effective date of August 31, 2013.
The shares will be issued with a four month trading restriction ending on
December 31, 2013.


This transaction is subject to the approval of the TSX Venture Exchange and the
Alberta Securities Commission.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Magnum Energy Inc.
Richard Nemeth
President & CEO
604.948-2688
rnemeth@magnumenergyinc.com
www.magnumenergyinc.com