MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) announces
that closing of the previously announced transaction with Artisan Energy
Corporation ("Artisan") to sell Magnum's 50% working interest in the Provost
area of Alberta (the "Provost Asset") for proceeds of $5.6 million has been
deferred from February 14 to March 14, 2014. In recognition of this, the
effective date of the transaction has also moved from December 31, 2013 to
January 31, 2014. All other terms and conditions remain the same.


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