CDE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA.


Marquee Energy Ltd. ("Marquee") (TSX VENTURE:MQL) is pleased to announce that it
has entered into an agreement with a syndicate of underwriters led by National
Bank Financial Inc. and including Peters & Co. Limited, Acumen Finance Partners
Limited and Desjardins Securities Inc. (collectively, the "Underwriters"),
pursuant to which the Underwriters have agreed to offer, on a "private
placement" guaranteed agency basis, 7,369,000 common shares in the capital of
Marquee ("Common Shares") to be issued on a Canadian Exploration Expense ("CEE")
flow-through basis under the Income Tax Act (Canada) ("CEE Flow Through Shares")
at a price of $0.95 per CEE Flow Through Share and 660,000 Common Shares to be
issued on a Canadian Development Expense ("CDE") flow-through basis under the
Income Tax Act (Canada) ("CDE Flow Through Shares" and together with CEE Flow
Through Shares, the "Offered Shares") at a price of $0.90 per CDE Flow through
Share for an aggregate gross proceeds of approximately $7.6 million (the
"Offering").


The proceeds from the issuance of Offered Shares will be used by Marquee to
incur CEE expenses (the "Qualifying CEE Expenditures") on Marquee's existing
Canadian properties prior to December 31, 2014 and CDE expenses ("Qualifying CDE
Expenditures") on Marquee's existing Canadian properties prior to December 31,
2013 and Marquee will renounce the Qualifying CEE Expenditures and Qualifying
CDE Expenditures to purchasers of the Offered Shares for the fiscal year ended
December 31, 2013. 


The private placement is scheduled to close on or about November 26, 2013 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange. The
Offered Shares will be subject to a 4 month hold period, which is expected to
expire on March 26, 2014.


About Marquee Energy Ltd. 

Marquee Energy Ltd. is a publicly traded Calgary-based growth oriented junior
oil and gas company currently focused on high rate of return oil development and
production. Marquee is committed to growing the company through exploitation of
existing opportunities and continued consolidation within its core area at
Michichi. Additional information about Marquee may be found on its website
www.marquee-energy.com and in its continuous disclosure documents filed with
Canadian securities regulators at www.sedar.com. 


Forward-looking Information Cautionary Statement

This press release contains forward-looking statements. Such forward-looking
statements typically contain statements with words such as "anticipate",
"expect", "intend", "estimate", "propose", or similar words suggesting future
outcomes or statements regarding an outlook. More particularly, this press
release contains statements concerning the completion and terms of the Offering,
the timing thereof and the expected use of proceeds therefrom.


The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Marquee, all or any of which may prove
incorrect, including without limitation: (i) with respect to the anticipated
closing date of the Offering, expectations and assumptions concerning timing of
receipt of required regulatory approvals and the satisfaction of other
conditions to the completion of the Offering (ii) the ability of Marquee to
incur and renounce CEE and CDE eligible expenses, and (iii) with respect to the
remaining forward-looking statements, expectations and assumptions concerning
the success of future drilling and development activities. 


Although Marquee believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Marquee can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the failure to obtain necessary regulatory approvals or
satisfy the conditions to closing of the Offering, risks associated with the oil
and gas industry in general (e.g., operational risks in development, exploration
and production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of reserves
estimates; the uncertainty of estimates and projections relating to production,
costs and expenses; and health, safety and environmental risks), uncertainty as
to the availability of labour and services, commodity price and exchange rate
fluctuations, unexpected adverse weather conditions and changes to existing laws
and regulations. Certain of these risks are set out in more detail in Marquee's
current Annual Information Form, which is available on Marquee's profile on the
System for Electronic Document Analysis and Retrieval ("SEDAR") website at
www.sedar.com and on the Corporation's website at www.marquee-energy.com.


Forward-looking information is based on estimates and opinions of management of
Marquee at the time the information is presented. Marquee may, as considered
necessary in the circumstances, update or revise such forward-looking
information, whether as a result of new information, future events or otherwise,
but Marquee undertakes no obligation to update or revise any forward-looking
information, except as required by applicable securities laws.


Neither the 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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marquee Energy Ltd.
Richard Thompson
President and Chief Executive Officer
403-817-5561
www.marquee-energy.com

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