Magnum Energy Inc. Announces Extension to Closing Date of Provost Transaction

CALGARY, ALBERTA--(Marketwired - Apr 1, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX-VENTURE:MEN) Magnum announces an April 22, 2014 extension to the closing date 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. The effective date has also been amended to March 31, 2014.

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.

Magnum Energy Inc.Richard NemethPresident & CEO604.948.2688rnemeth@magnumenergyinc.com

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