MCW Energy Group Issues Bonus Shares and Additional Drawdown of Debenture

MCW Energy Group Limited ("MCW") (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian
holding company involved in fuel distribution and the creation of oil sands
extraction technology, announces that it has agreed to issue each of Dalex
Investments, Inc. and Dalex Holding, Inc., private California company's wholly
owned and controlled by Alex Blyumkin, an officer and director of the
Corporation, 234,981 common shares in consideration for providing collateral to
secure fuel advances of up to US$2,100,000 made by Phillips 66 Company to MCW
Fuels, Inc., a wholly owned subsidiary of MCW. The common shares issued will be
subject to a US restrictive legend as well as a four month statutory and TSX
Venture Exchange (the "Exchange") hold period from the date of issuance. The
issuance is subject to final approval of the Exchange. 


Mr. Blyumkin is an officer and director of MCW thereby making the issuance of
the bonus shares a "related party transaction" as defined under Multilateral
Instrument 61-101 ("MI 61-101"). The issuance was exempt from the formal
valuation approval requirements of MI 61-101 as none of the securities of MCW
are listed on a prescribed stock exchange. The issuance was exempt from the
minority shareholder approval requirements of MI 61-101 as at the time the
transaction was agreed to, neither the fair market value of the transaction, nor
the fair market value of the consideration for, the transaction, insofar as it
involves interested parties, exceeded 25% of MCW's market capitalization.


Following completion of the above noted share issuance MCW will have a total of
46,918,577 common shares issued and outstanding.


In addition, MCW announces a second drawdown of US$657,000 under the secured
convertible debenture for up to a maximum aggregate principal amount of
US$2,000,000 to Alex Blyumkin, an officer and director of MCW, previously
announced on June 25, 20014. The US$657,000 will be convertible into common
shares of MCW at $1.00 per common share. A total of US$1,796,000 of the
US$2,000,000 has now been borrowed by MCW from Mr. Blyumkin under the debenture.


About MCW Energy Group:

MCW is focused on value creation as (i) a distributor of gasoline and diesel
fuels to service stations in Southern California for 75 years, having revenue in
the fiscal year ending August 31, 2011 of US$241.5 million, revenue of US$363.3
million for the fiscal year ending August 31, 2012, and revenue of US$431.9
million for the fiscal year ending August 31, 2013, and (ii) as a developer of
proprietary technology for the extraction of oil from oil sands at its first
field in Asphalt Ridge, Utah, USA. MCW's management team is comprised of
individuals who have extensive knowledge in both conventional and unconventional
oil and gas projects and production, as well as refinery and fuel distribution
experience.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Forward-looking statements in this news release, include, but are not limited to
the commercial viability of the technology and the extraction plant, economic
performance and future plans and objectives of MCW. Any number of important
factors could cause actual results to differ materially from these
forward-looking statements as well as future results. Although MCW believes that
the expectations reflected in forward looking statements are reasonable, they
can give no assurances that the expectations of any forward looking statements
will prove to be correct. Except as required by law, MCW disclaims any intention
and assumes no obligation to update or revise any forward looking statements to
reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward looking
statements or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MCW Energy Group
Paul Davey
Communications
1 [phone] x 3  or Cell: 1 [phone]
[e-mail]
www.mcwenergygroup.com