Madison Energy Files Its Annual Audited Financial Statements and Statement of Reserve Data

Madison Energy Corp. (TSX VENTURE:MDC) ("Madison" or the "Company") today filed
with the securities regulatory authorities in Canada its statement of reserves
data for the year ended December 31, 2008 ("Statement of Reserves Data"), which
includes the disclosure and reports relating to reserves data and other oil and
gas information. The information is filed along with the Audited Annual
Financials and MD&A on the System for Electronic Document Analysis and Retrieval
("SEDAR"). Also filed on SEDAR in conjunction with this press release, Form
51-101F2 Report on Reserves Data by FEKETE Associates Inc. and Form 51-101F3
Report of Management and Directors on Reserves Data and Other Information.


This filing is available for review at www.sedar.com.

Madison is a Canadian oil exploration and development company headquartered in
Calgary, Alberta, Canada. Madison's objective is to create value for its
shareholders through the discovery, and development of oil and gas reserves.
Madison is currently focused on opportunities in Saskatchewan and Manitoba and
has production operations in Alberta and Saskatchewan. Madison is listed on the
TSX Venture exchange under the symbol "MDC".