MENA Hydrocarbons Announces Corporate Update

MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) today
announced the resignation of Mr. Kelsey Clark as Corporate Secretary of MENA
effective June 29, 2013, and the appointment of Mr. Jason Bednar as Corporate
Secretary of the Company. MENA thanks Mr. Clark for his service and contribution
to the Company.


The Company was unable to call and hold its shareholder meeting by June 30,
2013. The board of directors of the Company has now called its annual and
special meeting of shareholders to be held on Thursday, August 29, 2013. The
record date for notice and voting at the meeting is July 26, 2013. Further
details concerning the shareholder meeting will be announced in due course. 


The board of directors is continuing with its process to identify, examine and
consider strategic alternatives with the view to enhancing shareholder value.
Strategic alternatives may include, but are not limited to, sale of the
corporation, merger or other business combination, recapitalization, sale of all
or a portion of the Company's assets, or any combination thereof. At this time,
the board of directors has decided not to establish a special committee or
retain a financial advisor to assist it with this process but may revisit making
such appointments in the future depending on the circumstances at the time. It
is the Company's current intention not to disclose developments with respect to
the strategic review process until the board of directors has approved a
specific transaction or otherwise determines that disclosure is necessary or
appropriate. The Company cautions that there are no assurances or guarantees
that the process will result in a transaction or, if a transaction is
undertaken, the terms or timing of such a transaction. The Company has not yet
set a definite schedule to complete its evaluation or process.


About MENA Hydrocarbons 

MENA Hydrocarbons is an international oil and gas company focused on growing an
asset base of production, development and high impact exploration in the Middle
East and North Africa region. In Egypt, MENA owns and operates the development
lease for the Lagia oil field, a 32 square kilometre onshore block located on
the Sinai Peninsula, directly adjacent to the Gulf of Suez. In Syria, MENA owns
a 30% participating interest in Block 9 in Syria, a 10,032 square kilometre
onshore block prospective for crude oil, natural gas and condensate. In the
United States, MENA owns 6,242 gross acres (with an 81.2% average working
interest) in Northwestern Montana with light/medium oil reserves. MENA's shares
currently trade on the TSX Venture Exchange under the symbol "MNH".


Forward looking information

This news release contains forward-looking information relating to the
appointment of a special committee and retaining a financial advisor to assist
the board of directors with its strategic review process, holding of the
shareholder meeting and other statements that are not historical facts. Such
forward-looking information is subject to important risks, uncertainties and
assumptions. The results or events predicated in this forward-looking
information may differ materially from actual results or events. As a result,
you are cautioned not to place undue reliance on these forward-looking
information. 


Forward-looking information is based on certain factors and assumptions
regarding, among other things, the Company maintaining its stock exchange
listing; the availability of capital on acceptable terms or at all and the
timing such capital is needed; the impact of increasing competition; the general
stability of the economic and political environments in which the Company
operates or owns interests; the timely receipt of any required regulatory
approvals; the ability of the Company to obtain qualified staff, equipment and
services in a timely and cost efficient manner; drilling results; the ability of
the operator of the projects which the Company has an interest in to operate the
field in a safe, efficient and effective manner; the ability of the Company to
obtain financing on acceptable terms; field production rates and decline rates;
the ability to replace and expand oil and natural gas reserves through
acquisition, development of exploration; the timing and costs of pipeline,
storage and facility construction and expansion and the ability of the Company
to secure adequate product transportation; future oil and natural gas prices;
currency, exchange and interest rates; the regulatory framework regarding
royalties, taxes and environmental matters in the jurisdictions in which the
Company operates; and the ability of the Company to successfully market its oil
and natural gas products, and other similar matters. While the Company considers
these assumptions to be reasonable based on information currently available to
it, they may prove to be incorrect. 


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with the Company's
ability to successfully maintain its stock exchange listing, the availability of
capital on acceptable terms or at all and the timing such capital is needed,
instability of the economic and political environments in which the Company
operates or owns interests, oil and gas exploration, development, exploitation,
production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, incorrect assessment of the value of
acquisitions, the inability to settle the definitive terms of the farmout
arrangements, failure to realize the anticipated benefits of acquisitions,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources,
reliance on key personnel, regulatory risks and delays, including risks relating
to the acquisition of necessary licenses and permits, environmental risks and
insurance risks. 


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Company may elect
to, the Company is under no obligation and does not undertake to update this
information at any particular time, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MENA Hydrocarbons Inc.
Magdy Bassaly, President & Chief Executive Officer
Jason Bednar
Vice President, Finance
Chief Financial Officer and Corporate Secretary
[e-mail]


MENA Hydrocarbons Inc.
Bow Valley Square 4
3100, 250 - 6 Avenue SW
Calgary, AB
T2P 3H7
www.menahydrocarbons.com