MENA Hydrocarbons Announces Negotiations for Sale or Merger and Determines to Not Proceed With Share Consolidation

MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) is pleased to
announce the following corporate update. 


Mena has entered into non-binding negotiations on a potential sale or merger
with arm's length publicly listed International oil and gas company with respect
to its assets in Egypt where Mena owns 100 percent of the Lagia field.  


Consistent with its fiduciary duties and in consultation with its advisors, MENA
is considering and evaluating the proposal. There can be no assurance that a
formal offer or a transaction will result from this proposal. 


Furthermore, the Company has determined that it will not proceed to obtain
shareholder approval to consolidate its shares at this time and will not be
proceeding as originally outlined in March 2014.


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 kilometer 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 kilometer
onshore block prospective for crude oil, natural gas and condensate. 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
negotiations and the consolidation. 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 subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. 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.


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 adequate or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MENA Hydrocarbons Inc.
Magdy Bassaly
President and Chief Executive Officer
[phone] or Cell 2 01 222 101582
[e-mail]
www.menahydrocarbons.com


MENA Hydrocarbons Inc.
5 Hassan Hafez Street
Saraia Elqoba, Cairo Egypt