Tuscany Announces Closing of $3.0 Million Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce the closing of its
recently announced financing for aggregate gross proceeds of $3.0 million. 


The Offering was led by Acumen Capital Finance Partners Limited and included
Industrial Alliances Securities Inc. and Richardson GMP Limited. An aggregate of
4,286,000 Units of the Corporation and 3,214,000 common shares of the
Corporation issued on a "flow-through basis" pursuant to the Income Tax Act
(Canada) in respect of Canadian development expenses were issued at a price of
$0.40 per Unit and per flow through share, as applicable. Each Unit is comprised
of one common share and one-half of one common share purchase Warrant of the
Corporation, with each whole Warrant entitling the holder thereof to acquire one
Common Share at a price of $0.50 for a period of 12 months from the date hereof,
provided that if at any time prior to the expiry of the Warrants the 20 day
weighted average trading price of the Common Shares on the TSX Venture Exchange
is $0.70 or greater, the Warrants will expire 30 days from the date Tuscany
gives notice of same to the warrant agent under the indenture governing the
Warrants.


The net proceeds of the Offering will be used to temporarily reduce bank
indebtedness thereby freeing up additional borrowing capacity which is expected
to be used to partially fund the Corporation's ongoing capital expenditure
program, with proceeds from the issuance of the CDE FT Shares used to incur
eligible Canadian development expenditures that will be renounced to subscribers
effective on or before December 31, 2014.


This press release does not constitute an offer to sell or a solicitation of any
offer to buy the Units or CDE FT Shares in the United States. The Common Shares
and Warrants comprising the Units and the CDE FT Shares have not been and will
not be registered under the United States Securities Act of 1933 and may not be
offered or sold in the United States.


Tuscany is a heavy oil development and production company with reserves, land
holdings and production in Canada. The Corporation's principal focus is the
exploitation of oil resources in Alberta and Saskatchewan through horizontal
drilling. The majority of the Corporation's revenue is generated from oil sales
in Saskatchewan. 


ADVISORY: This press release contains forward looking statements. More
particularly, this press release contains statements concerning the anticipated
use of the net proceeds of the Offering. Although Tuscany believes that the
expectations reflected in these forward looking statements are reasonable, undue
reliance should not be placed on them because Tuscany can give no assurance that
they will prove to be correct. Since forward looking statements address future
events and conditions, by their very nature they involve inherent risks and
uncertainties. The intended use of the net proceeds of the Offering by Tuscany
might change if the board of directors of Tuscany determines that it would be in
the best interests of Tuscany to deploy the proceeds for some other purpose.


The forward looking statements contained in this press release are made as of
the date hereof and Tuscany undertakes no obligations to update publicly or
revise any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


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 ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TUSCANY ENERGY LTD.
Robert W. Lamond
Chairman & CEO
[phone]
[phone] (FAX)


TUSCANY ENERGY LTD.
Charles A Teare
Executive Vice President CFO
[phone]
[phone] (FAX)
www.tuscanyenergy.com