Tuscany Announces Filing of Preliminary Prospectus and $2.5 Million Offering

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

Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) announces
that it has filed and received a receipt for a preliminary short form prospectus
in connection with a public offering of up to 6,250,000 units ("Units") and
common shares of the Corporation to be issued on a flow-through basis in respect
of Canadian development expenses (the "CDE FT Shares") at a price of $0.40 per
Unit or CDE FT Share, as applicable, for aggregate gross proceeds of up to $2.5
million (the "Offering"). Each Unit is comprised of one common share ("Common
Share") and one-half of one common share purchase warrant ("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 closing of the
Offering, 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 (the "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 Offering will be conducted by a syndicate of agents led by Acumen Capital
Finance Partners Limited and including Industrial Alliance Securities Inc. and
Richardson GMP Limited (collectively, the "Agents"). Tuscany has also granted
the Agents an over-allotment option to purchase or sell up to an additional
937,500 Units and Flow-Through Shares on the same basis as the Offering for
additional gross proceeds of up to $375,000. The option is exercisable at any
time on or before the date that is 30 days following the closing of the
Offering.


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.


The Offering is being conducted in the provinces of Alberta, British Columbia,
Saskatchewan and Ontario by way of short form prospectus and is expected to
close on or about July 17, 2014. Closing of the Offering is subject to certain
customary conditions, including the receipt of all necessary regulatory and
stock exchange approvals including that of the Exchange and all applicable
securities regulatory authorities.


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 U.S. Securities Act 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 Company's principal focus is the
exploitation of oil resources in Alberta and Saskatchewan through horizontal
drilling. The majority of the Company's revenue is generated from oil sales in
Saskatchewan. The proceeds of the private placement will be used in Tuscany's
development drilling program in Saskatchewan.


ADVISORY: This press release contains forward looking statements. More
particularly, this press release contains statements concerning the anticipated
closing date of the Offering and 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 closing
of the Offering could be delayed if Tuscany is not able to obtain the necessary
regulatory and stock exchange approvals on the timelines it has planned. The
Offering will not be completed at all if these approvals are not obtained or
some other condition to the closing is not satisfied. Accordingly, there is a
risk that the Offering will not be completed within the anticipated time or at
all. 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


Tuscany Energy Ltd.
Charles A Teare
Executive Vice President CFO
[phone]
[phone] (FAX)
www.tuscanyenergy.com