Tuscany Reports Increased Production, Revenues and Cash Flow for 2013

Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report improved operating
results for 2013, with especially positive results for the last quarter ended
December 31, 2013. Increased production volumes, revenues and cash flow resulted
from the acquisition of Diaz Resources Ltd, effective July 15, 2013, and the
drilling of heavy oil development wells during the last half of the year.




Corporate Summary                                                           
                                                                            
                                  Three months ended             Year ended 
                                         December 31            December 31 
                                    2013        2012       2013        2012 
----------------------------------------------------------------------------
($ Thousands, unless                                                        
 otherwise indicated)                                                       
Financial                                                                   
  Revenue, net of royalties   $    2,982  $    1,703 $    9,590  $    7,462 
  Cash flow from operations                                                 
   (i)                             1,309         796      3,387       2,737 
    per share, diluted              0.07        0.05       0.20        0.18 
  Net earnings (loss)             (2,012)        103     (2,973)       (361)
    per share, diluted             -0.11        0.01      -0.18       -0.02 
  Capital: expenditures            1,098         511      5,034       4,747 
    dispositions                      60         255         79         701 
  Net capital expenditures         1,038         256      4,955       4,046 
  Acquisition of Diaz                  -           -     10,673           - 
  Working capital (net debt)                                                
   (i)                            (7,423)        380     (7,423)        380 
  Total assets                    34,317      24,178     34,317      24,178 
  Total shares outstanding at                                               
   period end                     19,332      15,365     19,332      15,365 
Operations                                                                  
  Production                                                                
    Oil (Bopd)                       536         325        382         334 
    Gas (Mcfd)                       995         284        578         118 
    BOEd (6 Mcf = 1 Bbl)             702         372        478         354 
  Product Prices                                                            
    Oil ($/Bbl)               $    61.06      $61.84 $    68.14      $65.33 
    Gas ($/Mcf)               $     3.14       $2.68 $     2.73       $2.48 
Reserves (proved plus probable, forecast costs and                          
 prices)                                                     2013       2012
----------------------------------------------------------------------------
Gas (MMcf)                                                1,589.8      210.2
Oil (MBbl)                                                1,988.5    1,484.9
----------------------------------------------------------------------------
BOE (Thousands)                                           2,253.6    1,520.0
----------------------------------------------------------------------------
Net present value of future net revenue, before tax,                        
discounted at 10% ($ millions)                         $     39.3 $     29.1
----------------------------------------------------------------------------
                                                                            
Undeveloped land holdings (net acres)                                       
  Alberta                                                  51,302      9,793
  Saskatchewan                                             23,467     10,684
----------------------------------------------------------------------------
Total net acreage                                          74,769     20,477
----------------------------------------------------------------------------
                                                                            
(i)Non-GAAP measures.                                                       



Tuscany reduced its net debt from $8.1 million at the end of the third quarter
of 2013, to $7.4 million at December 31, 2013.


The Company plans an increased heavy oil development program through 2014, with
an active program of development wells at Macklin and Evesham, Saskatchewan as
well as initial wells on two of the Company's additional low risk heavy oil
prospects.


Tuscany plans to propose a two for one share split of the Company's common
shares at its upcoming annual general meeting to be held on April 30, 2013.


The Company's annual report, MD&A and financial statements for the year ended
December 31, 2013 have been filed on Tuscany's SEDAR profile at www.sedar.com
and are available on Tuscany's web site www.tuscanyenergy.com


Detailed reserve information is contained in Tuscany's Statement of Reserves
Data and Other Oil and Gas Information for the year ended December 31, 2013,
which is available on Tuscany's SEDAR profile at www.sedar.com. It should not be
assumed that the estimates of net present value of future net revenue presented
above represent the fair market value of the reserves, as there is no assurance
that the forecast prices and costs assumptions contained therein will be
attained and variances could be material


ADVISORY: This news release contains certain forward-looking information and
statements within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "may", "will",
"project", "should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information or statements. In particular,
but without limiting the forgoing, this news release contains forward-looking
information and statements pertaining to the following: the volumes and
estimated net present value of Tuscany's oil and gas reserves; and Tuscany's
drilling plans.


The estimates of Tuscany's reserves and the net present value of the future net
revenue attributable thereto provided herein are estimates only and there is no
guarantee that the estimated reserves will be recovered or that the forecast
prices and costs assumptions such estimates are based upon will be attained. In
addition, forward-looking statements or information are based on a number of
material factors, expectations or assumptions of Tuscany which have been used to
develop such statements and information but which may prove to be incorrect.
Although Tuscany believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue reliance should
not be placed on forward- looking statements because Tuscany can give no
assurance that such expectations will prove to be correct. In addition to other
factors and assumptions which may be identified herein, assumptions have been
made regarding, among other things: that Tuscany will continue to conduct its
operations in a manner consistent with past operations; results from drilling
and development activities; the continued and timely development of
infrastructure in areas of new production; the accuracy of the estimates of
Tuscany's reserve volumes; continued availability of debt and equity financing
and cash flow to fund Tuscany's current and future plans and expenditures; the
impact of increasing competition; the general stability of the economic and
political environment in which Tuscany operates; the general continuance of
current industry conditions; the timely receipt of any required regulatory
approvals; the ability of Tuscany to obtain qualified staff, equipment and
services in a timely and cost efficient manner; drilling results; the ability of
the operator of the projects in which Tuscany has an interest in to operate the
field in a safe, efficient and effective manner; the ability of Tuscany to
obtain financing on acceptable terms; future commodity prices; currency,
exchange and interest rates; regulatory framework regarding royalties, taxes and
environmental matters in the jurisdictions in which Tuscany operates; and the
ability of Tuscany to successfully market its oil and natural gas products.


The forward-looking information and statements included in this news release are
not guarantees of future performance and should not be unduly relied upon. Such
information and statement, including the assumptions made in respect thereof,
involve known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated in such
forward-looking information or statements including, without limitation: changes
in commodity prices; changes in the demand for or supply of Tuscany's products;
unanticipated operating results or production declines; changes in tax or
environmental laws, royalty rates or other regulatory matters; changes in
development plans of Tuscany or by third party operators of Tuscany's
properties, increased debt levels or debt service requirements; inaccurate
estimation of Tuscany's oil and gas reserve volumes; limited, unfavourable or a
lack of access to capital markets; increased costs; a lack of adequate insurance
coverage; the impact of competitors; and certain other risks detailed from
time-to-time in Tuscany's public disclosure documents, (including, without
limitation, those risks identified in this news release). Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.


Where amounts are expressed on a barrel of oil equivalent (BOE) basis, natural
gas volumes have been converted to barrels of oil on the basis of six thousand
cubic feet (mcf) per barrel (bbl). BOE figures may be misleading, particularly
if used in isolation. A BOE conversion of six thousand cubic feet per barrel is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead. Given
that the value ratio based on the current price of crude oil as compared to
natural gas is significantly different from the energy equivalency of 6 mcf: 1
bbl, using a conversion on a 6 mcf: 1 bbl basis may be misleading as an
indication of value. References to oil in this discussion include crude oil and
natural gas liquids (NGLs).


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
President & CEO
[phone]
[phone] (FAX)


TUSCANY ENERGY LTD.
Donald K. Clark
Vice President Operations
[phone]
[phone] (FAX)
www.tuscanyenergy.com