Marksmen Announces Update on Its Ohio Operations

Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) Marksmen
Energy Inc. ("Marksmen" or the "Company") is pleased to provide an update on its
Ohio operations.


Drilling operations in conjunction with our joint venture partner, Houghton
Investments LLC ("Houghton") began in early May, 2014. In the short time frame
of two months five wells have been drilled. 


The cost to drill each well was budgeted at USD $284,000. The drilling,
completion and equipping costs in Ohio are substantially less than for wells of
equivalent depth in Western Canada. Management believes that the low capital
costs and high netbacks afford the opportunity to payout the capital
expenditures on a well in a relatively short number of days.


Well 1: Strittmatter #1

This well has been drilled, completed and equipped with a pump jack, storage
tanks and other equipment. It has also had water flow lines run to an adjacent
water disposal well. Disposing of water in this way is significantly less
expensive than trucking. This well has been producing for short periods of time
with a temporary power source. Currently the well is now being powered by an
electric power source. Over the last two weeks, the well has been producing
between100 and 125 barrels of fluid per day which includes 20-25 barrels of oil
per day from the Cambrian Knox formation. Marksmen and Houghton are now
conducting engineering and operational optimization to maximize daily oil
production volumes. Marksmen has a working interest of 75% in this well.


Well 2: BJ-78 #6

As previously reported this well was determined to be uneconomic in the Cambrian
Knox target zone. Other oil bearing zones were deemed uneconomic based on
open-hole log analysis and completion attempts will not be made. Marksmen and
Houghton have determined that the well has excellent potential to be a water
disposal well due to a high porosity zone encountered approximately 125 feet
below the targeted zone. A permit application is in progress to convert the well
to a water disposal well which will be tied in to existing project water
handling infrastructure. Management considers this well to be a valuable long
term strategic asset for future field development and costs to convert to a
water disposal well will be under budget. Marksmen has a working interest of 75%
in this well.


Well 3: BJ-78 #11

This well has been drilled and completed in the Cambrian Knox formation and our
engineering work has determined that a large pump jack capable of 250 barrels
per day of fluid production is required. Production tanks are in place and the
flow lines and electric power are in the process of being trenched into place.
The pump jack is now installed and a temporary power source is in place. As
stated previously this well has flowed oil off the casing during a number of 1
hour tests, under its own reservoir pressure, with rates as high as 10 barrels
of oil per hour with no water. Additionally, the well has been pumped
intermittently for periods of time up to 10 hours with a temporary power source
and during these tests has produced an average of 10 barrels of fluid per hour
with a 60-70% water cut or 3-4 barrels of oil per hour. Marksmen and Houghton
are now conducting engineering and operational optimization to maximize daily
oil production volumes. It is expected that the required electrical utility
inspection will take place early this week and the well will be put on 24 hour
per day production by the end of the week. Marksmen has a working interest of
90% in this well.


Well 4: BJ-78 #10

This well has been drilled, completed in the Cambrian Knox formation and tied in
with flow lines and electric power. Production tanks are being installed and the
well is expected to be on production today or tomorrow. This well flowed oil to
surface during both the drilling and completion stages. After completion and
during swabbing of the production casing, the well produced approximately 10-15
barrels of fluid per hour, calculated using casing fill-up between swabbing
runs. Samples of the fluid recovered during swabbing were approximately 25%
water some of which may have been fluids used during drilling and completion.
Marksmen and Houghton are in the process of conducting engineering and
operational optimization to maximize daily oil production volumes. Marksmen has
a working interest of 90% in this well.


Well 5: # 1 Howell-Meier

Marksmen participated in this well in Morrow County on a 50% working interest
basis with Houghton. It was drilled to a total depth in the Cambrian Knox
formation on July 8, 2014. There were good oil and gas shows in an upper zone
but the porosity was lower than required. It was decided by the joint venture
partners to plug and abandon this well. By sharing the risk on this well, the
costs incurred by Marksmen to explore this target were relatively low at
approximately $130,000.


Other Information

Marksmen plans to announce production rates from all the wells once the
engineering and field operation work has been completed to optimize the
production of each well at a stable rate. This information along with other
technical data will also be used to prepare a reserve report in accordance with
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
guidelines.


The Company and its joint venture partner have permitted an additional five
wells within the 3D seismic area and we remain committed to on-going drilling
operations. There are 11 additional prospects within the 3D seismic area that
may be permitted and drilled as the project progresses. 


Mr. Archie Nesbitt, President of Marksmen comments: "We are pleased that the 3D
seismic technology that we have used has been successful in exploiting the oil
producing potential of the area. I personally would like to thank our Ohio based
professional management team led by Mr. Martin Shumway for the drilling success
in the last two months. We continue to be focused on the creation of shareholder
value through drilling and land acquisitions".


Management is currently engaged in acquiring additional lands and anticipates
beginning 3D seismic operations this fall.


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 news release.


This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the Company's
drilling plans and operations. A pressure-transient analysis has not been
completed on any of the wells and all reported test flow rates are preliminary
and are not necessarily indicative of long-term performance or of ultimate
recoveries. All statements included herein, other than statements of historical
fact, are forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such information will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such information. A description of
assumptions used to develop such forward-looking information and a description
of risk factors that may cause actual results to differ materially from
forward-looking information can be found in Marksmen's disclosure documents on
the SEDAR website at www.sedar.com. Marksmen does not undertake to update any
forward-looking information except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marksmen Energy Inc.
Archie Nesbitt
President, Chief Executive Officer and a Director
[phone]
[e-mail]