Magnum Engages Investor Relations Consultant and Grants Options

MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum is
pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc.
(the "Consultant") to provide investor relations and corporate finance services
to Magnum effective June 1, 2013. 


In connection with the engagement, Magnum has entered into a consulting
agreement with the Consultant pursuant to which the Consultant shall be paid US
$4,500 per month until August 31, 2013 and US $6,000 per month commencing on
September 1, 2013. After August 31, 2013, the contract is terminable upon 30
days written notice by either party. Pursuant to the consulting agreement,
Magnum has granted 200,000 stock options to the Consultant exercisable into
common shares at an exercise price of $0.10. The options shall vest as to 25% on
June 1, 2013 and 25% every three months thereafter. The granting of the options
is subject to the approval of the TSX Venture Exchange. 


About the Consultant 

Torrey Hills Capital Inc. of Del Mar California is a leading investor and
financial public relations firm specializing in small and microcap companies,
primarily in the natural resource sector. Cliff Mastricola is the principal of
Torrey Hills Capital and will be responsible for the activities related to
Magnum Energy Inc. 


Torrey Hills Capital will increase awareness of Magnum Energy Inc. through
presentation meetings with investment professionals, investment advisers and
money managers focused on the microcap market space. 


Torrey Hills Capital will also profile Magnum Energy Inc. on its website,
www.babybulls.com, which showcases and provides exposure for emerging microcap
companies to an audience of proven microcap investors. 


Torrey Hills Capital currently has no direct or indirect interest in the
securities of Magnum Energy Inc., or any right or intent to acquire such an
interest except pursuant to the exercise of the above referenced options. The
appointment of Torrey Hills Capital as an investor relations consultant of
Magnum Energy Inc. and the granting of options remain subject to regulatory
acceptance of applicable filings with the TSX Venture Exchange. 


About Magnum Energy Inc.

Magnum is a junior oil and gas producer with operations located in the Western
Canadian Sedimentary Basin. The Corporation produces from Viking oil operations
in Alberta, gas operations in Alberta and maintains a 100% ownership of the
Sedalia gas facility in East-Central Alberta. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Magnum Energy Inc.
Richard Nemeth
President & CEO
604.948-2688
[e-mail]
www.magnumenergyinc.com