Mooncor Enters Into Securities Purchase Agreement

Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announced today it has
entered into a securities purchase agreement (the "Agreement") with Pinetree
Capital Ltd. ("Pinetree").


Pursuant to the terms of the Agreement (i) Pinetree has agreed to subscribe for
an aggregate of 10,000,000 units of Mooncor ("Units") at a deemed price of $0.05
per Unit, with each Unit comprised of one common share in the capital of the
Corporation (a "Mooncor Share") and one common share purchase warrant entitling
the holder thereof to acquire one Mooncor Share at a price of $0.10 per Mooncor
Share until the date that is 24 months from the date of issuance, and (ii) the
Corporation has agreed to subscribe for an aggregate of 819,672 common shares in
the capital of Pinetree at a deemed price of $0.61 per share.


The closing of the transaction is scheduled to occur on or about April 1, 2014.
The securities issued under or in connection with the transaction will be
subject to a four (4) month hold period. Completion of the transaction is
subject to a number of conditions, including, without limitation, receipt of all
applicable regulatory and stock exchange approvals.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Mooncor believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Except as required by
law, Mooncor disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or otherwise.


Neither 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: 
Mooncor Oil & Gas Corp.
Allen Lone
Chief Executive Officer
[phone]
[e-mail]