Margaux Resources Ltd. Proposes Approval of Share Consolidation

Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Corporation")
announces that at the special meeting of shareholders of the Corporation
("Shareholders") to be held on August 23, 2013 (the "Meeting"), Shareholders
will be asked to consider and approve a potential consolidation of the issued
and outstanding common shares of the Corporation ("Common Shares") on a basis of
up to 10 pre-consolidation shares for each post-consolidation share, or such
lesser ratio that the board of directors of the Corporation (the "Board"), in
their sole discretion, may determine to be appropriate (the "Consolidation"). 


Although approval for a potential Consolidation is being sought at the Meeting,
such a Consolidation would only become effective at a date in the future if the
Board considers it to be in the best interests of the Corporation to implement
such a Consolidation. The Corporation believes that a future Consolidation may
enhance the marketability of the Common Shares as an investment and may
facilitate future financings, as the Corporation is subject to the TSX Venture
Exchange ("TSXV") minimum pricing rules for financings. The special resolution
will authorize the Board to elect not to proceed with the Consolidation if the
Consolidation is not deemed to be in the best interests of the Corporation. The
Consolidation is subject to Shareholder approval at the upcoming Meeting and to
TSXV acceptance.


Assuming a consolidation ratio of 10 pre-Consolidation Common Shares for each
post-Consolidation Common Share (the Board being permitted to consolidate on a
lesser ratio in their sole discretion), the Consolidation would result in the
52,779,057 pre-Consolidation Common Shares that are currently outstanding being
reduced to approximately 5,277,906 post-Consolidation Common Shares.


The name of the Corporation will not be changed in conjunction with the
Consolidation. 


About Margaux Resources Ltd.: Margaux is based in Calgary, Alberta and a
publicly traded oil and gas exploration and production company. The focus is on
exploration and development of Western Canadian Sedimentary Basin based oil and
gas properties. 


Forward-Looking Statements: 

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 statements concerning the
anticipated timing for the completion of the Consolidation.


Forward-looking statements are based on a number of material factors,
expectations or assumptions of Margaux which have been used to develop such
statements but which may prove to be incorrect. Although Margaux believes that
the expectations reflected in these forward-looking statements are reasonable,
undue reliance should not be placed on them because Margaux 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 anticipated trading date of the Corporation's
common shares under its new name and new symbol maybe be delayed if final
regulatory approval is not received on the expected timeline. 


The forward-looking statements contained in this news release are made as of the
date hereof and the Corporation undertakes no obligations to update publicly or
revise any forward-looking statements, 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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Margaux Resources Ltd.
Tyler Rice
President
[phone]