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Magnum Energy Inc. Announces Granting of Stock Options

CALGARY, ALBERTA -- (Marketwire) -- 01/23/13 -- MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum is pleased to announce that it has granted 800,000 stock options to senior technical consultants and to a director of the Corporation at an exercise price of $0.10 per share for a period of 5 years from date of grant.

The option grant is subject to the approval of the TSX Venture Exchange.

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.

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