MOO Moon River Capital Ltd

Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announces that it has
proposed a consolidation of the common shares of Mooncor (the "Common Shares"). 


The share consolidation proposal would authorize the board of directors of
Mooncor to consolidate the Common Shares up to a ten (10) pre-consolidation
shares for one (1) post-consolidation share basis (the "Consolidation"). There
will be no name change in conjunction with the Consolidation.


Management and the board of directors believe that approval for the
Consolidation is in the best interests of Mooncor and its shareholders.
Management believes that a successful completion of the Consolidation would
allow Mooncor important flexibility to amend its capital structure and attract
business opportunities and is imperative in order for Mooncor to complete future
financings. The Consolidation will not change a shareholder's proportionate
ownership in Mooncor or the rights of holders of Common Shares. Each Common
Share outstanding after the Consolidation will be entitled to one vote and will
be fully paid and non-assessable.


Under the terms of the proposed Consolidation, no fractional Common Share will
be issued as a result of the Consolidation, and shareholders entitled to receive
less than one (1) Common Share will receive a cash payment. Shareholders
receiving more than one (1) Common Share as a result of the Consolidation will
receive such whole Common Share and any fractional shares will be rounded up or
down to the nearest whole number. Such shareholders will not receive a cash
payment. There are currently approximately 149,934,520 Common Shares issued and
outstanding.


The Consolidation is subject to approval by the TSX Venture Exchange and the
shareholders of Mooncor. A special shareholders' meeting has been called for
January 29, 2014 to consider the Consolidation.


Following completion of the proposed Consolidation, Mooncor will have a total of
14,993,452 Common Shares issued and outstanding, subject to rounding.


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
(905) 330-0611
atlone@marconintl.com

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