MEN

Magnum Energy Inc. (the Company) (TSX VENTURE:MEN) is pleased to report the
initial production results of the 100% Working Interest operated wells in the
Sedalia area which were placed on production in the first and second week of
April 09. The on production dates were timed to take advantage of the 5% Crown
Royalty cap on the initial 12 months of production for new wells, as announced
in the Alberta Government Incentive Program on March 3, 2009.


The Company is producing from the Magnum 1-23 well which had combined test
results from the primary and secondary zone of approximately 1.35 MMcf/d or 225
boe/d, and the Magnum 13-35 well, which tested approximately 1.0 MMcf/d or 166
boe/d. Currently, the wells are each producing out of one zone on a restricted
basis due to capacity limitations at the 3rd party gas gathering and processing
facility to which the Company delivers this production. The wells have been
producing at a stabilized rate of approximately 900Mcf/d or 150 boe/d since
being placed on production.


With this new production, Magnum's combined total daily production has reached a
new Company high of approximately 200 boe/d, with an additional 200 boe/d behind
pipe, awaiting resolution of the processing constraints. This includes the
Magnum 3-24 well, which is equipped and tied-in, but currently shut in. The well
tested at 1.25MMScf/d from the primary and secondary zones.


The Company is evaluating several options that would enable Magnum to either
increase capacity at the present facility, or take all of the Company's current,
along with the "behind pipe" production to alternative facilities in the area.
Discussions are underway with various operators to determine the most effective
strategy.


Disclaimer: Natural gas volumes have been converted to barrels of oil
equivalent. Barrels of oil equivalent ("boe") may be misleading, particularly if
used in isolation. A boe conversion ratio of 6 thousand cubic feet ("mcf")
equals 1 barrel ("bbl") of oil is based on an energy equivalency conversion
method primarily applicable to the burner tip and does not represent a value
equivalency at the wellhead.

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