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Magnum Energy Announces COO Resignation

CALGARY, ALBERTA--(Marketwire - Dec 5, 2012) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum announces the resignation of Mr. Rick Young as Chief Operating Officer of Magnum. The Board and management of Magnum wish Mr. Young continued success in his new ventures.

About Magnum Energy Inc.

Magnum is a junior oil and gas producer with operations located in the Western Canadian Sedimentary Basin. The Corporation produces from Viking oil operations in Alberta, gas operations in Alberta and maintains a 100% ownership of the Sedalia gas facility in East-Central Alberta.