Mirage Energy Ltd. ("Mirage" or the "Company") (TSX VENTURE:MGE) (PINK
SHEETS:MRGYF) is pleased to announce that it closed its previously announced
non-brokered private placement (the "Private Placement") of flow-through shares
renounced to subscribers as Canadian Development Expenses. Pursuant to the
Private Placement an aggregate of 2,905,375 flow-through shares at a price of
$0.08 per flow-through share were sold for aggregate proceeds of $232,430.


Proceeds of the private placement will be used to fund development operations on
the Company's oil and gas properties.


The securities issued pursuant to the Private Placement are subject to a hold
period of 4 months and one day from closing of the Private Placement.


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


Mirage is a junior oil and gas company focused on the exploration and
development of oil and gas in western Canada.


READER ADVISORY

Statements in this press release may contain forward-looking statements
including expectations with respect to future events and the actions of third
parties. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to:
the underlying risks of the oil and gas industry (i.e. operational risks in
development, exploration and production; potential delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserves estimates; the uncertainty of estimates and projections
relating to production, costs and expenses, adequate available financing and
health, safety and environmental factors), commodity price and exchange rate
fluctuation and uncertainties.
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