MVN Madalena Energy Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Madalena, ("Madalena" or the "Corporation") (TSX VENTURE:MVN) on behalf of its
wholly owned subsidiary, Madalena Ventures International Inc., is pleased to
provide an update on the TT2 exploration well located on the Remada Sud Permit
in Southern Tunisia. The Corporation announces that the Schlumberger stimulation
equipment is onsite and operations have commenced to artificially fracture and
production test several zones of interest in the exploration well. The TT2
exploration well encountered potentially significant light oil and gas shows in
the primary Ordovician Bir Ben Tartar formation while coring. Secondary zones of
interest which encountered hydrocarbon potential during drilling and coring will
also be tested. The Sud Remada permit is located in the Ghadames Basin and is
approximately 1.2 million acres in size. Madalena has earned a 15% working
interest in 600,000 acres on the Sud Remada permit for the drilling of the TT 2
test well, and has the option to pay 30% of the costs of a second test well to
earn an additional 15% working interest in an additional 600,000 acres on the
permit.


Madalena is also pleased to announce that operations to evaluate pressures and
potential productivity from two existing well bores on the Curamhuele block in
the Neuquen Province of Argentina are underway. The Company has also identified
and is investigating additional intervals of interest in the wellbores that have
not previously been tested. On the Coiron Amargo block, the Corporation has
identified several prospective drilling locations which are in the process of
being finalized with partners and surveyed.


About Madalena

Madalena is a publicly traded international junior Canadian oil and gas
exploration company trading on the Toronto Venture Stock Exchange under the
symbol "MVN". The Company has assets in Canada, Tunisia and Argentina and is
actively evaluating international oil and gas opportunities with a primary focus
on South America and North Africa.


MADALENA VENTURES INC.

On behalf of the Board

Ken Broadhurst, President

Forward Looking Statements

Certain information set forth in this press release, including a discussion of
future plans and operations, contains forward looking statements that involve
substantial known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, some of which are
beyond management's control, including but not limited to, the impact of general
economic conditions, industry conditions, fluctuation of commodity prices,
fluctuation of foreign exchange rates, environmental risks industry competition,
availability of qualified personnel and management, stock market volatility,
timely and cost effective access to sufficient capital from internal and
external sources, as well as risks inherent in operating in foreign
jurisdictions, including varying judicial or administrative guidance on
interpreting rules and regulations and a higher degree of discretion on the part
of governmental authorities. Actual results, performance or achievement could
differ materially from those expressed in or implied by these forward-looking
statements.


This news release does not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction. The Common Shares will not
be and have not been registered under the United States Securities Act of 1933
and may not be offered or sold in the United States, or to a U.S. person, absent
registration, or an applicable exemption therefrom.

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