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


Madalena Ventures Inc. ("Madalena" or the "Corporation") is pleased to announce
that it has filed a preliminary short form prospectus with respect to a marketed
public offering of common shares of the Corporation on a "best efforts" basis in
the provinces of British Columbia, Alberta and Ontario. The offering is being
conducted by Byron Securities Limited and Union Securities Ltd., who will act as
agents for the offering. The offering is scheduled to close on or about December
18, 2009.


Madalena plans to use the net proceeds of this offering to fund development of
its international oil and gas assets and for general corporate purposes.


Madalena is a publicly traded international junior Canadian oil and gas
exploration company trading on the TSX Venture Exchange under the symbol "MVN".
The Company has assets in 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

The information in this news release contains certain forward-looking
statements. These statements relate to future events or our future performance.
All statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"approximate", "expect", "may", "will", "project", "predict", "potential",
"targeting", "intend", "could", "might", "should", "believe", "would" and
similar expressions. These statements involve substantial known and unknown
risks and uncertainties, certain of which are beyond the Corporation's control,
including: the impact of general economic conditions; industry conditions;
changes in laws and regulations including the adoption of new environmental laws
and regulations and changes in how they are interpreted and enforced;
fluctuations in commodity prices and foreign exchange and interest rates; stock
market volatility and market valuations; volatility in market prices for oil and
natural gas; liabilities inherent in oil and natural gas operations;
uncertainties associated with estimating oil and natural gas reserves;
competition for, among other things, capital, acquisitions, of reserves,
undeveloped lands and skilled personnel; incorrect assessments of the value of
acquisitions; changes in income tax laws or changes in tax laws and incentive
programs relating to the oil and gas industry ; geological, technical, drilling
and processing problems and other difficulties in producing petroleum reserves;
and obtaining required approvals of regulatory authorities. The Corporation's
actual results, performance or achievement could differ materially from those
expressed in, or implied by, such forward-looking statements and, accordingly,
no assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of them do, what
benefits that the Corporation will derive from them. These statements are
subject to certain risks and uncertainties and may be based on assumptions that
could cause actual results to differ materially from those anticipated or
implied in the forward-looking statements. The Corporation's forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. Except as required by law, the Corporation undertakes no obligation
to publicly update or revise any forward-looking statements. Investors are
encouraged to review and consider the additional risk factors set forth in the
Corporation's Annual Information Form which is available on SEDAR at
www.sedar.com.


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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