MVN Madalena Energy Inc

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE
A VIOLATION OF U.S. SECURITIES LAW.


Madalena Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE:MVN) is pleased
to announce that, further to its earlier news release of June 19, 2013, it has
increased the size of the announced financings by approximately $1.75 million,
such that, if the financings are fully subscribed Madalena will receive
aggregate gross proceeds of up to $7.75 million through the issuance of:




a.  11,765,000 common shares of the Company ("Common Shares") to be issued
    as "flow-through shares" ("Brokered CEE Flow-Through Shares") within the
    meaning of the Income Tax Act (Canada) at a price of $0.34 per Brokered
    CEE Flow-Through Share for aggregate gross proceeds of $4,000,100,
    pursuant to a revised agreement with Dundee Securities Ltd. ("Dundee")
    under which Dundee has agreed to purchase such Brokered CEE Flow-Through
    Shares by way of private placement on a "bought deal" basis (the
    "Brokered Private Placement"); and 
    
b.  up to: (i) 806,452 Common Shares at a price of $0.31 per Common Share;
    (ii) 5,468,750 Common Shares to be issued as "flow-through shares" ("CDE
    Flow-Through Shares") within the meaning of the Income Tax Act (Canada)
    at a price of $0.32 per CDE Flow-Through Share; and (iii) 5,147,059
    Common Shares to be issued as "flow-through shares" ("Non-Brokered CEE
    Flow-Through Shares" and together with the Brokered CEE Flow-Through
    Shares, the "CEE Flow-Through Shares") within the meaning of the Income
    Tax Act (Canada) at a price of $0.34 per Non-Brokered CEE Flow-Through
    Share, for aggregate gross proceeds of up to approximately $3.75 million
    (the "Non-Brokered Private Placement" and together with the Brokered
    Private Placement, the "Private Placement").



Certain directors and officers of Madalena are expected to participate in the
Non-Brokered Private Placement. 


Upon the closing of the Private Placement, Madalena will covenant that
purchasers of CDE Flow-Through Shares will be entitled to renunciations of
Canadian development expenses in an amount equal to their subscription amount
and purchasers of CEE Flow-Through Shares will be entitled to renunciations of
Canadian exploration expenses in an amount equal to their subscription amount. 


Closing of the Private Placement is expected to occur on or about July 11, 2013
and is subject to the receipt of applicable regulatory approvals, including
approval of the TSX Venture Exchange. 


About Madalena - Domestic and International Assets 

Madalena is an independent, Canadian-based, domestic and international upstream
oil and gas company whose main business activities include exploration,
development and production of crude oil, natural gas liquids and natural gas.  


Domestically, Madalena's core area of operations is located in the Greater
Paddle River area of west-central Alberta where the Company holds approximately
200 gross (greater than 150 net) sections of land (78% average W.I.)
encompassing light oil and liquids-rich gas resource plays. Madalena's domestic
focus is to exploit its large inventory of horizontal development locations on
its Ostracod oil, Notikewin/Wilrich liquids-rich gas, and emerging Nordegg oil &
liquids-rich gas resource plays. Madalena also holds more than 100 net sections
(100% W.I.) which are prospective for the Duvernay shale. 


Internationally, Madalena holds three large blocks within the prolific Neuquen
basin in Argentina where it is focused on the delineation of vast shale and
unconventional resources in the Vaca Muerta and Lower Agrio shales, in addition
to tight sand plays in the Mulichinco and Quintuco. The Company is also
developing a conventional oil play in the Sierras Blancas formation. Madalena
holds 135,000 net acres on the Coiron Amargo (35,027 net acres), Curamhuele
(50,400 net acres) and Cortadera (49,600 net acres) blocks.  


Madalena trades on the TSX Venture Exchange under the symbol MVN. Basic
corporate information, recent news releases and regularly updated corporate
presentations are available on the Company's website at
www.madalena-ventures.com. 


Reader Advisories 

Forward-Looking Information

The information in this news release contains certain forward-looking
statements. These statements relate to future events or our future performance,
in particular with respect to the closing of the Private Placement and the
incurring and renunciation of expenditures with respect to the CDE Flow-Through
Shares and the CEE Flow-Through Shares. 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. In particular,
this news release contains forward-looking statements pertaining to operational
activities to be conducted by the Company. These statements involve substantial
known and unknown risks and uncertainties, certain of which are beyond the
Company'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 Company'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 the Company 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 forward-looking
statements in this news release are expressly qualified in their entirety by
this cautionary statement. Except as required by law, the Company 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 Company's Annual Information Form, which is available on SEDAR at
www.sedar.com. 


This press release is not an offer of the securities for sale in the United
States. The securities have not been 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 an exemption from registration. 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 state in which such offer,
solicitation or sale would be unlawful. 


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madalena Ventures Inc.
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
(403) 262-1901 (Ext. 230)
kdshaw@madalena-ventures.com


Madalena Ventures Inc.
Thomas Love, CA
VP, Finance and Chief Financial Officer
(403) 262-1901 (Ext. 227)
tlove@madalena-ventures.com
www.madalena-ventures.com

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