CALGARY, ALBERTA--(Marketwired - May 30, 2013) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. (the "Consultant") to provide investor relations and corporate finance services to Magnum effective June 1, 2013.

In connection with the engagement, Magnum has entered into a consulting agreement with the Consultant pursuant to which the Consultant shall be paid US $4,500 per month until August 31, 2013 and US $6,000 per month commencing on September 1, 2013. After August 31, 2013, the contract is terminable upon 30 days written notice by either party. Pursuant to the consulting agreement, Magnum has granted 200,000 stock options to the Consultant exercisable into common shares at an exercise price of $0.10. The options shall vest as to 25% on June 1, 2013 and 25% every three months thereafter. The granting of the options is subject to the approval of the TSX Venture Exchange.

About the Consultant

Torrey Hills Capital Inc. of Del Mar California is a leading investor and financial public relations firm specializing in small and microcap companies, primarily in the natural resource sector. Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for the activities related to Magnum Energy Inc.

Torrey Hills Capital will increase awareness of Magnum Energy Inc. through presentation meetings with investment professionals, investment advisers and money managers focused on the microcap market space.

Torrey Hills Capital will also profile Magnum Energy Inc. on its website, www.babybulls.com, which showcases and provides exposure for emerging microcap companies to an audience of proven microcap investors.

Torrey Hills Capital currently has no direct or indirect interest in the securities of Magnum Energy Inc., or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced options. The appointment of Torrey Hills Capital as an investor relations consultant of Magnum Energy Inc. and the granting of options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

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.