Marquee Energy Ltd. is pleased to announce that it has entered into a financing agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and including Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp. to issue and sell on a "bought deal" basis, 16,484,000 common shares of Marquee (the "Common Shares") at an issue price of $0.91 per Common Share resulting in gross proceeds of $15,000,440.

The net proceeds from the Offering will be used initially to reduce bank indebtedness and thereafter to partially fund the Company's continuing capital program and for general corporate purposes.

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