3MV Energy : Announces Year-End 2013 Results

Calgary, AB - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to report its financial and operating results for year ended December 31, 2013. 3MV's audited financial statements and related management's discussion and analysis for the year ended December 31, 2013 have been filed and are available on the SEDAR website at www.sedar.comand on the Company's website

at www.3mvener gy .com.

3MV is also pleased to announce the results of its 2013 year-end reserves evaluation by Sproule Associates Limited ("Sproule"), an independent reserves evaluator, for 100% of 3MV's oil and gas properties, prepared in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the COGE Handbook.

3MV announces the following highlights for fiscal 2013:

• Closing of a $2,000,000 non-brokered private placement financing of convertible debentures on

February 21, 2013. A director of the Corporation is the sole subscriber for the convertible debenture.

• Conversion of $1,393,809 of accounts payable into 5,575,233 common shares and 5,575,233 warrants during 2013.

• The Corporation completed the acquisition of assets in its core Fiske area. The land acquired was subject to the previous farm-in agreement and includes 18 additional sections. Following the completion of the transaction, 3MV Energy owns a high working interest in over 31,000 acres of land in the Fiske play of west central Saskatchewan. The acquisition is funded through a $2,000,000 non- brokered private placement financing of convertible debentures.

• The Corporation was able to increase operating netbacks per BOE by 41 percent for the year ended

December 31, 2013 compared to the 2012

• The Corporation increase total probable reserves 32 percent over 2012, while proved and probable reserves increased 13 percent over last year

1) Operating netbacks (calculated on a per unit bas is as oil, gas and natural gas liquids revenues , les s royalties ,

trans portation and operating cos ts ) is not a recognized m eas ure under IFRS.

2) Funds generated by operations is not a pres cribed IFRS or GAAP m eas ure and is calculated as oil, gas and natural gas liquids revenues, les s royalties , operating costs , general and administrative expens es , interes t expens e and current incom e taxes on a per unit bas is m ultiplied by the total num ber of barrels produced in the period. This is not a recognized m eas ure under IFRS.

3) Net earnings (los s) per s hare is calculated using weighted average s hares outs tanding.

4) Net debt (working capital) is an indus try term , and is calculated as current as s ets less current liabilities, and is not a recognized m eas ure under IFRS.

3MV Energy intends to focus its drilling and production efforts on its Fiske light oil discovery for 2014. As stated, in early 2013, the Corporation acquired a significant position of land in the area which has solidified its asset base and creates potential for further growth and expansion through the drill bit. The

Corporation will continue to explore financing opportunities, debt arrangements and joint ventures in 2014 to build on shareholder value. The Corporation will also continue its focus on cost reductions to optimize operational margins and cash flow.

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

The securities offered have not b een and will not b e registered under the U.S. Securities Act of 1933, as am ended, and m ay not b e offered or sold in the United States ab sent registration or applicab le exem ption from the registration requirem ents. This news release does not constitute an offer to sell or the solicitation of any offer to b uy nor will there b e any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would b e unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

Forward-Looking Statements

Certain statem ents in this news release constitute forward-look ing statem ents. The forward-look ing statem ents contained in this docum ent are b ased on certain k ey expectations and assum ptions m ade b y 3MV. Although 3MV b elieves that the expectations and assum ptions on which the forward-look ing statem ents are b ased are reasonab le, undue reliance should not b e placed on the forward-look ing statem ents b ecause 3MV can give no assurance that they will prove to b e correct.
Since forward-look ing statem ents address future events and conditions, b y their very nature they involve inherent risk s and uncertainties. Actual results could differ m aterially from those currently anticipated due to a num b er of factors and risk s. These include, b ut are not lim ited to, the failure to ob tain necessary regulatory approvals, risk s associated with the oil and gas industry in general (e.g., operational risk s in development, exploration and production; delays or changes in plans with respect to exploration or developm ent projects or capital expenditures; the uncertainty of reserve estim ates; the uncertainty of estim ates and projections relating to production, costs and expenses, and health, safety and environm ental risk s), com m odity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or developm ent projects or capital expenditures. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional inform ation on these and other factors that could affect 3MV's operations and financial results are included in reports on file with Canadian securities regulatory authorities and m ay b e accessed through the SEDAR web site (www.sedar.com ).
The forward-look ing statem ents contained in this docum ent are m ade as of the date hereof and 3MV undertak es no ob ligation to update pub licly or revise any forward-look ing statem ents or inform ation, whether as a result of new inform ation, future events or otherwise, unless so required b y applicab le securities laws.

Oil and Gas Disclosure

For the purpose of calculating unit costs, natural gas volum es have b een converted to a b arrel of oil equivalent
("BOE") using six thousand cub ic feet equal to one b arrel unless otherwise stated. A BOE conversion ratio of 6:1 is
b ased upon an energy equivalency conversion m ethod prim arily applicable at the b urner tip and does not represent a value equivalency at the wellhead. BOEs m ay b e m isleading, particularly if used in isolation.
Net present value of future net revenue does not represent fair m ark et value of the reserves. There is no assurance that the forecast prices and cost assum ptions will b e attained and variances could b e m aterial.

This press release contains the term s "operating netb acks", "funds generated b y operations", and "net deb t", which do not have a standardiz ed m eaning prescribed b y GAAP and therefore m ay not b e com parab le with the calculation of sim ilar m easures b y other issuers. 3MV uses operating netb acks and funds generated b y operations to analyz e operating and financial perform ance. 3MV b elieves these b enchmarks are k ey m easures of profitab ility and overall
sustainab ility for the Com pany. Both of these term s are com m only used in the oil and gas industry. Operating netb ack s and funds generated b y operations are not intended to represent operating profits nor should they b e viewed as an alternative to cash flow provided b y operating activities, net earnings (loss) or other m easures of financial perform ance calculated in accordance with GAAP. Operating netb ack s are determ ined b y deducting royalties, operating costs and transportation from oil and gas revenue. Funds generated b y operations are calculated as cash flows from operating activities excluding transaction costs less changes in non-cash work ing capital and share b ase paym ents.3MV uses net deb t to assess the financial position and health of the Com pany. 3MV b elieves this b enchm ark is a k ey m easure of financial leverage and displays a Com pany's ab ility to repay its deb ts when due. Net deb t is calculated as current assets less current liab ilities.

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