NEWS RELEASE

CFO Resignation

February 7, 2013 - Calgary; February 8, 2013 - Perth
Mako Hydrocarbons Ltd. (ASX: MKE, "Mako" or the "Company") today announces that Jim Wilson, Chief Financial Officer & Corporate Secretary of the Company, has tendered his resignation.
The Company's Managing Director, Mr. Paul Griese, commented "We thank Jim for his contribution to the Company, and we wish him well in his future endeavours."
Jim's resignation will take effect from 11 February 2013 however he has agreed to provide assistance an interim basis with respect to Mako's current corporate development activities.
Consistent with MKE's objective to attract a joint venture partner and adopt a lower cost 'non-operating' model in developing its land position, the Company intends to defer any search for a new Chief Financial Officer until JV activity has been finalised.
Leonard Math will re-assume the role of Company Secretary.

Mako Hydrocarbons Ltd. is a dynamic, Calgary based exploration and production company concentrating on value creation through the exploitation of its interests in the world class, Duvernay liquids rich natural gas shale, and the light oil and liquids rich window of the Rock Creek formation in west central Alberta. Mako is committed to conducting it operations safely, and in a socially and environmentally responsible manner.

For further information, please contact: ASX Code: MKE Board of Directors Mr. George Watson Chairman

Mr. Simon Owen

Executive Vice Chairman

Mr. Paul Griese

Managing Director

Mr. Graham Anderson

Non Exec Director

Mr. Garry Mihaichuk

Non Exec Director

Management Mr. Paul Griese President & Managing Director

Mr. Cam Bolter

Vice President, Exploration

Mr. Brad Crowe

Vice President, Land

Mr. Stuart Keck

Chief Operating Officer

Mr. Simon Owen

Executive Vice Chairman

Mr. Malcolm Bult

Executive Advisor

Mr. Leonard Math

Corporate Secretary

Paul Griese

Simon Owen

President & Managing Director

Executive Vice Chairman

+1 (403) 476 7858

+61 413 777 286

Mako Hydrocarbons Ltd. ir@makohydrocarbons.com |

www.makohydrocarbons.com | ABN: 33 009 218 955

Australian Office: Canadian Office:

14 Emerald Terrace, Suite 800, 521 Third Avenue S.W. West Perth, WA, Australia 6005 Calgary, Alberta, Canada, T2P 3T3

Main: +61 (8) 9226 0443 | Fax: +61 (8) 9322 7211 Main: +1 (403) 476-7850 | Fax: +1 (403) 476-7851

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