Calgary, Alberta - February 24, 2014 - Marquee Energy Ltd. announces that it has entered into an agreement with Paramount Resources Ltd. to acquire certain low decline, operated, producing assets contiguous with Marquee's operations at Michichi, estimated to have annualized 800 boe/d of production.

Marquee has drilled 6 Michichi wells and 2 Lloydminster wells since the beginning of Q4 2013. A 7th well is currently being drilled at Michichi. Both Lloydminster wells and 3 of the 6 completed Michichi wells are now on production.

On closing of the Acquistion, Marquee will have grown from 100 boe/d to over 4,600 boe/d in less than 3 years.

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