Mr. Peter-Mark Vogel reports

MNP PETROLEUM CORP. RETAINS INVESTOR RELATIONS CONSULTANT

MNP Petroleum Corp. has retained J. Streicher Capital LLC, a New York-based IB group, pursuant to a written agreement, providing for a six-month term beginning on an effective date of Aug. 14, 2014. Pursuant to this agreement, Streicher has agreed to assist the company at trade shows, liaise with the investment community and assist with the organization and presentation of road shows. MNP has agreed to pay Streicher an initial engagement fee of $7,500 (U.S.) and a monthly retainer of $7,500 plus approved expenses.

Furthermore, effective Aug. 20, 2014, MNP also granted 750,000 stock options to Streicher. These 750,000 options are divided into three different groups 250,000 exercisable at a price of 7.6 U.S. cents, 250,000 exercisable at a price of 8.4 U.S. cents and 250,000 exercisable at a price of nine U.S. cents. All of these options shall vest in four quarterly instalments over a period of 12 months, with the first instalment of 187,500 options (consisting of 62,500 first options, 62,500 second options and 62,500 third options) vesting Oct. 13, 2014, the second instalment of 187,500 options (consisting of 62,500 first options, 62,500 second options and 62,500 third options) vesting Jan. 13, 2015, the third instalment of 187,500 options (consisting of 62,500 first options, 62,500 second options and 62,500 third options) vesting March 13, 2015, and the fourth instalment of 187,500 options (consisting of 62,500 first options, 62,500 second options and 62,500 third options) vesting July 13, 2015. All of these options will expire five years after the date of grant. The grant is subject to the execution of a stock option agreement by Streicher, the terms of the company's 2011 amended stock option plan and approval by the TSX Venture Exchange.