Mr. Dallas Duce reports

3MV ENERGY ANNOUNCES $6,000,000 DRAWDOWN UNDER TERM LOAN FACILITY

3MV Energy Corp. has drawn down $6-million under a secured loan facility, whereby it may borrow up to $10-million from the Invico Diversified Income Limited Partnership for a term of 36 months. The lender is one of a number of investment funds managed by Calgary-based Invico Capital Corp. Invico is a registered investment fund manager and portfolio manager with offices in Calgary and Toronto, overseeing in excess of $200-million of assets under management.

Effective immediately, 3MV has appointed Jason Brooks, president of Invico Capital, to the board of directors.

The company issued warrants to the lender concurrent with the drawdown of funds entitling the lender to purchase 12 million common shares of the company at an exercise price equal to 25 cents per share. The warrants and underlying common shares are subject to a hold period of four months and one day from the date of issuance.

In addition, the company has provided security in favour of the lender over all the real and personal property of the company. The company may pay up to 3 per cent of the interest by way of quarterly share issuance at the five-day volume-weighted average price preceding the interest payment date for the initial six months of the term.

3MV plans to use proceeds of the drawdown to finance phase 2 drilling, and completion and equipping of 10 development oil wells on 3MV's core area Fiske property. 3MV along with its joint venture partner targets to have 16 oil wells in production by year-end.

We seek Safe Harbor.