Mr. Dallas Duce reports

3MV ENERGY ANNOUNCES THE ISSUANCE OF SHARES: QUARTERLY INTEREST PAYMENT AND CONVERSION OF $1,000,000 DEBENTURE ON MATURITY

3MV Energy Corp. has issued 53,897 shares of the company to Audax Investments Ltd. in relation to interest payable quarterly on its $2-million secured drawdown facility term loan. The debt facility bears interest at 8 per cent per year, calculated and payable quarterly at the greater of the volume-weighted average market price of the shares of 3MV on the five trading days preceding the payment date or the discounted market price based on the closing price at the payment date. The company has also issued 3,448,276 shares of the company to Audax upon the conversion by Audax of a $1-million convertible debenture maturing and due Nov. 14, 2014. Following this issue, there will be 54,984,495 common shares of the company issued and outstanding. The issuance of the common shares will not result in a change of control.

Audax is a corporation controlled by Dallas Duce, interim chief executive officer, a director and the control person of 3MV.

We seek Safe Harbor.