Mr. Paul Davey reports

MCW ENERGY GROUP ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION

MCW Energy Group Ltd. has completed a non-brokered private placement financing by issuing 106,847 common shares at a price of 84 cents per share. All common shares issued pursuant to the financing are subject to a four-month statutory hold period, as well as a U.S. restrictive legend. The financing closed on Oct. 21, 2014, subject to final approval of the TSX Venture Exchange. The net proceeds will be used by MCW for general corporate purposes and working capital.

MCW also announces that it has entered into an agreement with an arm's-length service provider, pursuant to which MCW will issue an aggregate of 199,669 common shares in satisfaction of indebtedness of $151,278 (U.S.) currently owed to such service provider. MCW determined to satisfy the indebtedness with common shares to preserve its cash for use on the construction of its extraction technology in the Uinta basin of Utah, United States of America. The shares will be issued upon acceptance by the TSX Venture Exchange. The common shares issued in satisfaction of the indebtedness will be subject to a four-month statutory hold period from the date of issuance, as well as a U.S. restrictive legend.

Including the issuance of shares detailed in this news release, there are currently 49,895,355 common shares of MCW issued and outstanding.

We seek Safe Harbor.