Mr. Alex Blyumkin reports

ALEX BLYUMKIN ANNOUNCES ACQUISITION OF COMMON SHARES OF MCW ENERGY GROUP LIMITED IN A PRIVATE PLACEMENT

Alex Blyumkin, executive chairman and a director of MCW Energy Group Ltd., has filed an early warning report announcing he has acquired 8,414,910 common shares of the corporation at five cents per share, for an aggregate of $315,000 (U.S.) pursuant to a private placement. The shares represent 3.5 per cent of the currently issued and outstanding common shares of the corporation.

Prior to the transaction, Mr. Blyumkin held, directly or indirectly, beneficial ownership of, or the power to exercise control or direction over, 25,614,186 common shares of the corporation, representing approximately 11.3 per cent of the issued and outstanding common shares of the corporation. Following the transaction, Mr. Blyumkin holds, directly or indirectly, beneficial ownership of, or the power to exercise control or direction over, 34,029,096 common shares of the corporation, representing approximately 14.3 per cent of the currently issued and outstanding common shares of the corporation.

The common shares were acquired for investment purposes. Mr. Blyumkin may increase or reduce his investment in the corporation according to market conditions or other relevant factors.

For further details relating to the acquisition, please see the report, which was filed in accordance with applicable securities laws, a copy of which is available under the corporation's profile on SEDAR or may be obtained from Mr. Blyumkin, care of Alon HaCohen, TQM Law Corp., at 310-844-6968 or alon@TQMLaw.com.