Mr. Richard Thompson reports

MARQUEE ENERGY ANNOUNCES CLOSING OF STRATEGIC NON-CORE ASSET DISPOSITION

Marquee Energy Ltd. has completed the previously announced disposition of its non-core, gas-weighted asset located in the Pembina area of western Alberta. Consideration for the transaction totalled approximately $14-million, with an effective date of Sept. 1, 2014. Subsequent to the transaction, the company's lenders confirmed that Marquee's total credit availability remains unchanged at $95-million.

In the short term, proceeds from the transaction will be used to reduce the company's current debt and increase financial flexibility. The company's net debt as of Aug. 31, 2014, was $65.8-million. Marquee is currently reviewing its 2014 and 2015 capital expenditure programs with plans to accelerate the growth and development of its core Michichi property.

"We are extremely confident in Michichi's compelling economics," said president and chief executive officer, Richard Thompson. "We have established a strong foundation of assets, infrastructure and running room at the property, and we recognize the value in remaining focused. This has been transformational year for Marquee. The disposition of the Pembina asset strengthens our balance sheet and allows us to further capitalize on the success at Michichi."

Marquee is participating in Canaccord Genuity's coming eighth annual Global Resources Conference held on Oct. 15 to 16 in New York at the Palace Hotel. The company will post an updated corporate presentation and webcast registration details on its website by Oct. 10, 2014.

We seek Safe Harbor.