Mr. Leif Snethun reports

SANCTION CAPITAL CORP. ANNOUNCES DRILLING UPDATE OF MARSA ENERGY INC.

Sanction Capital Corp. merger target Marsa Energy Inc.'s wholly owned subsidiary, Marsa Turkey BV, has finished drilling the first well, Poyraz N3-1, in its current three-well drilling program on the Ortakoy block in the Republic of Turkey.

Poyraz N3-1 was spudded on Aug. 15, 2014, and was directionally drilled, as planned, to a total measured depth of 1,000 metres and a total vertical depth of 976 metres. The well was cased on Aug. 26, 2014, to a measured depth of 467 metres with a plugged back total depth of 457 metres. Poyraz N3-1 mud logs and open-hole logs indicate the potential presence of gas, which will need to be confirmed by production testing that will commence once all three wells in the current drilling program have been drilled.

The Viking International I-7 drilling rig was released on Aug. 28, 2014, and is mobilizing from Poyraz N3-1 to the Poyraz W-1 location, which is the next well in Marsa's three-well program. Marsa Turkey holds a 100-per-cent working interest in, and is the operator of, the Ortakoy block.

Sanction and Marsa entered into an arm's-length amalgamation agreement effective July 30, 2014, with respect to the amalgamation of Sanction and Marsa, details of which were previously announced on July 31, 2014, and Aug. 22, 2014. The amalgamation is expected to constitute the qualifying transaction (as such term is defined in the policies of the TSX Venture Exchange) of Sanction.

About Marsa Energy

Marsa is a junior oil and gas company focused on the Middle East, North Africa and Mediterranean regions. Marsa is engaged in the exploration for, and the development and production of, oil and natural gas. Marsa is active (through its subsidiaries) in Turkey, and has offices in Calgary, Canada, Amsterdam, the Netherlands, and Ankara, Turkey.

Trading halt

Trading in Sanction's shares was voluntarily halted on July 31, 2014, and will remain halted until the documentation required by the TSX-V in connection with the qualifying transaction has been reviewed and accepted by the TSX-V.

Subject to the satisfaction or waiver of the conditions precedent referred to in the amalgamation agreement, the parties anticipate the proposed amalgamation will be completed on or about Sept. 11, 2014.

All information contained in this press release with respect to Sanction and Marsa was supplied by Sanction and Marsa, respectively, for inclusion herein. Sanction and its directors and officers have relied exclusively on Marsa for any information concerning Marsa, including, without limitation, all information concerning Marsa's drilling program.

We seek Safe Harbor.