Mr. Robert Lamond reports

TUSCANY ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT

Tuscany Energy Ltd. has closed the final tranche of its previously announced non-brokered private placement of common shares of the corporation issued on a flow-through basis in respect of Canadian development expenses (CDE). In this tranche, the corporation has issued an aggregate of 1,412,000 CDE FT shares at a price of 44 cents per CDE FT share for aggregate gross proceeds of approximately $620,000. The corporation paid an aggregate of $25,670 in finders' fees.

Humboldt Capital Corp. purchased approximately $118,000, or 267,700, of the CDE FT shares not otherwise subscribed for by other purchasers. Robert W. Lamond, the chairman, president and chief executive officer of both Tuscany and Humboldt, owns 72 per cent of the outstanding shares of Humboldt. Mr. Lamond and Humboldt own approximately 16.8 million common shares of Tuscany (representing approximately 36 per cent of Tuscany's outstanding shares).

The securities issued in this tranche of the private placement are subject to a four-month hold period under applicable securities laws, which hold period expires on March 27, 2015.

Tuscany will use the proceeds of the private placement to incur Canadian development expense and will renounce the expenses to subscribers of the CDE FT shares, effective on or before Dec. 31, 2014.

Drilling of the next horizontal development well at Macklin North 91/11-33-39-28W3M, is planned to commence on Nov. 27, 2014, and Tuscany will use the expenses to renounce to subscribers of the CDE FT shares.

The Macklin North 91/11-33-39-28W3M well offsets the Macklin North 91/1-33-39-28W3M well, which Tuscany has recently completed drilling and anticipates will be placed on production during the first week of December.

We seek Safe Harbor.