NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Marksmen Energy Inc. (TSX VENTURE:MAH) ("Marksmen" or the "Company") has
completed its first 3D seismic acquisition program in Ohio and is currently
interpreting seismic data processed by two independent consultants in Colorado
and Ohio and selecting drill sites.


The 3D seismic survey has outlined numerous shallow Cambrian Knox formation
light oil targets.


Based on Marksmen's interpretation of the 3D seismic data, and historic wildcat
wells that produced light oil from Marksmen's target Cambrian Knox formation,
Marksmen will initially permit the drilling of five (5) vertical oil wells
within the 3D seismic area. Marksmen has received an initial AFE which estimates
drilling and completion costs to be under $300,000 per well.


As reported by the Ohio Department of Natural Resources Division of Oil and Gas
Resources on December 31, 2011, six (6) wells completed in the Cambrian Knox
formation, within 3.5 miles of Marksmen's 3 D Survey, have produced more than
40,000 barrels of oil each, with an average of more than 90,000 barrels of oil,
and a maximum of more than 178,000 barrels of oil.


Marksmen and its joint venture operator are currently negotiating with drilling
contractors and drilling is expected to commence in a few weeks.


The Company is continuing with its lease acquisition program in Ohio. 

For additional information regarding this news release please contact Archie
Nesbitt, Director of the Company at (403) 265-7270 or e-mail info@marksmen.ca. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to drilling
operations of the Company. All statements included herein, other than statements
of historical fact, are forward-looking information and such information
involves various risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in Marksmen's disclosure documents
on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any
forward-looking information except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marksmen Energy Inc.
Archie Nesbitt
Director of the Company
(403) 265-7270
info@marksmen.ca

Marksmen Energy (TSXV:MAH)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Marksmen Energy.
Marksmen Energy (TSXV:MAH)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Marksmen Energy.