MOO Moon River Moly Ltd

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.


Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) today announced that it
has increased the size of its proposed brokered private placement, previously
announced on March 18, 2011. Due to demand the $2 million offering, conducted on
a reasonable best efforts basis by D&D Securities Inc. and All Group Financial
Services Inc., has been increased to $2.5 million. Mooncor anticipates closing
the offering shortly.


The net proceeds will be used by Mooncor for exploration on its oil and gas
properties and working capital.


Business of Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp. is a junior oil and gas exploration and development
company. Mooncor is focusing on its shale gas opportunities with a current
emphasis on negotiations for a joint venture partner on its high impact proven
Muskwa/Duvernay shale gas play at Hamburg, Alberta as well as structuring a
spinoff of its southwest Ontario assets into a new entity.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Mooncor believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Except as required by
law, Mooncor disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or otherwise.


This press release does not constitute and the subject matter hereof is not, an
offer for sale or a solicitation of an offer to buy, in the United States or to
any "U.S Person" (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the "1933 Act")) of any equity or other
securities of Mooncor. The securities of Mooncor have not been registered under
the 1933 Act and may not be offered or sold in the United States (or to a U.S.
Person) absent registration under the 1933 Act or an applicable exemption from
the registration requirements of the 1933 Act.

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