Tuscany International Drilling Inc. Announces Potential

Tuscany International Drilling Inc. Announces Potential Offering of
Senior Notes 
CALGARY, ALBERTA -- (Marketwire) -- 11/19/12 -- Tuscany International
Drilling Inc. ("Tuscany" or the "Company") (TSX:TID) (COLUMBIA:TIDC)
announced today that it will conduct a series of meetings with
institutional investors internationally, with a view to, subject to
pricing and market conditions, a placement of its senior notes in
reliance on Rule 144A and Regulation S under the Securities Act of
1933, as amended. 
The purpose of any placement would be to raise funds which, together
with funds drawn under an amended and upsized revolving credit
facility, would be applied to repay the Company's term loans under
its credit agreement and to pay fees and expenses associated with the
refinancing transactions.  
The offering of any such notes has not been and will not be
registered under the Securities Act of 1933, as amended, or under any
U.S. state securities laws. Any notes and related guarantees may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state laws.  
This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of
an offer to buy notes or any other securities, and shall not
constitute an offer to sell or a solicitation of an offer to buy, or
a sale of, notes or any other securities in any jurisdiction in which
such offer, solicitation or sale is unlawful.  
The Toronto Stock Exchange has not reviewed, nor does it accept
responsibility for the adequacy or accuracy of this press release.
The listing of Tuscany's common shares on the Colombian Stock
Exchange does not imply a certification by the BVC of the value or
solvency of Tuscany. 
In connection with any offering, the initial purchasers may engage in
over-allotment, stabilizing transactions, covering transactions and
penalty bids. These transactions may cause the price of notes to be
higher than it would otherwise be in the absence of these
transactions which, if commenced, may be discontinued at any time. 
In any Member State of the European Economic Area that has
implemented Directive 2003/71/EC (and amendments thereto, includ
Directive 2010/73/EC (to the extent implemented in such Member State)
and any relevant implementing measure in such Member State, the
"Prospectus Directive"), this press release is only addressed to and
directed at persons who are "qualified investors" within the meaning
of the Prospectus Directive. 
In the United Kingdom, this press release is only being distributed
to and is only directed at investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or high net worth
companies, and other persons to whom it may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons
together being referred to as "relevant persons").  
The notes would only be available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire such notes will
be engaged in only with, qualified investors or relevant persons, as
the case may be. Any person who is not a qualified investor or a
relevant person, as the case may be, should not act or rely on this
document or any of its contents.  
Statements in this press release contain forward-looking information.
Readers are cautioned that assumptions used in the preparation of
such information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted,
as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of Tuscany. These
risks include, but are not limited to: the timely construction and
deployment of drilling rigs, the successful negotiation of drilling
contracts, the oil and gas industry, commodity prices and exchange
rate changes, successful exploitation and integration of technology,
customer acceptance of technology, changes in drilling activity and
general global economic, political and business conditions. Industry
related risks could include, but are not limited to: operational
risks, delays or changes in rig construction and deployment, plans,
health and safety risks and the uncertainty of estimates and
projections of costs and expenses and access to capital. The risks
outlined above should not be construed as exhaustive. The reader is
cautioned not to place undue reliance on this forward-looking
information. Tuscany does not undertake any obligation to update or
revise any forward-looking statements except as expressly required by
applicable securities laws. 
Tuscany International Drilling Inc.
Walter Dawson
Executive Chairman
(403) 265-8258
(403) 265-8793 (FAX) 
Tuscany International Drilling Inc.
Reg Greenslade
President & CEO
(403) 265-8258
(403) 265-8793 (FAX) 
Tuscany International Drilling Inc.
Matt Moorman
(403) 265-8258
(403) 265-8793 (FAX) 
Tuscany International Drilling Inc.
1950, 140-4th Avenue S.W.
Calgary, Alberta
Press spacebar to pause and continue. Press esc to stop.