Madalena Announces Grant of Options

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION 
IN THE UNITED STATES/ 
TSXV Trading Symbol: MVN 
CALGARY, Nov. 30, 2012 /CNW/ - The Board of Directors of Madalena Ventures 
Inc. ("Madalena" or the "Corporation") announces as part of its compensation 
process, the grant of options ("Options") to new officers and existing 
employees and consultants of the Corporation and its subsidiaries. Of the 
6,010,000 Options granted, a total of 4,600,000 Options were granted to the 
newly hired officers of the Corporation or its subsidiaries. Each Option has 
an exercise price of $0.29 per share and is exercisable for a period of five 
years from the date of grant. 
The Corporation's rolling stock option plan was approved by the shareholders 
at the Annual and Special Meeting of shareholders held on June 14, 2012. The 
Corporation's stock option plan currently reserves up to 31,430,719 Common 
Shares for issuance pursuant to Options, which is equal to 10% of the number 
of issued and outstanding Common Shares. Options to purchase 22,333,699 
Common Shares are now outstanding, which is equal to approximately 7.1% of the 
number of issued and outstanding Common Shares. 
About Madalena 
Madalena is an independent, Canadian-based, domestic and international 
upstream oil and gas company whose main business activities include 
exploration, development and production of crude oil, natural gas liquids and 
natural gas. The Company currently has production and exploration operations 
in Canada and Argentina. Madalena is publicly traded on the TSXV under the 
symbol "MVN". 
MADALENA VENTURES INC. 
On behalf of the Board 
"Kevin Shaw" 
Kevin Shaw,
President and Chief Executive Officer 
Forward Looking Statements 
The information in this news release contains certain forward-looking 
statements. These statements relate to future events or our future 
performance. All statements other than statements of historical fact may be 
forward-looking statements. Forward-looking statements are often, but not 
always, identified by the use of words such as "seek", "anticipate", "plan", 
"continue", "estimate", "approximate", "expect", "may", "will", "project", 
"predict", "potential", "targeting", "intend", "could", "might", "should", 
"believe", "would" and similar expressions. These statements involve 
substantial known and unknown risks and uncertainties, certain of which are 
beyond the Corporation's control, including: the impact of general economic 
conditions; industry conditions; changes in laws and regulations including the 
adoption of new environmental laws and regulations and changes in how they are 
interpreted and enforced; fluctuations in commodity prices and foreign 
exchange and interest rates; stock market volatility and market valuations; 
volatility in market prices for oil and natural gas; liabilities inherent in 
oil and natural gas operations; uncertainties associated with estimating oil 
and natural gas reserves; competition for, among other things, capital, 
acquisitions, of reserves, undeveloped lands and skilled personnel; incorrect 
assessments of the value of acquisitions; changes in income tax laws or 
changes in tax laws and incentive programs relating to the oil and gas 
industry ; geological, technical, drilling and processing problems and other 
difficulties in producing petroleum reserves; and obtaining required approvals 
of regulatory authorities. The Corporation's actual results, performance or 
achievement could differ materially from those expressed in, or implied by, 
such forward-looking statements and, accordingly, no assurances can be given 
that any of the events anticipated by the forward-looking statements will 
transpire or occur or, if any of them do, what benefits that the Corporation 
will derive from them. These statements are subject to certain risks and 
uncertainties and may be based on assumptions that could cause actual results 
to differ materially from those anticipated or implied in the forward-looking 
statements. The Corporation's forward-looking statements are expressly 
qualified in their entirety by this cautionary statement. Except as required 
by law, the Corporation undertakes no obligation to publicly update or revise 
any forward-looking statements. Investors are encouraged to review and 
consider the additional risk factors set forth in the Corporation's Annual 
Information Form which is available on SEDAR at www.sedar.com. 
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
This news release does not constitute an offer to sell or the solicitation of 
any offer to buy the securities in any jurisdiction. The Common Shares will 
not be and have not been registered under the United States Securities Act of 
1933 and may not be offered or sold in the United States, or to a U.S. person, 
absent registration, or an applicable exemption therefrom." 
Kevin Shaw President and Chief Executive Officer Madalena Ventures Inc. 
Phone: (403) 835-3158 
SOURCE: Madalena Ventures Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/30/c5384.html 
CO: Madalena Ventures Inc.
ST: Alberta
NI: OIL  
-0- Dec/01/2012 02:12 GMT
 
 
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