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Madalena Announces Appointment of New VP Finance & CFO and Launches Updated Corporate Website

 Madalena Announces Appointment of New VP Finance & CFO and Launches Updated
                              Corporate Website

  PR Newswire

  CALGARY, February 20, 2013

CALGARY, February 20, 2013 /PRNewswire/ --

TSXV Trading Symbol: MVN

Madalena Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE: MVN) is
pleased to announce that Mr. Thomas Love has been appointed Vice President,
Finance and Chief Financial Officer of the Company, effective February 28,
2013. Mr. Love is a Chartered Accountant with over 35 years of experience in
the oil and gas industry, including both Western Canadian and International
experience. Most recently, Mr. Love was the former CFO and a director of
Online Energy Inc. ("Online") and had been providing consulting services to
the Company since the acquisition of Online. Prior to his role at Online, he
was the CFO of Trimox Energy Inc. and Moxie Exploration Ltd., and President
and Chief Executive Officer of Moxie Petroleum Ltd, where he worked alongside
members of the new Madalena management team. Earlier in Mr. Love's career, he
was involved in running the Canadian operations of a U.K. based International
E&P and articled at Ernst & Young LLP.

Madalena has also recently launched an updated version of its corporate
website where basic corporate information, recent news releases and regularly
updated corporate presentations are available. The website may be accessed at
http://www.madalena-ventures.com .

About Madalena - Domestic and International Assets

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.

Domestically, Madalena holds a significant acreage position in Western Canada,
with a core area of operations located in the Greater Paddle River area, where
the company holds approximately 200 gross (greater than 150 net) sections of
land across multiple light oil and liquids-rich gas resource plays. Madalena's
focus domestically is to exploit its large inventory of horizontal development
locations in its Ostracod oil, Notikewin/Wilrich liquids-rich gas, and Nordegg
oil & liquids-rich resource plays. Madalena also holds more than 100 sections
(100% W.I.) which are prospective for the Duvernay shale.

Internationally, Madalena holds three large blocks within the prolific Neuquén
basin in Argentina and is focused on the delineation and prove-up of its large
petroleum in-place shale & unconventional resources in the Vaca Muerta and
Agrio shales, alongside high impact plays in the Quintuco and Mulichinco
formations. Madalena holds 135,000 net acres across the Coiron Amargo (35,027
net acres), Curamhuele (50,400 net acres) and Cortadera (49,600 net acres)
blocks.

Madalena trades on the TSX Venture Exchange under the symbol MVN .

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.

For further information:

Kevin Shaw, P.Eng, MBA  President and Chief Executive Officer Madalena
Ventures Inc. Phone: +1-403-262-1901 (Ext. 230) kdshaw@madalena-ventures.com
 
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