TUS

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

Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) is
pleased to announce that it has filed and received a receipt for its final short
form prospectus in connection with its previously announced public offering of
units ("Units") and common shares ("Common Shares") of the Corporation to be
issued on a flow-through basis in respect of Canadian development expenses (the
"CDE FT Shares") at a price of $0.40 per Unit or CDE FT Share, as applicable.
The Corporation is also pleased to announce that the size of the offering has
been increased to an aggregate of 7,500,000 Units or CDE FT Shares or a
combination thereof, for aggregate gross proceeds of up to $3.0 million (the
"Offering"). 


Each Unit is comprised of one Common Share and one-half of one Common Share
purchase warrant ("Warrants"). Acumen Capital Finance Partners Limited, as lead
agent, and Industrial Alliances Securities Inc. and Richardson GMP Limited are
acting as agents under the Offering.


The net proceeds of the Offering will be used to temporarily reduce bank
indebtedness thereby freeing up additional borrowing capacity which is expected
to be used to partially fund the Corporation's ongoing capital expenditure
program, with proceeds from the issuance of the CDE FT Shares used to incur
eligible Canadian development expenditures that will be renounced to subscribers
effective on or before December 31, 2014.


The Offering is being conducted in the provinces of Alberta, British Columbia,
Saskatchewan and Ontario by way of short form prospectus and is expected to
close on or about July 17, 2014. Closing of the Offering is subject to certain
customary conditions, including the receipt of all necessary regulatory and
stock exchange approvals including that of the TSX Venture Exchange and all
applicable securities regulatory authorities.


This press release does not constitute an offer to sell or a solicitation of any
offer to purchase the Units or CDE FT Shares in the United States. The Common
Shares and Warrants comprising the Units and the CDE FT Shares have not been and
will not be registered under the U.S. Securities Act and may not be offered or
sold in the United States.


Tuscany is a heavy oil development and production company with reserves, land
holdings and production in Canada. The Company's principal focus is the
exploitation of oil resources in Alberta and Saskatchewan through horizontal
drilling. The majority of the Company's revenue is generated from oil sales in
Saskatchewan. 


ADVISORY: This press release contains forward looking statements. More
particularly, this press release contains statements concerning the anticipated
closing date of the Offering and the anticipated use of the net proceeds of the
Offering. Although Tuscany believes that the expectations reflected in these
forward looking statements are reasonable, undue reliance should not be placed
on them because Tuscany can give no assurance that they will prove to be
correct. Since forward looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. The closing
of the Offering could be delayed if Tuscany is not able to obtain the necessary
regulatory and stock exchange approvals on the timelines it has planned. The
Offering will not be completed at all if these approvals are not obtained or
some other condition to the closing is not satisfied. Accordingly, there is a
risk that the Offering will not be completed within the anticipated time or at
all. The intended use of the net proceeds of the Offering by Tuscany might
change if the board of directors of Tuscany determines that it would be in the
best interests of Tuscany to deploy the proceeds for some other purpose.


The forward looking statements contained in this press release are made as of
the date hereof and Tuscany undertakes no obligations to update publicly or
revise any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tuscany Energy Ltd.
Robert W. Lamond
Chairman & CEO
(403) 269-9889
(403) 269-9890 (FAX)


Tuscany Energy Ltd.
Charles A Teare
Executive Vice President CFO
(403) 269-9889
(403) 269-9890 (FAX)
www.tuscanyenergy.com

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