3MV Energy Announces Default under Senior Creditor Commitment Letter and Cancellation of Stock Options

/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES./

CALGARY, July 23, 2012 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) announces it has received notice it is in default under its Senior Creditor Commitment from its senior lender contained in a Payment Blockage Notice to the Company and its subordinated mezzanine lender.

The Company also announces the Board of Directors have cancelled all the outstanding stock options to purchase shares of the Company held by the directors the Company.

About 3MV

3MV is an oil and gas exploration and development company with assets throughout west central Saskatchewan's Viking oil play.

Neither 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.

SOURCE: 3MV Energy Inc.

For further information:

Curtis Schoenfeld 
President & CEO
(403) 234-8998

OR

Brian Radiff
VP, Corporate Development
(403) 817-0676

Profil de l'entreprise

3MV Energy Inc.

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