Mooncor announces grant of incentive stock options

    MOO: TSX Venture Exchange

    CALGARY, May 14 /CNW/ - Mooncor Oil & Gas Corp. ("Mooncor") announced
today, that its board of directors has approved the grant of 1,500,000 stock
options to certain officers, directors and consultants of Mooncor at an
exercise price of $0.315 per common share expiring on May 14, 2014.
    Mooncor currently has 91,759,576 issued and outstanding common shares and
accordingly can grant up to 9,175,957 stock options. In addition to the grant
announced today, Mooncor currently has 9,120,834 stock options outstanding.

    Business of Mooncor Oil & Gas Corp.

    Mooncor Oil & Gas Corp. is a junior oil and gas exploration and
development company with unconventional shale gas, light oil and heavy oil
projects in Saskatchewan, Alberta and southwestern Ontario. Mooncor is
focusing on its shale gas opportunities with a current emphasis on the high
impact proven shale gas play at Hamburg. Hamburg is Mooncor's newly discovered
southeast extension of the Horn River Basin Muskwa shale system into northwest

    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.

For further information:

For further information: Richard Cohen, Vice-President (Corporate
Development), Mooncor Oil & Gas Corp., Tel: (905) 882-4422,; Jason Monaco, First Canadian Capital Corp., Tel: (416)

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Mooncor Oil and Gas Corp.

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