TSX Delisting of Milagro Energy Inc. (MIG)

    TORONTO, Feb. 25 /CNW/ - The common shares of Milagro Energy Inc.
(Symbol: MIG) will now be delisted at the close of market on April 30, 2008
for failure to meet the continued listing requirements of TSX. As announced on
February 22, 2008, the Company has entered into an acquisition agreement with
Second Wave Petroleum Ltd. ("Second Wave") pursuant to which Second Wave has
agreed to make a formal take-over bid to acquire all outstanding common shares
of the Company.

    About TSX Group Inc. (TSX-X)

    TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading
North American exchange for the trading and clearing of natural gas and
electricity contracts and Shorcan Brokers Limited, the country's first fixed
income inter-dealer broker. TSX Group also owns The Equicom Group Inc., a
leading provider of investor relations and related corporate communication
services in Canada. TSX Group is headquartered in Toronto and maintains
offices in Montreal, Calgary and Vancouver.

For further information:

For further information: Corporate Communications, TSX Group Inc., Toll
Free 1-888-873-8392, info@tsx.com

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