Manitok Energy Inc. Announces $20.3 Million Bought Deal Public Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA. 


Manitok Energy Inc. ("Manitok") (TSX VENTURE:MEI) is pleased to announce that it
has entered into an agreement with a syndicate of underwriters co-led by
National Bank Financial Inc., Dundee Securities Ltd. and Macquarie Capital
Markets Canada Ltd. and including Integral Wealth Securities Ltd. and TD
Securities Inc. (collectively, the "Underwriters"), pursuant to which the
Underwriters have agreed to purchase, on a "bought deal" basis, 4,508,000 common
shares in the capital of Manitok ("Common Shares") to be issued on a Canadian
Exploration Expense ("CEE") flow-through basis under the Income Tax Act (Canada)
("CEE Flow Through Shares") at a price of $3.60 per CEE Flow Through Share and
1,223,900 Common Shares to be issued on a Canadian Development Expense ("CDE")
flow-through basis under the Income Tax Act (Canada) ("CDE Flow Through Shares"
and together with CEE Flow Through Shares, the "Offered Shares") at a price of
$3.35 per CDE Flow through Share for an aggregate gross proceeds of
approximately $20.3 million pursuant to a short form prospectus (the
"Offering"). 


The proceeds from the issuance of Offered Shares will be used by Manitok to
incur CEE and CDE expenses (the "Qualifying Expenditures") on Manitok's existing
Canadian properties prior to December 31, 2014 and Manitok will renounce the
Qualifying Expenditures to subscribers of the Offered Shares for the fiscal year
ended December 31, 2013. 


The Offering is scheduled to close on or about November 8, 2013 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange.


Under the terms of the agreement, Manitok is required to file a preliminary
short form prospectus and obtain a receipt therefor from the securities
regulatory authorities in all provinces of Canada, except Quebec, on or prior to
October 25, 2013. 


About Manitok

Manitok is a public oil and gas exploration and development company focusing on
conventional oil and gas reservoirs in the Canadian foothills and Southeast
Alberta. The Corporation will utilize its experience and expertise to develop
the untapped conventional sweet oil and liquids-rich natural gas pools in both
the Foothills and Southeast Alberta areas of the Western Canadian Sedimentary
Basin.


Forward-looking Information Cautionary Statement

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the completion and terms of the
Offering and the expected use of proceeds therefrom.


The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Manitok, including without limitation:
(i) with respect to the anticipated closing date of the Offering, expectations
and assumptions concerning timing of receipt of required regulatory approvals
and the satisfaction of other conditions to the completion of the Offering, and
(ii) with respect to the remaining forward-looking statements, expectations and
assumptions concerning the success of future drilling and development
activities. 


Although Manitok believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Manitok 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. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the failure to obtain necessary regulatory approvals or
satisfy the conditions to closing of the Offering, risks associated with the oil
and gas industry in general (e.g., operational risks in development, exploration
and production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of reserves
estimates; the uncertainty of estimates and projections relating to production,
costs and expenses; and health, safety and environmental risks), uncertainty as
to the availability of labour and services, commodity price and exchange rate
fluctuations, unexpected adverse weather conditions and changes to existing laws
and regulations. Certain of these risks are set out in more detail in Manitok's
current Annual Information Form, which is available on Manitok's profile on the
System for Electronic Document Analysis and Retrieval ("SEDAR") website at
www.sedar.com and on the Corporation's website at www.manitokenergy.com. 


Forward-looking information is based on estimates and opinions of management of
Manitok at the time the information is presented. Manitok may, as considered
necessary in the circumstances, update or revise such forward-looking
information, whether as a result of new information, future events or otherwise,
but Manitok undertakes no obligation to update or revise any forward-looking
information, except as 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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Manitok Energy Inc.
Massimo M. Geremia
President and Chief Executive Officer
403-984-1751
mass@manitok.com
www.manitokenergy.com
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