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MARKSMEN ANNOUNCES GRANTING OF STOCK OPTIONS

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CALGARY, ALBERTA, March 01, 2023 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) announces the granting of stock options to purchase 6,105,000 common shares of the Company to directors, officers, employees and consultants subject to TSX Venture Exchange approval. The options were issued with an exercise price of $0.075 per share, vest immediately and have terms ranging from one to five years from the date of issuance.

Marksmen also sadly announces the passing of Mr. Don Jones, long standing Director and Audit Committee Chairman. Don will be missed by his friends and colleagues at Marksmen and the Company extends its sincere condolences to his family.

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For additional information regarding this news release please contact Archie Nesbitt, Director, and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

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 news release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain necessary approvals from the TSXV. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.


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