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04 Avril 2012 13:55 Madalena Comments on Recent Press Announcements
Madalena Comments on Recent Press AnnouncementsCanada NewsWireCALGARY, April
4, 2012


TSXV Trading Symbol: MVN

CALGARY, April 4, 2012 /CNW/ - Madalena Ventures Inc. and its wholly owned
subsidiary Madalena Austral SA ("Madalena" or the "Company"), have commented
today on press announcements in Argentina that certain blocks held by other
operators in the Province of Neuquen have been revoked due to a lack of
investment. As previously reported the Company has met or exceeded the work
requirements specified on all three of its exploration blocks and has
recently agreed with the Province forward plans for each block which the
Company is actively pursuing as part of its 2012 drilling programs. Under
the terms of the various agreements, the northern 108 km2 of the 404 km2
Coiron Amargo Block was recently converted by the Province to a 25 year
exploitation concession. In addition, the exploration period for the
remainder of the Coiron Amargo Block and the Curamhuele Block was extended
to November 8, 2013. About Madalena Madalena is an independent, Canadian-
based, international upstream oil and gas company whose main business
activities include exploration, development and production of crude oil,
natural gas liquids and natural gas. The Company currently has production
and exploration operations in Argentina and is focused on international oil
and gas opportunities in South America. Madalena is publicly traded on the
TSXV under the symbol "MVN". Forward Looking Statements and BOE
equivalents The information in this news release contains certain forward-
looking statements. These statements relate to future events or our future
performance. All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "approximate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might", "should",
"believe", "would" and similar expressions. These statements involve
substantial known and unknown risks and uncertainties, certain of which are
beyond the Company's control, including: the impact of general economic
conditions; industry conditions; changes in laws and regulations including
the adoption of new environmental laws and regulations and changes in how
they are interpreted and enforced; fluctuations in commodity prices and
foreign exchange and interest rates; stock market volatility and market
valuations; volatility in market prices for oil and natural gas; liabilities
inherent in oil and natural gas operations; uncertainties associated with
estimating oil and natural gas reserves; competition for, among other
things, capital, acquisitions, of reserves, undeveloped lands and skilled
personnel; incorrect assessments of the value of acquisitions; changes in
income tax laws or changes in tax laws and incentive programs relating to
the oil and gas industry ; geological, technical, drilling and processing
problems and other difficulties in producing petroleum reserves; and
obtaining required approvals of regulatory authorities. The Company's actual
results, performance or achievement could differ materially from those
expressed in, or implied by, such forward-looking statements and,
accordingly, no assurances can be given that any of the events anticipated
by the forward-looking statements will transpire or occur or, if any of
them do, what benefits that the Company will derive from them. These
statements are subject to certain risks and uncertainties and may be based
on assumptions that could cause actual results to differ materially from
those anticipated or implied in the forward-looking statements. The
Company's forward-looking statements are expressly qualified in their
entirety by this cautionary statement. Except as required by law, the
Company undertakes no obligation to publicly update or revise any forward-
looking statements. Investors are encouraged to review and consider the
additional risk factors set forth in the Company's Annual Information Form,
which is available on SEDAR at www.sedar.com. Neither the TSX Venture
Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

Dwayne H. Warkentin President and Chief Executive Officer Madalena
Ventures Inc. Phone: (403) 233-8010 ext 229

Anthony J. Potter Vice President, Finance and Chief Financial Officer
Madalena Ventures Inc. Phone: (403) 233-8010 ext 233

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