Mako Hydrocarbons Ltd : Partial Duvernay Rights Sale to Existing Partner

NEWS RELEASE

Partial Duvernay Rights Sale to Existing Partner

September 13, 2012 - Calgary; September 13, 2012 - Perth
Mako Hydrocarbons Ltd. (ASX: MKE, "Mako" or the "Company") is pleased to announce that it has closed an asset sale for $1.75 million with the operator and partner of its regional joint venture in the Rimbey area of west central Alberta, Canada.
The transaction conveys a 40% working interest in the petroleum and natural gas rights below the Rock Creek formation in an outlying 6.25 sections of land (4,000 acres gross;
1,600 hectares gross) to the operator of Mako's adjoining 30 section block joint venture.
This transaction consolidates these additional lands under common ownership and operations to facilitate future economic drilling and development of the property. The prospective target is the liquids rich Duvernay shale formation. The Company retains a
10% working interest in the conveyed property.
This sale advances Mako's overall regional strategy to manage development risk and maximize risk adjusted returns by engaging participants to assist in the development of the Company's Duvernay acreage in west central Alberta. The effective date of the sale is August 1, 2012. Proceeds will be used to fund ongoing development and general corporate purposes.

Mako Hydrocarbons Ltd. is a dynamic, Calgary based exploration and production company concentrating on value creation through the exploitation of its interests in the world class, Duvernay liquids rich natural gas shale, and the light oil and liquids rich window of the Rock Creek formation in west central Alberta. Mako is committed to conducting it operations safely, and in a socially and environmentally responsible manner.

For further information, please contact: ASX Code: MKE OTC QX Code: MAEEY Board of Directors Mr. George Watson Chairman

Mr. Simon Owen

Executive Vice Chairman

Mr. Paul Griese

Managing Director

Mr. Graham Anderson

Non Exec Director

Mr. Garry Mihaichuk

Non Exec Director

Management Mr. Paul Griese President & Managing Director

Mr. Cam Bolter

Vice President, Exploration

Mr. Brad Crowe

Vice President, Land

Mr. Stuart Keck

Chief Operating Officer

Mr. Jim Wilson

CFO & Corporate Secretary

Mr. Simon Owen

Executive Vice Chairman

Mr. Malcolm Bult

Executive Advisor

Mr. Leonard Math

Asst. Corporate Secretary

Mako Hydrocarbons Ltd. [e-mail] |

www.makohydrocarbons.com | ABN: 33 009 218 955

Australian Office: Canadian Office:

14 Emerald Terrace, Suite 800, 521 Third Avenue S.W. West Perth, WA, Australia 6005 Calgary, Alberta, Canada, T2P 3T3

Main: [phone] | Fax: [phone] Main: [phone] | Fax: [phone]