Mako Hydrocarbons Ltd : Update - Sale of Duvernay and Rock Creek Acreage

NEWS RELEASE

Update - Sale of Duvernay and Rock Creek Acreage

September 6, 2013 - Perth, September 5, 2013 - Calgary
Mako Hydrocarbons Ltd. (ASX: MKE, "Mako" or the "Company") is pleased to announce the company has executed a letter of intent to sell a carried interest in its southern Rimbey Duvernay Acreage to Black Swan Energy Limited (Black Swan) for a cash consideration. The acreage to be sold is the retained 10% carried interest in the Rimbey, Alberta sections that Black Swan acquired in January 2012, and is occurring in conjunction with an identical transaction involving Tamaska (ASX:TMK), Transerv (ASX:TSV) and associates who control the further 10% carried interest not already owned by Black Swan.
This sale is in addition, and without prejudice, to the Duvernay acreage sale announced on 5 March 2013 by Tamaska and Transerv with Canadian Pan Ocean ("CPO").
Tamaska, Transerv and CPO have executed an extension agreement that gives CPO further time to close that transaction, and Tamaska and Transerv have reiterated their commitment to conclude the transaction as soon as practicable.
CPO have indicated they are in the late stages of securing the funds they need to complete the acquisition, as well as to proceed with the Company's JV previously announced.
The Company looks forward to providing further clarity and detail on these transactions and other matters over the coming weeks, once binding documents have been executed. It is expected, at this stage, that the sale to Black Swan would close within the next two to three weeks and further details of the terms will be available then.

ASX Code: MKE 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. Simon Owen

Executive Vice Chairman

Mr. Leonard Math

Corporate Secretary

In the meantime the Company would also like to note for the record that all outstanding listing fees due to the ASX have been met within the required timeframes.

For further information, please contact:

Paul Griese	Simon Owen
President & Managing Director	Executive Vice Chairman
[phone]	[phone]

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]