Tuscany Energy Ltd. (TSXV:TUS) has initiated a process to identify and examine strategic alternatives for the purpose of enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, the sale of all or a material portion of Tuscany's assets, or any combination of the foregoing. Dundee Securities Ltd. has been retained by Tuscany to act as its exclusive financial advisor.