The following is for immediate release in Canada, July 17, 2012
TUSCANY ANNOUNCES A SUBSTANTIAL INCREASE OF ITS LINE OF CREDIT
Tuscany Energy Ltd. (TSXV: "TUS") wishes to announce that its line of credit has been increased from $4.6 million to $8.5 million effective immediately. The line, with Alberta Treasury Branches, is currently undrawn. Tuscany also has approximately $1.8 million in working capital.
Tuscany is an oil and gas exploration and production company based in Calgary, Alberta. Tuscany's current focus is on heavy oil exploration and development in Alberta and Saskatchewan.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Robert W. Lamond, President & CEO
Donald K. Clark, Vice President Operations & COO
TUSCANY ENERGY LTD.
Telephone: (403) 269-9889
Fax: (403) 269-9890
TSX Venture: TUS
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 RELEASE.