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TSX Venture Exchange has accepted for filing final documentation in respect of the Company's acquisition of all the outstanding common shares of Sharon Energy Ltd. (Sharon)

TUSCANY ENERGY LTD. ("TUS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 23, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing final documentation in respect of the Company's acquisition of all the outstanding common shares of Sharon Energy Ltd. (Sharon), a TSX Venture listed issuer, pursuant to an arrangement agreement dated as of April 18, 2011 (the Arrangement Agreement), as entered into between the Company and Sharon. In accordance with the Arrangement Agreement, the shareholders of Sharon received 0.84 common shares of the Company for each common share held in Sharon, resulting in the issuance of an aggregate of 62,070,594 common shares of the Company.

Insider / Pro Group Participation:

For more details, please refer to the Joint Information Circular of the Company and Sharon dated April 28, 2011, as well as the Exchange Bulletin dated June 23, 2011, delisting the common shares of Sharon.