MNP PETROLEUM CORP ANNOUNCES NORMAL COURSE ISSUER BID

Ulaanbaatar /MONTSAME/ MNP Petroleum Corp operating in Mongolia has announced that, subject to regulatory approval, it intends to repurchase up to 8,296,614 of its common shares, or up to five percent of the 172,592,292 common shares that are currently issued and outstanding, in a normal course issuer bid to be conducted by Jennings Capital Inc. According to news published at marketwired.com website on Tuesday, all purchases of common shares under the bid will be effected on the TSX Venture Exchange or the OTCQB in the United States (or such other stock exchange or quotation system upon which the company's shares may then be listed or quoted) and, in any event, in accordance with the rules and policies of the TSX Venture Exchange and applicable securities laws. The shares are being purchased because MNP believes that its common shares currently trade in a price range that does not adequately reflect their underlying value, based on its business prospects, assets and financial position. Under the normal course issuer bid, MNP will not repurchase any securities when it is in possession of undisclosed material information or during any 'blackout' periods imposed by its Insider Trading Policy. Subject to approval by the TSX Venture Exchange, MNP plans to repurchase common shares under the normal course issuer bid during the period beginning May 19, 2014, and ending 12 months thereafter. About MNP Petroleum Corp MNP is an international oil and gas company with primary focus on exploration and development in Central Asia and Mongolia. In Mongolia, MNP owns 74% working interest in two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG.