Madison Energy Corp.

Madison Energy Corp.

January 18, 2010 11:14 ET

Madison Repays Convertible Debentures

CALGARY, ALBERTA--(Marketwire - Jan. 18, 2010) - Madison Energy Corp. (TSX VENTURE:MDC) ("Madison" or the "Corporation") is pleased to announce that it has repaid the remaining principal and interest on its outstanding convertible debentures, originally issued in August 2007, in the remaining principal amount of $625,000.

Investors are cautioned that this news release contains forward looking information. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements.

Neither 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.

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