Mirage Energy Ltd.
TSX VENTURE : MGE

Mirage Energy Ltd.

January 30, 2007 18:09 ET

Mirage Energy Ltd. Amendments to Warrants

CALGARY, ALBERTA--(CCNMatthews - Jan. 30, 2007) - Mirage Energy Ltd. (TSX VENTURE:MGE) ("Mirage" or the "Company") announces that, subject to regulatory approval, it has amended the terms of previously granted share purchase warrants (the "Warrants"). The Warrants were granted pursuant to a private placement which closed on July 18, 2006 and are exercisable into one flow-through share (a "Flow-Through Share") of the Company at a price of $0.75 on or before January 31, 2007. As a result of the amendment, the Warrants will now be exercisable at a price of $0.60 per Flow-Through Share and will expire on March 2, 2007.

Mirage is a junior oil and gas company focused on the acquisition, exploration and development of oil and natural gas in western Canada.

ADVISORY

Statements in this press release may contain forward-looking statements including expectations with respect to future events and the actions of third parties. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the underlying risks of the oil and gas industry (i.e. operational risks in development, exploration and production; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserves estimates; the uncertainty of estimates and projections relating to production, costs and expenses, adequate available financing and health, safety and environmental factors), commodity price and exchange rate fluctuation and uncertainties.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mirage Energy Ltd.
    Rene LaPrade, P.Eng
    President and CEO
    (403) 232-1359
    (403) 232-1307 (FAX)
    Email: rene@mirage-energy.ca
    or
    Mirage Energy Ltd.
    800 - 510 5th Street SW
    Calgary, Alberta T2P 3J4