Madison Energy Corp.

Madison Energy Corp.

April 30, 2009 11:46 ET

Madison Energy Files Its Annual Audited Financial Statements and Statement of Reserve Data

CALGARY, ALBERTA--(Marketwire - April 30, 2009) - Madison Energy Corp. (TSX VENTURE:MDC) ("Madison" or the "Company") today filed with the securities regulatory authorities in Canada its statement of reserves data for the year ended December 31, 2008 ("Statement of Reserves Data"), which includes the disclosure and reports relating to reserves data and other oil and gas information. The information is filed along with the Audited Annual Financials and MD&A on the System for Electronic Document Analysis and Retrieval ("SEDAR"). Also filed on SEDAR in conjunction with this press release, Form 51-101F2 Report on Reserves Data by FEKETE Associates Inc. and Form 51-101F3 Report of Management and Directors on Reserves Data and Other Information.

This filing is available for review at

Madison is a Canadian oil exploration and development company headquartered in Calgary, Alberta, Canada. Madison's objective is to create value for its shareholders through the discovery, and development of oil and gas reserves. Madison is currently focused on opportunities in Saskatchewan and Manitoba and has production operations in Alberta and Saskatchewan. Madison is listed on the TSX Venture exchange under the symbol "MDC".

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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