Madison Energy Corp.

Madison Energy Corp.

June 10, 2008 12:27 ET

Madison Energy Retains Corporate Relations Firm

CALGARY, ALBERTA--(Marketwire - June 10, 2008) - Madison Energy Corp (TSX VENTURE:MDC) announces that it has retained Ardent Capital Inc. to provide corporate relations services. Ardent Capital has been engaged for a period of one year for $5,000 per month, and has been granted 75,000 stock options at a price of $0.17, subject to regulatory approvals. The options shall vest in accordance with TSX-V guidelines and Madison's stock option plan. Ardent Capital and its principals, Paul Lipoth and Kevin Richardson, have coordinated corporate relations programs since 2006, with experience in the field dating back to 1998.

Ardent Capital's duties will include coordinating investor relations activities, engaging the financial community, providing updates and handling follow ups with stakeholders and interested parties. This agreement will enhance Madison's exposure and complement its ability to initiate and maintain contact with current shareholders while reaching new potential investors.

At this time, Ardent is pleased to have the opportunity to draw attention to Madison's expanding operations in the Antler Sinclair area of Saskatchewan and Manitoba. The company continues to develop its interests in the region through the second and third quarters, focusing on drilling locations targeted to produce light oil from the Bakken / Torquay Formation.

Madison is a Calgary-based corporation engaged in the acquisition, exploration and development of resource properties. The company continues to generate drilling prospects internally to complement its strategy of combining organic growth with the continual evaluation of potential acquisitions with compelling exploitation opportunities. Common shares of the company trade on the TSX Venture Exchange under the trading symbol "MDC".

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Madison's control which may cause actual results, performance or achievements of the Madison to be materially different from the results, performance or expectations implied by these forward-looking statements.

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

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