MEG Energy Corp. files preliminary prospectus

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, July 5 /CNW/ - MEG Energy Corp. (MEG) today filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its common shares.

The underwriting syndicate is led by Credit Suisse Securities (Canada), Inc., BMO Nesbitt Burns Inc., Barclays Capital Canada Inc., and Morgan Stanley Canada Limited, and will be co-managed by TD Securities Inc., Goldman Sachs Canada Inc., Scotia Capital Inc., FirstEnergy Capital Corp. and Peters & Co. Limited.

A copy of the amended and restated preliminary prospectus has been filed on SEDAR and is available for review at www.sedar.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or a sale would be unlawful. The preliminary prospectus has not yet become final for the purpose of a distribution to the public and there shall not be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

About MEG

MEG Energy Corp. is an oil sands company focused on sustainable in situ oil sands development and production in the southern Athabasca region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG is not engaged in oil sands mining.

For further information: Dale J. Hohm, CA, Chief Financial Officer, MEG Energy Corp., [phone], [email protected]