Mirage Energy Closes Non-Brokered Flow-Through Private Placement

Mirage Energy Ltd. has closed its previously announced non-brokered private placement (the "Private Placement") of flow-through shares renounced to subscribers as Canadian Development Expenses. Pursuant to the Private Placement an aggregate of 2,905,375 flow-through shares at a price of $0.08 per flow-through share were sold for aggregate proceeds of $232,430.

Proceeds of the private placement will be used to fund development operations on the Company's oil and gas properties.

The securities issued pursuant to the Private Placement are subject to a hold period of 4 months and one day from closing of the Private Placement.

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.