NEWS RELEASE: PARAMOUNT RESOURCES LTD. COMPLETES ACQUISITION OF MGM
Paramount Resources Ltd. (TSX:POU) and MGM Energy Corp. (TSX:MGX) announced today that
Paramount has completed the acquisition of all of the outstanding common shares of MGM Energy not
owned by it pursuant to an arrangement under the Business Corporations Act (Alberta). Paramount
issued 1,127,790 Class A Common Shares in connection with the transaction. The common shares of
MGM Energy are delisted from the Toronto Stock Exchange.
Paramount is a Canadian oil and natural gas exploration, development and production company with
operations focused in Western Canada. Paramount’s Class A Common Shares are listed on the Toronto
Stock Exchange under the symbol "POU".