Manitok Energy Inc Announces Intention To Commence Normal Course Issuer Bid

Manitok Energy Inc announced that it intends to conduct a normal course issuer bid to purchase for cancellation up to 4,435,055 common shares in the capital of Manitok, representing 10% of its Public Float. Manitok plans to fund the Bid with its cash flow and available financing under its credit facility. The Bid will be conducted through the facilities of the Exchange. The Bid is being launched because management is of the view that the purchase of its Common Shares at the appropriate level will help create additional value for Manitok's shareholders. It is expected that the Bid will commence on June 18, 2012 and will continue until June 17, 2013 or such earlier date as Manitok has purchased the maximum of 4,435,055 Common Shares. Manitok has retained Integral Wealth Securities Ltd. as its broker to conduct the Bid on Manitok's behalf.