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MOO:TSX Venture Exchange

CALGARY, April 3 /CNW/ - Mooncor Oil & Gas Corp. ("Mooncor") announced today, that it intends to complete a non-brokered private placement financing pursuant to which Mooncor proposes to raise gross proceeds of up to $1,300,000 through the issuance of common share units ("Units") at a price of $0.20 per Unit. Each Unit is to consist of one common share in the capital of Mooncor and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant shall entitle the holder thereof to acquire one common share in the capital of Mooncor at an exercise price of $0.35 per share for a period of two years following the closing of the financing. All securities issued pursuant to the financing will be subject to a four-month hold period.

Finders fees may be payable to eligible persons with respect to the financing and will be subject to regulatory approval.

The net proceeds will be used by Mooncor for exploration on its oil and gas properties, working capital and property acquisitions.

Business of Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp. (through its wholly owned operating subsidiary Mooncor Energy Inc.) is a junior oil and gas exploration and development company with unconventional shale gas, light oil and heavy oil projects in Saskatchewan, Alberta and South Western Ontario. Mooncor is focusing on its shale gas opportunities with a current emphasis on its high impact proven shale gas play in the Western Canadian Sedimentary Basin.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.