PetroMagdalena Energy Corp. announced that the Supreme Court of British Columbia has issued a Final Order approving the Plan of Arrangement involving PetroMagdalena, holders of common shares and common share purchase warrants of PetroMagdalena and 0942183 B.C. Ltd., a wholly owned subsidiary of Pacific Rubiales Energy Corp. Receipt of the Final Order follows PetroMagdalena's special meeting of Securityholders held on July 23, 2012 wherein approximately 95.87% of all Securityholders, present in person or represented by proxy and voting as a single class, voted in favour of the Plan of Arrangement. Under the Plan of Arrangement, (i) each former holder of common shares will receive CAD 1.60 in cash for each common share held immediately prior to the Plan of Arrangement becoming effective, and (ii) each former holder of common share purchase warrants will receive CAD 0.25 in cash for each common share purchase warrant held immediately prior to the Plan of Arrangement becoming effective.

PetroMagdalena Energy Corp. Presents at MiNE LLC's "Oil & Gas Finance Forum 2012 ", Jun-13-2012 . Venue: Yankee Stadium, New York, New York, United States.

PetroMagdalena Energy Corp., Special/Extraordinary Shareholders Meeting, Jul 23, 2012., at 14:00 US Eastern Standard Time. Location: Trump International Hotel and Tower. Agenda: To consider and, if thought advisable, approve a special resolution approving a plan of arrangement involving PetroMagdalena, the shareholders, warrant holders and 0942183 B.C. Ltd. to be carried out pursuant to the arrangement agreement previously executed and announced by the company on June 5, 2012.