MCW Energy Group Appoints KCSA as Strategic Communications and Investor Relations Counsel

TORONTO, Oct. 24, 2016 /CNW/ - MCW Energy Group Limited ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies and the production of oil from Utah's vast oil sands deposits, today announced it has retained KCSA Strategic Communications, a leading New York-based communications firm, to lead the Company's strategic communications and investor relations programs.

KCSA intends to deploy an investor relations campaign designed to increase awareness of MCW Energy Group among the investment community through a comprehensive communications effort. KCSA's objectives include, among others, communications, strategy and introductions to the institutional investment community. Since KCSA's inception nearly fifty years ago, the firm has developed a strong reputation for its work representing public companies.

Dr. Gerald Bailey, Chief Executive Officer of MCW Energy Group, stated, "We look forward to working with Todd Fromer and the entire KCSA team on a strategic communications and investor relations program. Given the recent acquisition of our Houston-based, exploration and production company, Accord GR Energy, Inc., management and the Board agreed now is the time to engage a leading communications firm to assist in presenting our story to the investment community. KCSA has decades of experience and a talented team to help lead this effort."

Todd Fromer, Managing Partner of KCSA Strategic Communications, commented, "Over the course of our extensive history at KCSA we have worked with many exploration and production companies. Based on our experience and network of investors within the space, we believe KCSA is the right firm to focus the Company's communication strategy and help tell this compelling story to key institutional investors. We are pleased to implement this communications plan based on best practices for MCW Energy Group."

About KCSA Strategic Communications:
KCSA is a fully integrated communications agency specializing in public relations, investor relations and marketing with expertise in financial and professional services, technology, healthcare, media, energy and public services companies. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm's clients are its best references. For more information, please visit www.kcsa.com.

About MCW Energy Group Limited:
MCW Energy Group Limited is focused on value creation via the development and implementation of (i) proprietary, environmentally-friendly oil sands extraction technologies and remedial tailings ponds project solutions, (ii) expanding production capacities of its now operational oil sands project in Asphalt Ridge, Utah, and (iii) the formulation of worldwide joint ventures and the licensing of oil sand opportunities with private and governmental resource entities within countries possessing extensive oil sands/shale deposits. MCW's management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release, include, but are not limited to, the closing of the transactions contemplated by the amending agreements, approval of the shares for debt transaction by the TSX Venture Exchange, commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW, and the commercial production of oil from MCW's oil sands extraction plant in Asphalt Ridge, Utah. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results, including, without limitation, receipt of all necessary approvals, including from the TSX Venture Exchange, for the amending agreement. Although MCW believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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

SOURCE MCW Energy Group Limited

Released October 24, 2016