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Compton Petroleum Draws Out MFC Take-Over Offer

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August 17, 2012

Compton Petroleum Corporation (TSX - CMT) announces that MFC Industrial Ltd. ("MFC") has extended the expiry time of its take-over bid offer for all of Compton's outstanding shares for cash consideration of $1.25 per Common Share to 5:00 p.m. (PDT) on August 27, 2012.

As at the date hereof, approximately 24.1 million Compton Shares have been deposited to the Offer, representing approximately 91.3% of the currently outstanding Compton Shares. This satisfies the 66.67% minimum tender requirement of the Offer.

The Offer has been extended as Compton and MFC are awaiting ...

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