Madison Closes Sale of Its Garrington Alberta Property

Madison Closes Sale of Its Garrington Alberta Property

Calgary, Alberta CANADA, November 11, 2009 /FSC/ - Madison Energy Corp. (MDC - TSX Venture), is pleased to report that it has closed its previously announced sale of its oil and gas holdings in the Garrington area of Alberta to a third party, for gross proceeds of approximately $4.5 million.

The proceeds from the sale will be used to enhance Madison's working capital and for general corporate purposes.  Following the sale, Madison will continue to operate its oil & gas interests in the Meekwap and Giroux areas of Alberta and the Antler/Sinclair area in Manitoba.
Madison is Canadian oil and gas exploration and development company headquartered in Calgary, Alberta.


For more information please contact:

John Murdoch
President and Chief Executive Officer
Telephone (403) 266-3453 (x 221)

Pat Taguchi
Chief Financial Officer
(403) 266-3453 (x 223)


Advisory: This press release contains forward-looking statements subject to certain risks and assumptions, which may cause performance in the future to vary materially from this.  Only statements of historical fact are free from such variances.

Neither the 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.


Not for distribution to U.S. newswire services or for dissemination in the United States.  

Failure to comply with this restriction may constitute a violation of U.S. securities law


MADISON ENERGY CORP.
1250, 520 -5th Ave. S.W.
Calgary, Alberta T2P-3R7
Telephone: (403) 266-3453, Fax: (403) 266-8935




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