Mazarin Inc.: Announcement

At a regularly scheduled meeting held on November 22, 2012, the Board of
Directors of Mazarin Inc. (the "Corporation") (TSX VENTURE:MAZ.H)(NEX:MAZ) has
decided to grant to officers and directors a total of 1,450,000 options to
purchase common shares of the Corporation at a price of $0.02, being the closing
price of the common shares of the Corporation on NEX on November 21, 2012, in
accordance with the terms and conditions of the Stock Option Plan of the
Corporation, approved by its shareholders. The Corporation has received notice
from the TSX Venture Exchange that the minimum exercise price for incentive
stock options is $0.10 per share. At a meeting held on December 3, 2012, the
Board of Directors of the Corporation increased from $0.02 to $0.10 per share
the exercise price for the 1,450,000 options to purchase common shares.


FOR FURTHER INFORMATION PLEASE CONTACT: 
John LeBoutillier
President
(418) 338-5195
(418) 338-6069 (FAX)
jleboutillier@mazarin-inc.com

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