Renegade Petroleum Ltd. Announces Voluntary Surrender of Options

Marketwired

CALGARY, ALBERTA--(Marketwire - Feb. 5, 2013) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES

Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that holders of an aggregate of 9,152,800 stock options of the Company ("Options") have voluntarily surrendered such Options for nominal consideration. Following the surrender of such Options, the Company has 968,500 Options outstanding pursuant to the option plan of the Company.

CORPORATE INFORMATION

Renegade's common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade currently has approximately 203.1 million common shares outstanding and 210.7 million diluted common shares.

Contact:
Renegade Petroleum Ltd.
Michael Erickson
President & CEO
(403) 355-8922

Renegade Petroleum Ltd.
Alex Wylie
Vice-President, Finance & CFO
(403) 410-3376

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