Renegade Petroleum Ltd. Confirms March 2013 Dividend

Marketwired

CALGARY, ALBERTA--(Marketwire - March 14, 2013) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that a cash dividend in the amount of $0.019167 per share ($0.23 annualized) will be paid on April 15, 2013 to shareholders of record as of March 31, 2013. The ex-dividend date is March 26, 2013.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

CORPORATE INFORMATION

Renegade's common shares trade on the TSX Venture Exchange under the symbol "RPL". Renegade has approximately 203.1 million common shares outstanding and 211.8 million fully-diluted common shares.

Renegade is also pleased to announce that it has updated its corporate presentation which is available at www.renegadepetroleum.com.

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

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

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