Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

August 25, 2010 16:44 ET

Daytona Energy Corporation Announces the Results of Its Annual and Special Meeting of Shareholders and the Implementation of the Consolidation and Name Change

CALGARY, ALBERTA--(Marketwire - Aug. 25, 2010) - Riata Resources Corp. (formerly, Daytona Energy Corporation) (the "Company") (TSX VENTURE:DTE) is pleased to announce that the following matters put before the annual and special meeting of holders ("Shareholders") of common shares ("Common Shares") of the Company held on August 25, 2010 were approved:

  1. the election of Jacqueline M. Tucker, Jim D. Ford, Andrew Lee Smith and James R. Breimayer, as directors of the Company for the ensuing year;
  2. the appointment KPMG LLP as auditors of the Company;
  3. the name change to "Riata Resources Corp."; and,
  4. the consolidation (the "Consolidation") of the issued and outstanding Common Shares on the basis of one post- Consolidation Common Share for every ten pre-Consolidation Common Shares.

Accordingly, the Company has filed articles of amendment to implement the Consolidation and to change the name of the Company to "Riata Resources Corp."

The post-Consolidation Common Shares will begin trading under the new symbol "RTR" at the opening of business two or three trading days after TSX Venture Exchange approval of the Consolidation.

Letters of transmittal with respect to the Consolidation were mailed to all registered Shareholders on July 27, 2010, copies of which are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. To receive certificates representing post-Consolidation Common Shares, registered Shareholders should follow the instructions set out in the letter of transmittal and send their certificates representing pre- Consolidation Common Shares, together with a properly executed letter of transmittal, to Computershare Trust Company of Canada, the registrar and transfer agent of the Company. Beneficial Shareholders should contact their nominees with any questions regarding the procedures applicable to them.

The Company is a Calgary, Alberta, Canada based oil and gas exploration/development company, focused on gas exploration in Alberta, Canada. See the Company's website at www.DaytonaEnergy.com to review further details on its operations.

This news release contains forward-looking information within the meaning of applicable Canadian securities laws with respect to when the post-Consolidation Common Shares will begin trading on the TSX Venture Exchange. Such forward-looking information is subject to the ability of the Company to obtain all requisite approvals and accordingly, there can be no assurance that any of the foregoing actions by the Company will be completed as contemplated. The Company assumes no obligation to update and/or revise this forward-looking information except as required by law.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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