Rally Energy Corp.

Rally Energy Corp.

January 07, 2005 18:44 ET

Rally Energy Corp. Announces Full Exercise of Warrants


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RALLY ENERGY CORP.

TSX VENTURE SYMBOL: RAL
FRANKFURT SYMBOL: RLE

JANUARY 7, 2005 - 18:44 ET

Rally Energy Corp. Announces Full Exercise of Warrants

CALGARY, ALBERTA--(CCNMatthews - Jan. 7, 2005) -

Warrants fully exercised

Rally Energy Corp. (TSX VENTURE:RAL)(FWB:RLE) is pleased to announce
receipt of $1.7 million from the exercise of 1,676,472 Purchase
Warrants. The Warrants were issued on June 13, 2002 and were exercisable
for $1.00 per common share on or before December 31, 2004. Upon issuance
of these shares, Rally Energy has 74,350,379 common shares outstanding;
(86,678,136 fully diluted).

Personnel Changes

Effective December 31, 2004, Mr. Ron Johnston resigned his position as
Vice President, Corporate Development. The Corporation thanks Mr.
Johnston for his contribution to the growth of Rally Energy and wishes
him well in his future endeavors.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Rally Energy Corp.
    Lamont Tolley
    President & CEO
    (403) 538-0000
    or
    Rally Energy Corp.
    Douglas C. Urch
    Vice President, Finance & CFO
    (403) 538-0000
    (403) 538-3705 (FAX)
    www.rallyenergy.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.