Ranger Energy Ltd.
TSX VENTURE : RGG

September 10, 2009 09:00 ET

Ranger Energy Ltd. Finalizes Disposition of Chilean Subsidiaries

CALGARY, ALBERTA--(Marketwire - Sept. 10, 2009) - Ranger Energy Ltd. (the "Corporation") (TSX VENTURE: RGG) announces that the Corporation has closed the transaction to dispose of all of the issued and outstanding securities of March South America Holdings Ltd. ("March South America"). The details of this disposition were previously announced by the Corporation on July 2, 2009. March South America was a wholly owned subsidiary of the Corporation, which held the Special Operations Contracts with the Chilean government for the exploration of the Pica North and Pica South blocks in Northern Chile.

The transaction requires final TSX Venture Exchange acceptance. Upon completion of the transaction, trading of the stock in the Corporation may be moved to the NEX board of the TSX-Venture Exchange.

The Corporation has begun to evaluate international resource opportunities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Trading in the securities of the Corporation should be considered highly speculative.

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