Ranger Energy Ltd.

September 16, 2009 18:03 ET

Ranger Energy Ltd. Transfers to NEX

CALGARY, ALBERTA--(Marketwire - Sept. 16, 2009) - RANGER ENERGY LTD. (the "Corporation") (TSX VENTURE:RGG) announces that, pursuant to TSX Venture Exchange (the "Exchange") Policy 2.5, effective September 18, 2009, the Corporation will be transferred to the NEX Board of the Exchange from Tier 2 of the Exchange (the "Transfer").

The Transfer occurred because the Corporation has disposed of its assets in Chile and the Corporation is unable to demonstrate that it meets Exchange Tier 2 listing requirements. As of September 18, 2009, the Corporation is subject to restrictions on share issuances and certain types of payments as set out in NEX policies.

The trading symbol for the Corporation has changed from RGG to RGG.H.

The Corporation as received all required approvals in regard to the sale of all of the issued and outstanding securities of March South America Holdings Ltd. ("March South America"). 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 Corporation's management has begun to evaluate potential international resource opportunities.

Trading in the securities of the Corporation should be considered highly speculative.

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.

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