March Resources Corp.
TSX VENTURE : MCF

March Resources Corp.

August 20, 2009 16:30 ET

March Announces Name Change and Consolidation

CALGARY, ALBERTA--(Marketwire - Aug. 20, 2009) - March Resources Corp. ("March" or the "Corporation") (TSX VENTURE:MCF) is pleased to announce that that it will change its name effective Friday, August 21, 2009 to "Ranger Energy Ltd." and consolidate its common shares on the basis of one (1) new post consolidation share for each three (3) current pre consolidation common shares. The name change and share consolidation were approved by the shareholders of the Corporation at the Annual General and Special Meeting held on August 12, 2009.

Commencing at the opening of trading on Friday, August 21, 2009 the common shares of the Corporation will trade on the TSX Venture Exchange under the symbol "RGG". Following the consolidation there are expected to be 21,209,478 post consolidation shares outstanding.

The Corporation has also received shareholder approval for the previously announced disposition of all of the issued and outstanding securities of March South America Holdings Ltd. ("March South America"). March South America is a wholly owned subsidiary of the Corporation, which holds the Special Operations Contracts with the Chilean government for the exploration of the Pica North and Pica South blocks in Northern Chile. It is expected that this transaction will close within the next two weeks.

The Corporation has begun to evaluate certain resource opportunities focusing mainly on international projects, at such time as an appropriate project is secured, additional financing will be necessary, this additional financing would come in the form of equity or debt financing.

Once the disposition has closed and has received final regulatory approval trading of the stock in the Corporation may be moved to the NEX board of the TSX-Venture Exchange.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.

Contact Information