Rally Energy Corp.

Rally Energy Corp.

March 10, 2005 08:00 ET

Rally Energy Corp. Appoints VP, Production and Engineering


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RALLY ENERGY CORP.

TSX VENTURE SYMBOL: RAL
FRANKFURT SYMBOL: RLE

MARCH 10, 2005 - 08:00 ET

Rally Energy Corp. Appoints VP, Production and
Engineering

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) - Rally Energy Corp.
(TSX VENTURE:RAL) (FWB:RLE)

Executive Changes

Rally Energy is pleased to announce the appointment of Doug Brown to the
position of Vice-President, Production and Engineering. In this
important position, Mr. Brown will be responsible for international and
Canadian production operations. Prior to accepting this appointment, Mr.
Brown provided technical consulting services to Rally Energy in
connection with production optimization and operations management. Mr.
Brown is a professional engineer with approximately 20 years experience
in senior management positions, including experience with Amoco Canada
(14 years), BP Canada (2 years) and Flint Energy Services (2 years).
Since 2003, Mr. Brown has provided production and exploitation
engineering services to oil and gas companies, with recent projects
focused on heavy oil reservoir and production optimization in Eastern
Alberta and new gas pool exploration and development.

Rally Energy also announces the resignation of John G.F. McLeod from the
position of Vice-President, Operations. Mr. McLeod continues to sit as a
Director of Rally Energy.

New Options Issuance

Rally Energy's Board of Directors has granted 175,000 new options at an
exercise price of $1.85 each, for a term of five years, to an officer of
the Corporation. All new options vest over a period of two years with
one-third vesting immediately. There are currently 6,240,090 options
outstanding representing approximately 8% of outstanding common shares.

Debenture Conversions in 2005

Since the beginning of 2005, $2.2 million of Rally Energy's $6.0 million
of outstanding 12% Convertible Debentures have been converted to common
shares at a conversion price of $1.00 per share.

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Contact Information

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