Ranger Energy Ltd.
TSX VENTURE : RGG

June 17, 2011 09:47 ET

Ranger Energy Ltd. Announces Extention of Expiry Date of Outstanding Warrants

CALGARY, ALBERTA--(Marketwire - June 17, 2011) -RANGER ENERGY LTD. (the "Corporation") (TSX VENTURE ("TSXV"):RGG) is pleased to announce that it has received approval from the TSXV for an extension of the expiry date of certain of its outstanding common share purchase warrants (the "Warrants"). On June 16, 2011 the TSXV approved the extension of the expiry date of the 6,250,000 Warrants issued on June 25, 2010 and having an exercise price of $0.30 per whole Warrant from June 25, 2011 to June 25, 2012. For further information on the original issuance of the Warrants, please refer to the press releases of the Corporation dated March 31, 2010, June 8, 2010 and June 30, 2010 filed on SEDAR.

Warrantholders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to the Corporation in order to effect the exercise or transfer of such Warrants.

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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