Relentless Resources Ltd.
TSX VENTURE : RRL

Relentless Resources Ltd.

November 29, 2013 18:47 ET

Relentless Resources Announces Filing of 3rd Quarter Financial Statements

CALGARY, ALBERTA--(Marketwired - Nov. 29, 2013) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has filed its unaudited condensed interim financial statements for the three and nine month periods ended September 30, 2013, and the accompanying management's discussion and analysis, such filings available on SEDAR at www.sedar.com.

Since the closing of the asset exchange in June 2013, Relentless has conducted a systematic review of the assets acquired in June of 2013 and plans to execute a number of well recompletions over the next six to twelve months. The actual type and number of recompletions will be determined by the results of the initial two or three operations. In addition to the recompletions, Relentless is actively pursuing farm out opportunities on portions of its approximately 85 sections of land acquired in the asset exchange.

The acquired assets have increased total corporate production, lowered operating expenses and increased corporate netbacks. Relentless plans to grow by taking advantage of the financial strength the Company has established.

About Relentless Resources Ltd.

Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Alberta. Relentless' common shares trade on the TSX Venture Exchange under the symbol RRL.

Relentless' primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.

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.

Forward-Looking Statements: All statements, other than statements of historical fact, set forth in this news release, including without limitation, assumptions and statements regarding the financial results, and future plans, operations and objectives of the Company are forward-looking statements that involve substantial known and unknown risks and uncertainties. Some of these risks and uncertainties are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks, industry competition, availability of qualified personnel and management, availability of materials, equipment and third party services, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

These assumptions and statements necessarily involve known and unknown risks and uncertainties inherent in the oil and gas industry such as geological, technical, drilling and processing problems and other risks and uncertainties, as well as the business risks discussed in Management's Discussion and Analysis of the Company under the heading "Risk Factors and Risk Management". The Company does not undertake any obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

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