Relentless Resources Ltd.
TSX VENTURE : RRL

Relentless Resources Ltd.

November 29, 2011 16:00 ET

Relentless Resources Announces Filing of Third Quarter 2011 Financial Statements, Rig Release of Second Horizontal Viking Well in Southwest Saskatchewan and Appointment of New CFO

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2011) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has filed its unaudited interim financial statements for the three and nine month periods ended September 30, 2011, and management's discussion and analysis, such filings available on SEDAR at www.sedar.com.

Relentless is also pleased to announce the successful drilling of the 100% working interest Relentless Loverna HZ 4C15-6-2C13-6-31-28 W3M well, its second horizontal well on its interests in southwest Saskatchewan. The well was drilled and production casing set to a measured depth of 1,530 meters after drilling a 655 meter horizontal section of Viking reservoir. The horizontal section of Viking reservoir in the well will be completed using multi-stage fracturing when completion equipment is available. Relentless acquired a 100 percent working interest in the Viking petroleum and natural gas rights on 518 ha (1,280 acres) of contiguous lands in this area in November 2010.

The Company announces that effective immediately, Mr. Pradeep Nathwani has been appointed Vice-President, Finance, and Chief Financial Officer of the Company, replacing Mr. Randall Boyd who stepped down on November 28, 2011. Mr. Nathwani, a Registered Public Accountant, has over 20 years of accounting experience both as a consultant and in-house, most recently as Vice-President at Pandell Technology Corp. The appointment of Mr. Nathwani is subject to regulatory approval.

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 and Saskatchewan. 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.

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Forward Looking Statements

This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "believe", "plans", "intends", "confident", "may", "objective", "ongoing", "will", "should", "project", and similar expressions are intended to identify forward-looking information. More particularly, this document contains forward looking statements which include, but are not limited to, the future operations of Relentless, that necessarily involve risks including, without limitation, risks associated with oil and gas development, production, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, and the inability to fund required capital expenditures. Actual future results may differ materially from those assumed or described in such forward-looking statements as a result of the impact of issues, risks and uncertainties whether described herein or not, which Relentless may not be able to control. The reader is therefore cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Relentless undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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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