Relentless Resources Ltd.

May 03, 2011 11:32 ET

Relentless Resources Grants Stock Options

CALGARY, ALBERTA--(Marketwire - May 3, 2011) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that its Board of Directors have approved the granting of stock options to acquire an aggregate of 800,000 common shares of the Company to the executive officers, directors and consultants of the Company. The immediately vesting stock options were granted in accordance with the Company's stock option plan and are exercisable for a period of five (5) years from the grant date at an exercise price of $0.30 per share.

The stock options (and the common shares issuable thereunder) are subject to a four month hold period, expiring September 3, 2011, in accordance with the polices of the TSX Venture Exchange (the "Exchange") and applicable securities laws. The stock option grants are subject to receipt of final approval from the Exchange.

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's common shares trade on the TSX Venture Exchange under the symbol RRL.

Relentless's 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.

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