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Press release from Marketwire

Renegade Petroleum Ltd. Announces Results of Annual and Special Meeting of Shareholders, New Board Member and Executive Appointment

Wednesday, June 27, 2012

Renegade Petroleum Ltd. Announces Results of Annual and Special Meeting of Shareholders, New Board Member and Executive Appointment18:00 EDT Wednesday, June 27, 2012CALGARY, ALBERTA--(Marketwire - June 27, 2012) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) announces that the Company held its Annual and Special Meeting (the "Meeting") of Shareholders in Calgary, Alberta on June 27, 2012 at which the shareholders approved all of the resolutions set forth in the Company's Management Information Circular dated May 23, 2012. Renegade is also pleased to announce that Mr. Keith S. Turnbull was appointed to the Board of Directors and Mr. Randy Berg has been appointed to the executive team as Vice President, Business Development and Land. ADDITION TO BOARD OF DIRECTORSAt the Meeting, shareholders elected Mr. Keith S. Turnbull, B.Sc; C.A. as a new director of the Company. Mr. Turnbull will also serve as Audit Committee chair and is an independent director of Renegade under the applicable securities rules. Renegade's Board of Directors and management team look forward to Mr. Turnbull's guidance and expertise as the company continues to execute its high growth strategy.Mr. Turnbull retired from KPMG in 2009 where he had been a partner for nearly 30 years. Prior to his retirement, Keith was a member of the executive management committee of KPMG and was the Office Managing Partner for KPMG's Calgary office where he was responsible for the strategic direction and growth of the Calgary practice as well as KPMG's audit, tax and advisory business in Calgary. EXECUTIVE APPOINTMENTRenegade's Board of Directors and management team are pleased to announce the appointment of Mr. Randy Berg as Vice President, Business Development and Land effective July 4, 2012. Mr. Berg has held senior management positions with a variety of both junior and senior energy producers over his 24 year career. Mr. Berg most recently served as Business Unit Manager, Saskatchewan Conventional and Manager of Land Negotiations at PetroBakken Energy Ltd. He graduated from the University of Calgary in 1987 with a Bachelor of Arts in Economics and received his Professional Land designation in 1998. Renegade's Board of Directors and management team are very pleased to have Mr. Berg join Renegade's executive team and are confident that his experience will be beneficial in assisting with the growth objectives of the Company.In addition, Renegade announces the departure of Mr. Martin Scase effective June 29, 2012. Mr. Scase has been part of the management team since March 2010. The Board of Directors, management team and staff of Renegade thank Mr. Scase for his contributions and wish him continued success in the future.CORPORATE INFORMATIONRenegade's common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade currently has approximately 89.6 million shares outstanding and 98.8 million fully-diluted shares. FOR FURTHER INFORMATION PLEASE CONTACT: Michael EricksonRenegade Petroleum Ltd.President & CEO(403) 355-8922ORAlex WylieRenegade Petroleum Ltd.Vice-President, Finance & CFO(403) 410-3376Neither the 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.