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Press release from Marketwire

Renegade Petroleum Ltd. Announces Grant of Options

Friday, January 18, 2013

Renegade Petroleum Ltd. Announces Grant of Options20:17 EST Friday, January 18, 2013CALGARY, ALBERTA--(Marketwire - Jan. 18, 2013) -THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES.Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that it has granted options to purchase 525,000 common shares of the Company at an exercise price of $2.45 per share pursuant to the stock option plan of the Company. Of this amount, 450,000 options were granted to a new officer of the Company.CORPORATE INFORMATIONRenegade's common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade currently has approximately 202.9 million shares outstanding and 215.7 million diluted shares.FOR FURTHER INFORMATION PLEASE CONTACT: Neither 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. Contact Information: Renegade Petroleum Ltd.Michael EricksonPresident & CEO(403) 355-8922Renegade Petroleum Ltd.Alex WylieVice-President, Finance & CFO(403) 410-3376